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German company acquires 51% stake in Budapest Film

Germany's A Company has acquired a 51% stake in Budapest Film, which controls about 10% of Hungary's film distribution market, business daily Napi Gazdaság reported.

Budapest Film plans to continue to release about 25 films a year in Hungarian cinemas. It also wants to build up online screening and video-on-demand services.

As Budapest Film's competitors have scaled back their activity because of the crisis, Budapest Film has an opportunity to become the most important independent content provider in Hungary, said A Company CEO Alexander van Dulmen. (MTI – Econews)