Colorfront will have satellite offices and post facilities based at Korda and the companies will be connected by a high-speed fiber-optic network, enabling work such as color-graded digital dailies to the studio. 'We will give the DoP and crew the ability to watch digital dailies in DCI-compliant cinema quality,' Colorfront's Mark Jaszberenyi said.
Korda is the new $120m studio based 25 km outside Budapest, backed by Hungarian real-estate billionaire Sandor Demjan. Its first shoot, for Universal's Hellboy 2: The Golden Army, wrapped on Nov 22 after shooting since April.
Meanwhile, Korda announced that its final two of its six stages will beopened by spring 2008. That includes the 2300-square-meter Stage 5 andthe 6300-square-meter Superstage, with watertank, which is thought tobe the biggest in the world.
Colorfront, which had a soft launch for local film-makers in September and is now open for international work, is founded by Aron and Mark Jaszberenyi, the brothers who pioneered digital intermediates technology (including work on The Lord Of The Rings trilogy), and who sold their Lustre system to Autodesk in 2005 for $15m.
In addition to digital intermediate work, the 2000-square-meters, DCI-compliant facility at Colorfront can offer film scanning and recording, conforming, digital dailies, online and offline editing, VFX, sound mixing, mastering and deliverables, and compositing.
The companies are hoping that their advanced facilities and Hungary's 20% tax rebate on local film production spend could attract more international productions to the country.
Laszlo Krisan, CEO of Korda Studios, told assembled international producers and post-production supervisors: 'We hope that Korda and Colorfront together can meet the requirements of facility demands that you are used to. We hope we can be a small dot on the map of the film world.'
Krisan was however, realistic about how the US writers' strike and more notably a potential actors' strike, could impact business. 'The strike next year affects the market definitely, some production companies are bringing everything forward in order to be ready to shoot sooner, and others will start later than expected. If the [actors] strike happens, we can concentrate on commercials, European films or co-productions that don't require American actors.'