The studio company was founded on 16 April 1923 as a production unit of the Soviet State Cinema Organization, with Daniel Dznuni as the first director.

[1] Armenfilm was sold by the state to private investors in 2005 with a long list of conditions to revitalize the studio's equipment and produce new content.

In 2015, the Government of Armenia decided that the new management had failed to satisfy the conditions of the sale and moved to reclaim the studio's assets.

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