13/12/2002 - Midnight Transfer invests in Prague Studios. "In two years we'll create a post-production digital and audio mall"

The UK post-production house Midnight Transfer has taken a minority stake in Prague Studios to help the Czech filming house develop post-production activities. No details were unveiled regarding the amount injected by the British company, based in London’s Soho area and Twickenham Film Studios, but Tomas Krejci, owner of Prague Studios with Howard Woffinder, said that this alliance would create a “post-production digital and audio mall”. The ambitious development project is scheduled to last two years, with the new post-production activities set to be operational in early 2004.
Prague Studios is situated about 20 minutes from the centre of the Czech capital and is built on a former aircraft manufacturing plant.
The first major international feature film that was shot there in the Summer 2000 was New Line’s $55m vampire thriller Blade 2, Bloodlust directed by Guillermo del Toro. Early this year, part of the action film XXX with Vin Diesel was shot at Prague Studios to take advantage of the low production costs in the Czech Republic said to be 40% cheaper than in London or Los Angeles.