A Russian company has spent US$89 million building eastern Europe’s largest production facilities in a field outside Moscow and hopes to lure Hollywood majors to shoot and produce movies.
The idea is to create a modern flagship studio that will make Russia a competitively priced destination for film projects and in turn modernize the local industry.
“It is one of the targets for us to invite international projects to get their experience, to get their technologies,” Glavkino grou general-director Ilya Bachurin said.
Photo: AFP
Opened by former Russian president Dmitry Medvedev in February, on a recent tour the Glavkino studios were still dusty from the construction process and smelled of paint.
Bachurin, 42, a former impresario and television executive, led the way through the studios to show off echoing sound stages and high-tech 3D equipment. The largest sound stage measures 3,108m2, a space so large that it swallowed up a bus parked in the corner.
“It is the biggest in eastern Europe,” Bachurin said. The studios have a Hollywood-style sign on the roof visible from passing planes. Their Web site boasts they are “equivalent to the best studios of America and Europe.”
So far one feature film has been completed at Glavkino: August 8, a strongly pro-Russian drama based on the 2008 Russia-Georgia war that was 90 percent funded by the Kremlin.
It aims to attract major global players to do studio shoots and post-production there and pass on their expertise to Russia’s technically lagging film industry.
“In fact we do not need their money — it’s not our major goal,” Bachurin said. “We need to attract their experience and their specialists: those who can make the studio a part of the big -international filmmaking industry.”
In June Glavkino gave British art-house director Peter Greenaway a voucher worth US$37,000 to spend on post-production for a planned remake of Death in Venice.
Greenaway told Hollywood Reporter he was considering Saint Petersburg as a location.
Without giving details, Bachurin said that Glavkino was planning to submit quotes for several big international projects.
One problem is that Russia offers no tax breaks for filmmakers. Add in a mass of headaches from tough rules on customs to visas and work permits.
“We are going to make special proposals, make prices lower,” Bachurin said.
“This is a pragmatic business. If it is convenient and profitable, people will be ready to do the math,” he said.
Viktor Ginzburg, a Russian-born film director based in the US was visiting the studios with a view to making his next film there — an adaptation of Viktor Pelevin’s novel Empire V.
He said he was impressed by the facilities.
“It seems terrific. They should dust it, though,” he added.
Yet he said the high-tech studios still lacked something: “film culture.”
“You need projection designers, art directors, set decorators, craftsmen,” he said. “Unfortunately there is a real problem in the Russian film industry right now with these key positions.”
That is a hangover from the 1990s when the film industry almost dried up and professions skipped an entire generation.
While Glavkino is new, it reeks of money and connections.
Its name uses Soviet-speak abbreviations: glav, or “main,” and kino, meaning “cinema” or “film,” to suggest the historic roots it lacks.
One co-founder with Bachurin is actor and director Fyodor Bondarchuk, 45, who made hit films including The 9th Company. His father Sergei Bondarchuk directed the Oscar-winning War and Peace.
Another co-owner is Konstantin Ernst, the director-general of state-controlled Channel One television, which also has a major filmmaking division.
The three men together with UralSib bank own 50 percent, while the other 50 percent belongs to private investor Vitaly Golovachev, according to Glavkino’s Web site.
The studio was built after the owners raised a massive loan from VTB bank. Glavkino could hardly be more different from what is still Russia’s main film studio, Mosfilm, a maze of buildings dating from the 1930s in a busy urban area hemmed in by construction.
“We do not feel it will be competition with Mosfilm, because the market for technical services is not filled, even now as we finish the Glavkino studios,” Bachurin said.
Currently, Glavkino is mainly being used to make television shows, while the plan is for the proportion to change to half-and-half.
A second stage upgrading the studios with equipment and everything from costume workshops to a five-star hotel will cost a further US$120 million and is expected to be finished by the end of next year.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel