Russian director to take stake in studio

Fyodor Bondarchuk's Art Pictures eyes Moscow build

MOSCOW -- Fyodor Bondarchuk's company Art Pictures will take a 30% stake in a studio complex that will be built outside Moscow by 2010.

Other shareholders in the studio complex, including president of the financial corporation Uralsib Nikolay Tsvetkov, said Monday that they hope the well-known director's name will help to attract more potential customers to the $300 million complex, which will adjoin a shopping and entertainment center and a residential complex.

Two other big film studio complexes in the area, Mosfilm and Gorky, reportedly need renovation.