Nu Image unit to buy Bulgarian studio

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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading