P&P advises JV of Hollywood and local investors on the largest Media and Entertainment transaction over the last 5 years

POP & PARTNERS advises a group of prominent Romanian and Hollywood investors in connection with the acquisition of one of the largest movie studio in South East Europe from Central European Media Enterprises (CME).


Producer and one of the new investors in Media Pro Studios Bobby Paunescu announced a new management team for the studios, which is rebranded as Bucharest Film Studios. The studio includes 19 sound stages, a 110-acre backlot, and one of the largest water tanks in Europe and it hopes to contribute an estimated Euros 200 million ($226 million) a year in production spend to Romania’s GDP.


Romanian filmmaker Cristian Mungiu commented: “The relaunch of Bucharest Studios combined with the new cinema law can ensure the whole industry will benefit from lower production costs while keeping highly skilled crews. I believe we showed with our films that Romania is a country where good quality cinema could be produced and I hope to see more foreign productions coming to shoot in Romania in the following years.”