The Danish Ministry of Culture has decided to sell off The Danish FilmStudio, which is situated in the northern rim of Copenhagen.

The studio has been in the red since 1997, with the Danish FilmInstitute covering the loss every year.

The state originally bought the former ASA-studio back in 1972 in orderto keep film production on the site, and it aims for a potential buyer to sothe same.

The sale has been expected for some time, as other plans to revive theStudio's income have failed.

Deadline for offers ends on June 24 and hopes are that the sale will beconcluded before the end of the year.

Among the production companies presently renting offices at the studioare M&M Productions, Regner Grasten, Magic Hour Film and Crone Film.