Hungarian Film Fund Obtains Production Assets...

Headed by Andrew G. Vajna, the organization plans to turn them into profitable operations.

MOSCOW – The Hungarian National Film Fund, headed by Andrew G. Vajna, is obtaining film industry assets as part of a debt settlement with the Hungarian Motion Picture Public Foundation (MMKA), its predecessor as the country's main film body, and plans to turn them into profitable operations.

A Budapest court has approved an agreement between the National Film Fund and MMKA, under which the fund is taking over MMKA's previously accumulated outstanding debt of 6.3 billion Hungarian forints ($27.7 billion). In exchange the National Film Fund is acquiring two companies, Mafilm Zrt. and Magyar Filmlaboratórium Kft.

"Those are a studio and a laboratory," Vajna told The Hollywood Reporter. "They are in pretty bad condition and are losing a lot of money per annum."

"We are trying to revitalize them to make sure they are used to support Hungarian movies of the future," he went on to say.

According to Vajna, he hopes to cut the two companies' losses to zero by the end of this year and make them profitable in 2013.

"Whatever profits these companies would make, they would go support the Hungarian film industry," he concluded. "In other words, they will be spent on making movies."

Hungarian-born Vajna spent almost two decades as a producer in Hollywood, with his credits including Terminator, Basic Instinct and Rambo. He was appointed the government commissioner in charge of renewing the Hungarian film industry last year. The National Film Fund was founded in May 2011 and began operation later that year.

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More info: www.hollywoodreporter.com
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$1.2 Billion Anti-Piracy Suit Filed in Russia...

Hollywood majors and local players hope it could create an important precedent in fighting online piracy.
MOSCOW– The highest profile criminal case for copyright infringement is launched in Russia, which Hollywood majors and local players hope could create an important precedent in fighting online piracy.

'Hurt Locker' producer files massive antipiracy lawsuit
Online piracy in India a global problem
German Internet Pirate Gets One-Year Suspended Sentence
British Telecom Ordered to Block Newzbin2 Filesharing Site Within 14 Days (Report)
The country's general prosecutor's office has accused Andrei and Natalia Lopukhov, a Moscow-based married couple, of illegal online distribution of features and animated films through the web sites interfilm.ru and puzkarapuz.ru back in 2007 and 2008. The prosecutors claim that the damages caused by the Lopukhovs for their activities during nearly 18 months caused the damages of 38 billion roubles ($1.24 billion), which makes the case the biggest ever copyright lawsuit in Russia.
The films illegally distributed by the defendants include, among many others, Shrek the Third, Resident Evil: Extinction and 28 Weeks Later.
STORY: British Telecom Ordered to Block Newzbin2 Filesharing Site Within 14 Days
Among the companies whose movies were illegally distributed are 20th Century Fox, Paramount, Warner Bros., Disney Enterprises, Sony Pictures and Universal, as well as the domestic film producers Central Partnership, Riki, STV and Paradiz.
"We don't disclose the figure [of our claims], but our calculations were based on the values of relevant deals with [legitimate] video services," Zlata Polishchuk, executive vice president of Central Partnership, which also represents Paramount in the Russian market, told The Hollywood Reporter.
The plaintiffs don't expect that the damages could be actually paid to them but hope that the case could create an important precedent that would help to fight online piracy in the future.
"A lawsuit of such a high value has been filed for the first time here," Alexei Ryazantsev, general director of Karo Premier, which represents Warner Bros. in the Russian market, told THR. "It is unlikely that the damages will be paid, but the case could really scare off some people and dissuade them from pirate activities in the future."
A date for court hearings has not yet been set.

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