The first phase of the new Stern Film Studio and Media Center in Pomaz, north of the Hungarian capital of Budapest, has opened its doors, beating the rival Korda Filmstudio, due to open early next year.
The Canadian- and Hungarian-owned facility has two soundstages of 23,500 and 16,000 square feet and hopes to develop two more next year, depending on demand, according to Stern production exec Amy Szabados.
No budget has been revealed for the studio, although the lion’s share is privately financed by the Szabados family.
It also hopes to add a screening room and a school to train film crew and technicians.
Stern opens its doors less than a year after Hollywood producer Andrew Vajna and Hungarian property tycoon Sandor Demjan broke ground on Korday, a state-of-the-art studio complex on an abandoned missile base just west of Budapest in the village of Etyek.
Reps hope that preliminary construction will be completed in time for an announcement at the Cannes Film Festival in May.
Other Hungarian studio developments have been announced in recent years, including a complex in an abandoned factory on an island on the Danube on the outskirts of Budapest.
Stern production exec Amy Szabados said she welcomes competitors, particularly the ambitious Korda complex.
“The more movies that are attracted to Hungary means more movies and business for everyone,” said Szabados.