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Buyer of HayFilm Pledges To Invest 30 Bln Drams

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  • #1

    Buyer of HayFilm Pledges To Invest 30 Bln Drams

    HAYFILM SOLD TO ARMENIASTUDIOUS FOR 350 MLN DRAMS

    YEREVAN, AUGUST 11, NOYAN TAPAN. Armeniastudios CJSC, 100% of whose
    shares belongs to the television company Armenia, was announced the
    winner of the tender for alienating the property of the Hayfilm Studio
    after Hamo Beknazarian. Summarizing the tender results on August 11,
    Chairman of the Tender Commission, Head of the State Property
    Management Department Ashot Markosian stated that that the company met
    the tender requirements, in particular it offered 350 mln drams (795
    thousand USD), which exceeds the minimum price by about 83 mln drams,
    and pledged to make investments of 30 bln drams within the next 10
    years. According to the president of the television company Armenia
    Bagrat Sargsian who represented the company's interests, major repairs
    of the building and its furnishing, as well as installation of modern
    equipment will be done over the next two years. It is also envisaged
    to restore all the films kept in Hayfilm's storehouses within a year.

    http://groong.usc.edu/news/msg120337.html
    What if I find someone else when looking for you? My soul shivers as the idea invades my mind.
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  • #2
    "ARMENFILM" TO BE COMPLETELY REPAIRED WITHIN 2 YEARS

    YEREVAN, August 12. /ARKA/. The "Armenfilm" studio will be completely
    repaired and brought to conformity with international standards within
    two years, the new Armenfilm owner, President of the CS MEDIA CITY
    holding Bagrat Sargsyan told reporters. "We will install up-to-date
    equipment at Armenfilm, which will allow the viewers to see all the
    films shot by the studio in restored or digital versions," Sargsyan
    said. According to him, film production will be possible as well.
    Sargsyan reported that most of the studio staff members will take
    retraining courses in Armenia and abroad. "`Armenfilm' is not only a
    film studio, but also the embodiment of traditions of Armenian
    cinema," he said. Sargsyan stressed that al traditions of Armenian
    cinema will be upheld despite technical re-equipment of the studio.
    Responding to a question about the principal share-holder of the SC
    MEDIA CITY holding, Sargsyan said that the holding is owned by Gerard
    Cafesjian and the Sargsyan family, ruling out the possibility of two
    share-holders.

    The "Armenfilm" studio has been sold for AMD 350mln to the "Armenio
    Studios" CJSC, which is part of the "CS MEDIA CITY" holding. P.T. -0--


    http://groong.usc.edu/news/msg120297.html
    What if I find someone else when looking for you? My soul shivers as the idea invades my mind.

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