UFA returns to feature film biz
EmptyMUNICH -- Germany's legendary film house UFA is getting back into making movies.
Universum Film Aktiengesellschaft produced the Fritz Lang classic "Metropolis" in 1927 but has brought out a limited number of films in recent decades. It now derives most of its income from TV production and running a chain of movie theaters.
Parent UFA Holding will form a wholly owned subsidiary to be called UFA Cinema as of Jan. 1, the company said Saturday. A UFA Cinema spokesman reached Sunday said the production company plans to bring out eight to 10 films a year by 2010, with budgets anywhere from 4 million euros-15 million euros ($5.8 million-$21.6 million). The first productions will be introduced in the spring and come out the next year. The company has more than 40 projects in development.
UFA also plans to create its own distribution structure, but the spokesman declined comment on when it might be in place.