The major part of Budapest Film is sold

Budapest Film (http://www.budapestfilm.hu/) was founded in 1987 for distribution and operating cinemas. Last year it had 10% of the Hungarian market, since 2004 it has the exclusive rights of the distribution of the films of EEAP (Eastern European Acquisition Pool GmbH ) (http://www.eeap.de/), which is the affiliated firm of A Company. In 2007 Budapest Film founded the VoD (Video on Demand) provider filmklik (www.filmklik.hu), which offers more than 600 movies via internet. A Company holds 25,1% stakes of it since 1^st of July of 2008. The Budapest Film has also 54% stakes of video and DVD broadcaster ASD ltd.

 

By this acquisition the financial problems are gone, the traditional company can continue it's carrier. The A Company wants to release 25 titles annually, and intends to develope the VoD service increasing marketing budget, growing the number of available films. The filmklik is still the base of an Eastern-European VoD-platform as the A Company had announced it before the global financial crisis started. „The situtation is more the perfect for forming Budapest Film the major distributor of independent films in Hungary” said van Dülmen. „Some bigger rivals of Budapest Film has retreated due to the financial and other reasons, so Budapest Film has left the only major distributor company for as the Hungarian as the foreign independent partners. With the support of A Company there's a huge possibility to use all the synergy of the company, and to build partnership with all the major Hungarian televisions.”

 

As Port Ferenc said, he was trusting so that by this acquisition not only the Budapest Film's problems of film acquisitions would be solved, but the company can start developing in the radically changing film market of Europe. With this cooperation also those four cinemas run by