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Armenfilm's future is still vague

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  • Armenfilm's future is still vague

    Armenfilm's future is still vague

    by Karina Manukyan

    ARMINFO
    Saturday, December 27, 15:31


    The future of Armenfilm is still vague. To recall, 9 years ago the
    film studio was sold to CS Films-Studios owned by Cafesjian Family
    Foundation for 350 mln USD. The company was to digitize the films and
    overhaul and technically reequip the studio. However, it was found out
    that the contractual obligations were not carried out over the past
    few years.

    At a press conference on December 27, Armenian Culture Minister Hasmik
    Poghosyan expressed concern over the fate of the Armenian cinema
    heritage. Some of the films were not digitized in the proper manner.

    Earlier "CS Films-Studios" promised to turn Armenfilm into a modern
    cinema city by means of 10 bln AMD investments in the material and
    technical basis within 10 years. Given that the promises were not
    kept, the issue of further fate of Armenfilm's property was raised.

    "A serious economic analysis should be conducted here. We need to find
    out whether the state will be able to maintain that film studio or we
    need to find an investor, who will seriously address this issue", said
    Poghosyan.




    From: A. Papazian
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