Despite industry jitters over the future security of Hungary's 20% tax rebate for film production, developers have announced plans for three new facilities.
The Hungarian press reports that construction should begin this spring on a studio complex located on a 15,000-hectare site in Rakospalota in northeast Budapest.
Luxembourg-based Orco Group is developing the Rakospalota project with contractor Origo Filmstúdio Motion Picture Production Zrt. The developers assume part of the financing for the HUF 12bn ($65.4m) project will come from state-sponsored loans.
A separate facility planned for Pecs, in southern Hungary near the Croatian border, would target local and regional productions. Called Greenhill, the HUF 2bn ($10.9m) project will convert a former electricity plant into a 600-square meter sound stage plus support facilities.
Greenhill is also planning a HUF 10bn ($54.5m), three-stage project in Szentendre, north of Budapest.
Both Greenhill projects are led by Tamas Sas, director of the Hungarian hit S.O.S. Love!
The Hungarian press reports that construction should begin this spring on a studio complex located on a 15,000-hectare site in Rakospalota in northeast Budapest.
Luxembourg-based Orco Group is developing the Rakospalota project with contractor Origo Filmstúdio Motion Picture Production Zrt. The developers assume part of the financing for the HUF 12bn ($65.4m) project will come from state-sponsored loans.
A separate facility planned for Pecs, in southern Hungary near the Croatian border, would target local and regional productions. Called Greenhill, the HUF 2bn ($10.9m) project will convert a former electricity plant into a 600-square meter sound stage plus support facilities.
Greenhill is also planning a HUF 10bn ($54.5m), three-stage project in Szentendre, north of Budapest.
Both Greenhill projects are led by Tamas Sas, director of the Hungarian hit S.O.S. Love!
No comments yet