First Croatian Film Studio Worth Half a Billion Kuna on Horizon

Lauren Simmonds

As Novac/Bernard Ivezic writes on the 31st of October, 2020, in the next two years, the very first Croatian film studio should come to fruition. On Thursday, the umbrella state film organisation HAVC presented an initiative according to which the construction of the first Croatian film studio would begin by the summer of next year, and it claims that the facility would be operational by the year 2022.

It’s important to highlight that while there was a silm studio in the former state, this will be the very first one in modern, independent Croatia. The Jadran film studio in Zagreb existed in Yugoslavia, but it eventually failed. The brand new Croatian film studio would have four to six halls with filming sets, offices for those in the film industry, a workshop space, a cloakroom, ancillary facilities and a car park, and would cover 2,400 to 2,800 square metres in total.

Chris Marcich, the director of HAVC, says the investment would be worth about half a billion kuna (60m and 80m euros) and would not be funded by the state.

“Interest in this investment has been shown by private investors from Europe, some of whom have already contacted some local governmental units about potential locations, of which there are currently several, and they believe that this investment is profitable,” says Marcich.

While he did not want to talk about these would-be investors in any specific manner, he pointed out that the first users are far from lacking, with names like the giant Netflix even coming into the brewing story. Jonathan Olsberg, CEO of Olsberg, which conducted the Feasibility Study for the project of a new studio complex in Croatia, says that we shouldn’t waste time because all countries in Croatia’s immediate region have the potential for such a studio, and this is clearly an excellent chance to get ahead.

Marcich says that while the state would not be an investor in the new Croatian film studio, the Croatian Gvernment should absolutely make its supports for the project clear so that investors can count on being able to withdraw EU funds in regard to it..

“For every kuna invested in the film industry, more than 11 kuna is returned to Croatia, and the mere fact that ‘Game of Thrones’ was filmed in Dubrovnik brought tourism two to three billion kuna in annual revenue,” concluded Marcich.

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