St. Petersburg-based film studio Lenfilm to build "Russian Hollywood"March 23, 2016 - 12:02 AMT PanARMENIAN.Net - State-run St. Petersburg, Russia-based film studio Lenfilm has signed a contract with local company VTB Development to build what it calls a "Russian Hollywood", The Hollywood Reporter reveals. With a price tag of 4 billion rubles, or $60 million, Russia's first-ever cinema park project will include studio facilities, some of which will be open to tourists, just like Hollywood studios, as well as hotels, restaurants, congress centers and entertainment facilities. Lenfilm has secured a 1 million square foot plot of land on the city's outskirts, which is twice as big as what the studio originally envisaged when it mentioned expansion plans a year ago. The cinema park is seen as a tourist attraction for the city and as a way to promote Russian movies and foreign crews' interest in shooting in Russia, Eduard Pichugin, Lenfilm's general director, said in a statement. The project is set to be completed over the next three to four years, and negotiations with investors are in progress. Earlier, there were press reports that China Film Group might be interested in being part of the project. Lenfilm, Russia's oldest film studio, was in disrepair for many years, but the appointment of director and producer Fyodor Bondarchuk as chairman in late 2012 helped rejuvenate the studio. Lenfilm recently did a major upgrade of its existing facilities, financed by a $50 million loan from bank VTB, which is part of the same group that is now behind the cinema park's development. Photo: Lenfilm Top stories Paris Center Pompidou Musée National d’Art Moderne will host the screening of Sergei Parajanov’s "Triptych" on December 15. The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. Partner news | Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Azerbaijan accuses Armenia of arming Karabakh after 2020 Azerbaijan has accused Armenia of “illegally transported ammunition” to Nagorno-Karabakh after the November 9 statement. U.S. encourages Armenia, Azerbaijan to “bridge differences” The United States encourages Armenia and Azerbaijan to reach a durable and lasting peace agreement. |