Rambo producer to build Budapest studio

Hollywood producer Andy Vajna and Hungarian construction mogul Sandor Demjan today announced plans to build the world’s largest sound stage and a new film studio on a former army base outside Budapest.

The €149.9m studio, set to be completed by the end of 2005, will be built in the village of Etyek and will comprise seven sound stages, including a ”super stage” of more than 65,000 square feet with a huge water tank.

The studio will be named after Alexander Korda, a Hungarian-born filmmaker who in 1942 became the first member of the British film industry to receive a knighthood.

Vajna, producer of Sylvester Stallone’s (pictured) Rambo films and of Terminator 3, said Hungary’s recently approved tax breaks for the film industry and the country’s well-trained film crews were behind the plan to build the studio.