PRAGUE — In the first seven months of this year, Barrandov film studio has generated revenues of just over $12 million, compared to $14 million for all of 1999.
A flood of Hollywood film projects has kept Barrandov full for much of the past year, and Hollywood’s passion for Prague shows no signs of letting up anytime soon. The studio is completely booked through May 2001, with both Universal and MGM set for shoots here.
Barrandov also took a major step toward resolving problems that have delayed a long-awaited sale to a group of Canadian investors working under the umbrella name of the Kodiak Group.
Barrandov paid an outstanding debt of $6.5 million to the Czech National Property Fund on Tuesday. Days earlier, it eliminated the state’s “Golden Share” from its company statutes, the last step in legally ending the government’s right to veto moves made by the studio.
While observers have grown cynical of claims that a sale of Barrandov could be completed “next month,” repeated regularly since early last spring, this time there appears to be concrete action toward concluding negotiations with an unspecified Canadian consortium.