Industry Film Products Motion pictures Founded 15 July 1946 | Area served Worldwide Headquarters Belgrade | |
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Key people Ranko Petrić (chairman) Total assets 105,000,000 Euro (2011 estimate) | ||
Avala Film (Serbian Cyrillic: Aвала филм) is a Serbian film studio, founded in 1946 as the first studio founded in post-war Yugoslavia. It is currently declared bankrupt.
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Avala film rts
Overview
In June 1946, the government of the Socialist Federal Republic of Yugoslavia created the State Committee of Cinematography, in order to replace the provisional Film Enterprise of the SFRY. The Committee set out to establish film production companies in the various constituent states of Yugoslavia: the first and the largest of those was Avala Film, in the Socialist Republic of Serbia's capital Belgrade, which was founded on 15 July. The company was located in the future complex of Filmski Grad, which the Committee had only begun planning.
In 1947, Avala Film produced the first feature film made in postwar Yugoslavia, Vjekoslav Afrić's Slavica. Until 2000, the studio participated in the creation of 400 documentaries, 200 feature films and 120 co-productions with foreign companies; its pictures won more than 200 awards in various festivals.
After the Breakup of Yugoslavia, the studio was partially privatized and 51% of its shares were sold to a company called Yugoexport, while the rest were retained by Avala Film's management. Since the mid-1990, it has produced few films, and its last one - Shadows of Memories - was released in 2000. The studio is facing financial troubles, and was threatened with liquidation after Yugoexport was declared bankrupt. Since 2005, plans to fully privatize it were proposed, but not carried out. In June 2011, the studio was announced to be bankrupt, after accumulating a debt of 111,000,000 Serbian dinar. In early 2012, the Serbian government announced plans to revitalize Avala Film. but assistance never materialized. The company's real estate, film rights, costumes, props and studios were scheduled to be sold-off in spring 2013.