In 1995, the studios were purchased by the NFTS and again in mid-2000 by a consortium led by Fragile Films' Uri Fruchtmann and Barnaby Thompson, Harry Handelsman and John Kao, with an intention to revive the fortunes of the studio. Handelsman's Manhattan Loft Corporation redeveloped the 3.8-acre site to include the existing Grade II listed sound stages. The studio has since begun to produce theatrical films again, such as "Lucky Break" (2001), "The Importance of Being Earnest" (2002), and "Valiant" (2005). "Shaun of the Dead" and horror film "The Descent" (2005) were both shot on the lot.