 In January 2016, it was confirmed that the studios had been sold for £16 million to a property developer, Quintain.The lease (at present up to eight years) for the site is still available and several parties have expressed an interest.The most likely use will be to retain the building and turn it into a 1,000-seat theatre and that may start after the decommissioning of the studio equipment for sale by auction in February 2017.