Germany’s University of Oldenburg purchased some 700 features, documentaries and kidpix from the archives of the DEFA film studios.
The collection represents approximately two-thirds of the films produced during the socialist regime in East Germany.
The prints were sold by Progress Film, the now-privatized company that formerly monopolized distribution in East Germany.
The university paid 200,000 marks ($ 120,400) for the prints, which it plans to catalog.
Federal authorities retain the film rights, which will be transferred to a foundation to be established. A complete collection of DEFA films belong to the Federal German Film Archive, which took over the former East German film archives.