Armenfilm's future is still vague

by Karina Manukyan

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

From: A. Papazian