BUSINESSMAN FROM US IS GOING TO PRIVATIZE FILM STUDIO
"ARMENFILM"
07-02-2005 16:40:00 | Armenia | Culture
YEREVAN, February 7 (Noyan Tapan). Businessman from the US
Khachik Khachikian, the President of the "Vision Quest
Production" company, issued an application to the RA government
for the privatization of the "Armenfilm" TV studio. According to
him, he is ready to buy the studio with the territory of 40
hectares of 1.5 mln dollars and invest 100 mln dollars. If the
Armenian government accepts his offer, the construction of the
new building of the studio will begin next year and will last 5
years.
In conformity with Khachikian's project, the studio will be
built and supplied with the up-to-date equipment. The complex
will consist of 10 camera pavilions, a trade center, a hotel, an
alley with the busts of prominent Armenian cinematographers. A
cinema school, which will cooperate with the leading cinema
schools of the US and Europe, will also operate here. As of
"Armenfilm" Film Fund, according to Khachikian, it will be
preserved and reconstructed. "I want to turn "Armenfilm" into
small Hollywood," the businessman said.
The businessman expects that the film studio will annually
produce 5-6 films, and "Armenfilm" will become the only film
studio in the region, which will be able to invite famous
foreign film-makers. Kachikian also mentioned that 2,500-3,000
people will work at the studio.