Founded in 2015, the studio complex was operated by the Pinewood Group until March 2020 when the company terminated its agreement with the Welsh government to manage the facility.

Economy minister Ken Skates told the Senedd that the two-year rent-free period was "consistent with market practice".

Pinewood held a fifteen-year lease on the site, but the agreement had a five-year break clause, allowing the company to walk away in 2020.

[3] In October 2019, Pinewood Group gave notice to the Welsh government that their agreement to run the studio would end on 31 March 2020 as permitted by the break clause.

[5] The historical television series The Bastard Executioner was filmed on Stage 1 of the complex, and in other locations in Wales, and released in September 2015 on FX in the United States.