Two U.S. film service companies have teamed to open a post-production facility in Hungary, where tax incentives are spurring local and foreign shoots.
Raleigh Studios, which is building a studio complex near Budapest, has formed a strategic alliance with post-production house FotoKem.
The companies will develop the post-production facility with Raleigh’s European partner in the studios venture, Origo Film Group.
The partnership will provide post-production services for producers keen to take advantage of Hungary’s 20% tax rebates on films shot in the country.
“Our goal has been to establish a studio in Europe that will support producers with very strong American and European brands,” Michael Moore, president of Raleigh Studios, told Daily Variety on Wednesday. “Having FotoKem on the lot is a major benefit for the production community.”
Linked directly to FotoKem’s Los Angeles base, it will provide a level of flexibility and production economies new to the region, he added. The FotoKem unit will be equipped with two full digital intermediate suites.
It will be based at Raleigh Studios Budapest, which is set to open in April. The studios will have nine sound stages, including a 45,000 sq. ft. superstage, a 15-acre backlot and production training school.