The MotionPicture Public Foundation of Hungary (MMK) is preparing to invite investors toenter into a partnership to renovate and develop the MafilmStudios in Budapest, MMK general secretary Erzsebet Toth told ScreenDaily.com.
"Overthe past few years, every studio has come to
Agovernment ruling in December transferred ownership of the formerly state-runstudios to the MMK, a public foundation which supports film productions,festivals and exhibition in
MaFilmhas two complexes. One is a 22-hectare lot with sets in Fot,on the outskirts of
The MMKplans to renovate the Mafilm facilities. "Wewant to renovate [Rona] to preserve tradition and to dedicate it to Hungarianfilm," Toth said. "We want to invitepartners to build stages and sets at Fot."
MMK willinvite private industry to join a public-private partnership (PPP). Toth emphasizes that the private partner will not becomethe owner of the studio, however. "We will not sell the studios," shesaid. "But if a partner wants a 99-year lease of the lot and wants tobuild on the lot, we can offer ownership in the management of thecompany." Toth hopes to unveil detailed plans atApril's Location Expo in
Toth isrealistic about the challenges in going head-to-head with other production hubslike