Hungary's international business daily

January 17, 2008, 12:15 CET

Triple bill of Hungarian movie studios in production

Investors are planning to build three new film studios in Hungary in the coming two years.

According to Portfolio.hu (in English), Greenhill Studios will build a €7.9 million studio on the site of the Mecsek coal mines near Pécs by reconstructing the 600-square-meter turbine hall of a former power plant and adding a 1,500-sqm new facility.

Greenhill Studios is also planning a 30-hectare facility near Szentendre on a plot currently owned by the state and the army.

Simultaneously, a massive studio project by the same company is in the preliminary stage of planning in Szentendre, while American investors are looking to set up a third one in Mogyoród, north-east of Budapest.

Unlike the "Hollywood-style" Etyek studio, these will be designed for smaller productions.

According to Világgazdaság, based on a report in HavariaPress, the Mogyoród facility will offer the whole gamut of technical solutions used in film making, including stagecraft, rentable electronic devices, wardrobes and post-production computer works.

Three studio rooms will be opened in the first stage here this spring, followed by another two or four at a later date. The investors also plan to open a school to train future filmmakers, by not later than autumn 2009.

Although a big movie studio is already up and running in Etyek, near Budapest, the investors of the new one advocate partnership over rivalry, saying that if one studio gets the rights to make an American movie, it will provide enough work for both of them.

The Hungarian government offers attractive tax incentives to production companies and investors of film projects.

Latest News

Recent Comments:

#1
Property Investment: One of sites that can help investors is located here: http://www.propertypackaged.com/9175628777 Ju... from "Hungarian lack of Feng Shui may keep Asian property investors away"
#1
Abácsi: Protectionism calling itself food safety.... from "Retailers slam new food import rules"
#1
Palánta: This is the kind of news that the average Jozsi in the street doesn't read, and if he did read it, ... from "Big gap between corporate tax revenue target and actual revenues"
#1
imre: Excellent! By "good geological location", I take it you mean sitting on a fault-line in a sinkhole-... from "Employment surges at Hungarian units of Chinese IT firm Huawei"
#2
Canadian: The EU's mandate is to protect the EU and not memeber states. IMF was the worst possible solution b... from "EU Commissioner urges Hungary to reopen IMF/EU talks"
The latest news from the other member sites of the All Hungary media network

Fatal error: Cannot redeclare is_valid_email() (previously declared in /var/www/allhungary.hu/mt/php/mt.php:716) in /var/www/allhungary.hu/mt/php/mt.php on line 722