ArmInfo. The property of "Armenfilm" movie studio named after Hamo Beknazaryan will be transferred to the trust management of "Kinoket Productions". The decision was made at the RA government meeting on March 21.
Presenting the draft decision, Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan said that over the next 3.5 years, "Kinoket Productions" will invest 3.5 million euros in the national film company, of which 2.5 million euros will be used to modernize the property and 1 million euro - for landscaping. The state will receive 800 thousand drams monthly for 15 years.
To note, "Armenfilm" was founded in 1923. Hundreds of Armenian feature films, documentaries and cartoons were shot at the film studio. In 2016, the film studio returned to the state. Prior to that, she was in private ownership for about 10 years. Over the years, not a single film was made there, and the property of the film studio has fallen into disrepair.