Russia’s Largest Film, TV Studio Facility to Open by Year’s End
The development of Glavkino, nine kilometers west of Moscow, was first announced three years ago, but was delayed by the economic crisis in the country.
MOSCOW -- Glavkino, Russia’s largest studio complex under construction outside Moscow, is to be put into operation by the year’s end.
“The first stage, which includes 30,000 sq. meters of studio pavilions, is to be launched by the end of this year,” producer/director Fyodor Bondarchuk, one of the major partners in the project, told The Hollywood Reporter.
“Right now, we are beginning the construction of an administrative and production building, which will feature sound and video editing suites and offices for film crews,” Bondarchuk added. “We hope to be able to complete it by the year’s end.”
The development of a studio complex in the village of Glukhovo, nine kilometers west of Moscow, was first announced three years ago, but its implementation was slowed down by the economic crisis in the country.
Currently, the majority partners in Glavkino are Bondarchuck, head of the television station Channel One Konstantin Ernst and billionaire head of the financial group Uralsib Nikolai Tsvetkov. According to Bondarchuk, the project is being financed by a 2.7 billion rouble ($96 million) loan provided by the VTB bank.
Glavkino expects to benefit from increased demand for television content with a digital switch, scheduled for 2015, and a shortage of high-quality studio space in Moscow area.
“First, there will be a surge in demand for TV content after the digital switch,” Bondarchuk said. “And second, there aren’t enough studio spaces in Moscow. There is Mosfilm only, and it is booked many months in advance.” He added that 70 percent of production at Glavstudio is expected to account for TV content, and the rest for theatrical movies.