Russian Cinema: An Economic Overview

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It certainly appeared that 2008 was a record-breaking year for the Russian film industry. Awash with money from the commodity boom, co-producers and individual investors alike were willing and able to finance local, Russian-language productions, and distributors could rely on revenue streams from television and DVD sales to support their business models. By year end, Russia and the Confederation of Independent States (CIS) had generated a staggering 830 million US-Dollar in box office receipts, an increase of 47 percent from 2007’s box office and well in excess of the already heady 25 to 30 percent annual growth of preceding years.

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