Hungarian state to privatize three film studios

Tweet
Comment

The state asset manager MNV has called tenders for the privatization of three film studios, Objektív Filmstúdió Kft, Budapest Filmstúdió Kft and Hunnia Filmstúdió Kft, which are under 100% ownership by the state.

According to a report on Mfor.hu, based on a dispath by state newswire MTI, there are two rounds to the privatization procedure. First, the MNV will examine the financial background of applicants, in addition to their experience and current activities in Hungarian filmmaking. The winner will be chosen based on the prices offered during the second round.

The minimum price for Objektív and Hunnia is Ft 11 million (€41,000) and Ft 30 million for Budapest Filmstúdió.

The deadline for submitting applications in the first round in December 19.

Comments

The All Hungary Media Group is firmly committed to freedom of expression and therefore applies a mostly "hands off" approach to comment moderation. Comments left by readers represent their own views and do not necessarily reflect the opinions or beliefs of the staff, editors or owner of the All Hungary Media Group, who nonetheless reserve the right to remove comments that are off-topic or which moderators consider to constitute "hate speech." Also note that in order to prevent spam we generally close entries off to comments several days after publication.

Comments are closed.