Monday, 20 October 2014

Farabi Cinema Foundation (Industry)

Founded in 1983. Responsible for distribution of new Iranian films. It facilitates production loans, provided by banks, for new features made by the private sector.

Farabi consolidated the acquisition of production equipment and raw material that were difficult to access other than through the black market, particularly once the US sanctions against Iran fell into place in the early 1980s. Soon after its institution, Farabi took over the confiscated Misaghieh Studio (one of the prominent production studios that financed and produced a number of New Wave films of the 1970s), refurbished its site and equipment, and supplemented its post-production and storage facilities.

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