Film Center Deal Spells Nu Image Fate in Bulgaria
Business | February 22, 2005, TuesdayMovie producer Nu Image, one of the four shortlisted bidders in the sale of state film production center, pledged to leave Bulgaria if it fails to acquire 95% stake in Sofia-based Boyana Film EAD.
The owner of the company Avi Lerner broke the news Tuesday, adding that Nu Image has produced over 40 movies and invested over USD 200 M in Bulgaria for the last six years.
If we acquire Boyana we will turn it into the biggest film studio in Boyana, Lerner said. If we fail to do that, however, we might as well have to look for another place in Europe.
Nu Image also announced that the Hollywood stars Morgan Freeman and Hilary Swank are expected to come to Bulgaria.
Besides Nu Image Bulgaria, Ealing Studios Enterprises, Dragon International Studios Bulgaria Limited and Bavaria Film have submitted indicative offers for the state film centre Boyana Film EAD. Binding offers will be accepted by March 4.
The owner of the company Avi Lerner broke the news Tuesday, adding that Nu Image has produced over 40 movies and invested over USD 200 M in Bulgaria for the last six years.
If we acquire Boyana we will turn it into the biggest film studio in Boyana, Lerner said. If we fail to do that, however, we might as well have to look for another place in Europe.
Nu Image also announced that the Hollywood stars Morgan Freeman and Hilary Swank are expected to come to Bulgaria.
Besides Nu Image Bulgaria, Ealing Studios Enterprises, Dragon International Studios Bulgaria Limited and Bavaria Film have submitted indicative offers for the state film centre Boyana Film EAD. Binding offers will be accepted by March 4.
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