Pinewood Shepperton plc (now
Pinewood Group) entered into a strategic agreement with
Khazanah Nasional Berhad (the investment holding arm of the Government of Malaysia) in connection with the development of a new film and television studio facility in Iskandar, Malaysia. Construction began towards the end of 2010, with completion initially expected by the end of 2012. The project designers were GDP Architects, Kuala Lumpur and structural engineer
Hossein Rezai of Web Structures. The facility officially opened on 14 June 2014. In July 2019, Pinewood Iskandar Malaysia Studios was rebranded to Iskandar Malaysia Studios following its affiliation with Pinewood Shepperton plc ended. In March 31, 2023, Singaporean entertainment company, GHY Culture & Media announced its intent in a filing on the
Singapore Exchange to acquire 80% of majority stake in Iskandar Malaysia Studios. Later, on April 9, Khazanah Nasional's wholly owned special-purpose vehicle, Granatum Ventures, has entered into a definitive share sale agreement to divest its 100% stake in the studio to Studio Management Services (SMS), a consortium led by its current Malaysian management team in partnership with GHY, to attract foreign investment as well as to brought the economic and social benefits to Malaysia. In June 2023, Deputy Finance Minister,
Steven Sim said that Khazanah only divest its shares in Iskandar Malaysia Studios to looking for a new partner which could better manage the studio, but did not sold the studio's assets. ==Stages, TV studios and facilities==