Hungarian Film Week, the country's most important film festival, has not been canceled as reported by industry journal Variety, Éva Vezér, general manager of Magyar Filmunió, told MTI on Friday. Variety reported on Thursday that the event had been canceled for 2011 because of a lack of funding, citing an email from Vezér.
She told MTI on Friday that Hungarian Film Week would not take place in February, when it usually does, but at the end of April. Foreign guests will not be invited because they will be busy preparing for Cannes. Magyar Filmunió tried to organize a smaller festival exclusively for foreign guests during the usual time in February, but funding fell short, Vezér said.
Hungary's film industry was worth HUF 48.5 billion in 2009, Econews reported earlier. Hungarian films generated HUF 13.1 billion of the total, co-productions brought in HUF 20.1 billion and contract work for foreign productions was worth HUF 15.2 billion. (MTI-Econews)