Raleigh opens Budapest studio

Hollywood facility bets on the film biz in Central Europe

Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest.

The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services and line producing.

Raleigh Studios Budapest also has administrative services to tap local incentives and tax rebates.

Hungary offers a tax credit that covers up to 25% of production costs. The incentive, along with the region’s lower-salaried film workers, offers a lure to U.S. producers.

The Budapest venture is a partnership between Raleigh and local shingle Origo Film Group. Origo is the Euro studio’s corporate owner.

Partnering with the Budapest entity, Burbank, Calif.,-based post house FotoKem will manage and operate a post-production facility on site, including a film lab, digital post and vfx capabilities. Allan Tudzin, a 29-year Fotokem vet,has already moved to Budapest to manage the operation.

Steve Auer, who ran Hollywood’s Sunset Gower Studios for 12 years, has been living in Budapest for a year and will be Raleigh’s topper there.

Despite the challenges the industry faces in today’s economic environment, Raleigh prexy Michael Moore takes a long view of the company’s investment in Central Europe.

“Productions will always be going to Europe,” he said. “Even if didn’t make economic sense, they’d go there for creative reasons.”

On Thursday, Raleigh Studios in Hollywood will hold a Hungarian-themed gala to mark the opening of its Budapest outpost. Raleigh Budapest’s official opening will be April 1, but occupancy will begin by the end of the month, per Moore.

More Biz

  • Michael Jackson Estate and Sony Extend

    Michael Jackson Estate and Sony Extend Recorded-Music Deal

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • Bob Iger Rupert Murdoch

    International Players React to Fox-Disney Deal With Envy, Fear

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • Bob Iger Rupert Murdoch

    Disney Agrees to $2.5 Billion Breakup Fee if Regulators Block 21st Century Fox Deal

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • media stocks - wall-street

    Disney-Fox Deal: Media Stocks Rise After Megadeal Announcement

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • Bob Iger Disney

    Disney-Fox Deal: Bob Iger on Management Plans, Direct-to-Consumer Focus and Staying Through 2021

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • Ajit Pai Free Speech

    FCC Nears Vote to Repeal Net Neutrality Rules

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

  • Bob Iger Rupert Murdoch

    Disney-Fox Will Be Global Powerhouse, Especially in Asia and Europe

    Expressing confidence in the future of the film biz in Central Europe, Hollywood’s Raleigh Studios is about to open a large facility in Budapest. The Hungarian complex boasts nine soundstages — one of which covers 45,000 square feet — and a 15-acre backlot. Services include lighting and grip, camera, equipment rentals, scenic, transportation, production services […]

More From Our Brands

Access exclusive content