Raleigh Studios Announces New Budapest Studio Project to Open in April, 2010.

November 4, 2009

LOS ANGELES, Nov. 4 /PRNewswire/ -- Raleigh Studios, the largest independent studio operator in the United States, is pleased to announce they have broken ground on a new state of the art studio facility in Budapest. Raleigh's European partner in the venture, Origo Film Group has championed the development of this project since its inception.

Raleigh Studios Budapest is well under construction and will open its doors in April, 2010. The facility is less than 20 minutes from all major hotels and downtown Budapest making it the closest studio facility to the heart of Hungary. The studio boasts 9 sound stages, including a super stage 45,000 sq. ft. and 65' to the grid. There is full transportation, set and location lighting and grip with Hollywood Rentals, Line Producing with Raleigh Film and a state of the art post production facility and digital film laboratory. All stages, offices and support structures are built from the ground up and engineered to Hollywood standards. Incorporated into the studio's design is a 15 acre backlot perfect for outdoor set builds. A full production training school will also be on lot to help maintain Hungary's existing talent pool while creating a new generation of film crews.

Raleigh Studios Budapest will provide the same excellent standard of service as Raleigh's other facilities in the United States. With its central location, most major European cities are less 3 than hours by plane, Raleigh Studios Budapest can serve as a central hub for production throughout Europe while offering comparable crews and services at more economical rates than most other European countries.

"We are very excited to be opening in Budapest" said Michael Moore, president of Raleigh Studios. "There has already been considerable interest from our clients and we're confident this will be one of the finest studio operations in Europe"

Raleigh also offers administration services for film incentives and tax rebates available in Hungary. Hungary currently offers a 20% production incentive and can go as high as 25% in some cases to qualified productions. A Value Added Tax is also fully reclaimable.

Raleigh Film, Raleigh's production service arm, offers full line producing and crewing as well as detailed location solutions. The company performs script breakdowns, budgeting, location services as well as photo and rendered pre-vis art work. From a locations perspective Budapest is highly flexible providing comparison looks for almost any European city both period and modern. Raleigh Film has a high degree of expertise pairing the looks of other locations to Budapest thus providing productions with considerable creative and financially sound options. Raleigh Film line produces TV, feature and commercial projects in Europe and the United States.

In addition to Budapest, Raleigh Studios has locations in Hollywood, Manhattan Beach, Playa Vista, and Baton Rouge. Raleigh's parent company also owns the premier supplier of lighting and grip, Hollywood Rentals. In addition to Budapest, Hollywood Rentals is located in Los Angeles, Charlotte, Orlando and Baton Rouge.

Raleigh can be contacted for any location by dialing toll free 888-960-FILM.

Relevant websites:

raleighstudios.com

    Contact:
    Michael Newport
    Raleigh Studios
    Director of Marketing and Client Development
    323-871-4416
    mnewport@raleighstudios.com

SOURCE Raleigh Studios