MOSCOW -- There will likely be no shortage of potential buyers for Russia's oldest film complex, Gorky Studio, which the government recently put on the block and wants to be sold by the end of this year.
However, potential buyers may not necessarily come from the film industry, and the possibility that someone will buy the complex for the land and turn it into something else is not being ruled out.
Gorky Studio, which comprises five studious each with an area of 500-1,000 square meters, was built in the 1930s and is in need of major refurbishment.
While a sale tender is expected to be officially announced soon, local film companies, most of which don't have their own facilities, may not be the first to place bids.
"We are studying the possibility of bidding, but we haven't made a decision yet," Sergei Tikhonov, investment director at Prof-Media, which owns a controlling stake in the country's largest film producer, Central Partnership, told The Hollywood Reporter.
However, potential buyers may not necessarily come from the film industry, and the possibility that someone will buy the complex for the land and turn it into something else is not being ruled out.
Gorky Studio, which comprises five studious each with an area of 500-1,000 square meters, was built in the 1930s and is in need of major refurbishment.
While a sale tender is expected to be officially announced soon, local film companies, most of which don't have their own facilities, may not be the first to place bids.
"We are studying the possibility of bidding, but we haven't made a decision yet," Sergei Tikhonov, investment director at Prof-Media, which owns a controlling stake in the country's largest film producer, Central Partnership, told The Hollywood Reporter.
- 4/24/2008
- The Hollywood Reporter - Movie News
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