Read and Rainbird decided to invest in the studios as US streaming giants like Netflix, Apple and Amazon look for more space in the UK.
Read said: Twickenham Studios is a much-loved studio, a world-renowned heritage brand and a fantastic trading company as well.
Star quality: Rutger Hauer in Blade Runner
Its sound studios were used for Queen biopic Bohemian Rhapsody and Sam Mendes s 1917.
Other films to have used the facilities over the years include Layer Cake, War Horse and Blade Runner. The Creative District Improvement Company is aiming to develop new studios around the country. The firm has also invested in Littlewood Film Studios in Liverpool.