Co. has pledged to invest an additional $18 mil
HOLLYWOOD — Nu Image Bulgaria, a unit of U.S.-based Nu Image/Millennium Films, has won a government tender for a 95% stake in Bulgaria’s Boyana Film Studios, the country’s privatization agency said Saturday.
Nu Image Bulgaria offered 12.2 million leva ($7.5 million) for the studio and pledged to invest an additional $18.8 million, the agency said.
The other bidders were British-based Ealing Studios Enterprises and German production company Bavaria Film.
The privatization agency said it would sign the deal with Nu Image Bulgaria within 50 days.
Boyana Film owns a large compound near Bulgaria’s capital, Sofia, and offers complete services for movie and TV production. It has recently drawn many foreign film crews by offering low prices and skilled labor.
In April, helmer Brian De Palma started shooting “The Black Dahlia,” starring Scarlett Johansson and Hilary Swank, near Sofia.
Several other Nu Image productions will be shot in Bulgaria this year and next, including the fourth “Rambo” movie with Sylvester Stallone, the company said.