Hungary's new film fund, set up two years ago under the leadership of Budapest-born "Terminator" producer Andy Vajna, has agreed more than $2 million in new production grants to two features.
An investigation into the finances of the former public film fund in Hungary that collapsed two years ago with multimillion-dollar debts has exposed widespread corruption.
European and international producers have more opportunities than ever to access coin for co-productions after a raft of new and re-structured film funds opened over the past year, producers at the…
2016-2017 Oscar Predictions
MOSCOW -- A Budapest court has transferred more than $27 million worth of state-owned film studios and other property to Hungary's new film fund.
MOSCOW -- Hungary's national film fund, which relaunched two years ago under the direction of Hollywood producer Andy Vajna, has announced grants worth $2.2 million to two features.
Hungarian filmmakers are to re-establish the country's national film festival in February after political and financial crises disrupted the event.
Eastern Europe is a study in contrasts.
Despite skillful assemblage, the script's plausibility issues increasingly undermine engagement.
As the first former Eastern Bloc country to set up a 20% rebate system for foreign productions back in 2003, Hungary has proved itself to be arguably Europe's most dedicated magnet for foreign…