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Hungary Takes the Lead in Film Production with €11 Million Virtual Studio Investment

Budapest Reporter by Budapest Reporter
2023-02-10
in industry, Other
Reading Time: 2 mins read
Hungary Takes the Lead in Film Production with €11 Million Virtual Studio Investment

Hungary Takes the Lead in Film Production with €11 Million Virtual Studio Investment

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Hungary’s largest virtual film studio is being built by the Visual Europe Group Hungary with an €11 million investment, set to be completed in 2024.

Virtual film studios are becoming increasingly popular as a new and modern solution for global film production. The Visual Europe Group Hungary is investing €11 million to build the largest virtual film studio in Central and Eastern Europe in Fót, Hungary, with plans for it to be completed in the first quarter of 2024. The new virtual studio will have hundreds of square meters of LED walls and state-of-the-art camera and lighting systems, film, broadcasting, and media solutions.

virtual production, fót, visual europe group hungary, hungary, filmmaking, investment
Credit: IMDb

Virtual studios offer many advantages over traditional film studios. The background of the scene is not a real set but instead images created by LED walls that can depict any environment in a photo-realistic 3D format. This reduces the travel and transport costs and ecological footprint of productions, as well as makes filming easier as actors can see the virtual environment they are acting in. Additionally, filming does not need to adapt to weather conditions or time of day, as environmental effects can be simulated in the background.

Currently, there are only three small virtual studios in Hungary with waiting lists of several years, and ten studios in Europe, the nearest being in Poland. The new virtual studio in Hungary will provide a solution for the increasing demand for virtual studio technology.

virtual production, fót, visual europe group hungary, hungary, filmmaking, investment
Credit: IMDb

Virtual Studio Technology

Virtual studio technology is constantly improving, with advancements in smart cameras, real-time synchronization, and improved graphics performance. These improvements are enabling virtual studios to be used in a growing number of areas, including film and television, live events, and gaming.

Investment in Hungary

Investment in the virtual studio in Hungary could further strengthen the country’s role in the global film industry. Budapest has become Europe‘s second-largest film production base after London, with the Hungarian film industry’s revenue exceeding HUF 250 billion in 2022. The Visual Europe Group Hungary, with more than 15 years of experience in the design, construction, maintenance, and operation of audiovisual technical systems, is well-equipped to lead the way in virtual studio technology.

 

Tags: Filmmakingfóthungaryinvestmentvirtual productionvisual europe group hungary

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