MUMBAI: Glavkino, a newly-built studio located outside
of Moscow, is looking at inking a strategic partnership
with a Hollywood studio.
have been talking with Fox and Universal about possible
cooperation," said Studio boss Ilya Bachurin in
a statement. "Even though Russia does not have
any tax incentives, we are willing to adapt our prices
to make this an interesting proposal for a studio."
studio has announced that a second phase of development
worth $120 million would surpass $89 million invested
The studio,the first newly built filmmaking complex
on a greenfield site in Russia in more than 60 years,
was launched in March with 12 stages that includes a
10,000-foot sound-stage that is Eastern Europe's biggest.
second phase, in which offices, a hotel and post-production
facilities will be built, is scheduled to be complete
by late 2013.
by a group of shareholders that includes Konstantin
Ernst, head of Russia's main state television station
Channel One, and film director and producer Fedor Bondarchuk,
the studio is currently doing 70 per cent business with