The Pinewood Group is pulling out of its Atlanta facility as it refocuses its international strategy. The group announced Wednesday that it has sold its equity in Pinewood Atlanta Studios to River’s Rock, its joint venture partner in the facility. The joint venture was set up in 2013 with Pinewood Atlanta Studios now the second largest purpose-built facility in the U.S.

The studio will continue to operate as a Pinewood facility for up to 18 months, during which time it will retain the Pinewood brand and receive sales and marketing support from the group. Frank Patterson, who joined Pinewood Atlanta Studios as president two years ago, will remain in his role, and the studio said the announcement would have no impact on productions using the facility.

The decision to sell its stake follows Patterson’s move into investment in content companies. Pinewood Group’s focus remains on studio infrastructure.

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