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Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) announced the purchase of an 80% interest in two Bulgarian television channels, TV2 and Ring TV, for $172 million (110 million Euros).

Sweden's Modern Times Group, MTG (STO: MTGA, MTGB), announced the purchase of Bulgarian commercial channel Nova TV for 620 million Euros.

Rain of the Children, an intimate docufiction directed by Vincent Ward, the famous filmmaker from New Zealand, has won the Grand Prix at the eight International ERA NEW HORIZONS Film Festival in Wroclaw, Poland.

The Czech government decided on July 23 to construct a new building to house the Czech National Film Archive (NFA). Construction could begin as late as 2013.

Bulgarian films have received a total of over 5.4 million Euros in support from the Bulgarian National Film Center (www.nfc.bg).

The $4.5 million (€2.8 million) Bulgarian Unified Film Organization (BUFO) production of The Hills Run Red wrapped filming in Sofia and surrounding areas in early July.

HIT Entertainment and Chellomedia's pre-school channel JimJam will launch in Bulgaria in July. The channel is first launched internationally seven months ago, and has a Central and East European feed.

Malta film distributors and cinemas are luring viewers back into the movie theatres over the summer. For the 13th time, RS Film Distributors are sponsoring National Cinema Day on July 5.

The 16th edition of Artfilm opens June 27 in Trencianske Teplice, Slovakia, with a trio of awards to some of the most significant contributers to European and world cinema.

The sixth International Short Film Festival takes place in the Black Sea town of Balchik June 23-30. The competitive programme consists of 185 short films from 72 countries.