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New studios in construction in Budapest

02 October, 2009 - filmhu

Eight new studios are in construction in Rákospalota area, 15th district of Budapest. The first can launch operating in the Spring, and the rest will also be finished until the end of 2010. The American investor is spending HUF 16 billion (EUR 60 million) and can give work hopefully for 2200 employers. The production can start shooting maybe from May of 2010. But not only studios will be built, there will be support facilities like film lab and set workshop as well. As the mayor of the district said, not only the most modern filmmaking technology will be found here, but the translating works – to 50 languages – and the distribution also can be done right there.

In Hungary the film law provides 20% tax rebate for foreign film productions if they fulfill the criterias. It made created a studio building boom, though nowadays the crisis makes some difficulties also for these new studios, but even like this plenty of films are in production, like the Eagle of the Ninth of Kevin Macdonald or The Pillars of the Earth of Sergio Mimica-Gezzan.