Solar Studios will take over the space and facilities previously housed under the Kantauros Studios, which was acquired by Savulescu, banner.
SEG is the film-focused business created by financier and filmmaker Bobby Paunescu and Jared Underwood, a former executive at film finance group Comerica.
The new Studio facility will service the production of film, TV and commercials. Solar said that the Bucharest-based Studio will be the “most complete, full service studio in Eastern Europe and one of the leading studio enterprises in all of Europe.”
Veteran producer Viorel Sergovici has been hired to run the day-to-day operations of Solar Studios.