Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Comedy Film Studios Laughing All the Way to the Bank

The number of film studios eligible to apply for state financing from Fond Kino has been increased from 11 to 13 with places granted purely based on viewing figures, a news report said Monday.

Strela and Enjoy Movies are the latest additions to  list, having enjoyed success at the box office last year, pulling in 5 million and 7 million viewers respectively, with titles like "Mothers" and "Karlson," Kommersant reported.

The two studios are now able to apply for a share of 1.5 billion rubles ($46 million) in subsidies from Fond Kino, even though they didn't receive a single point on the Professional Grade of Films system, which appraises films based on the awards nominations they receive.

In April 2012, then-Fond Kino director Sergei Tolstikov justified increasing funding for studios that make low-brow comedies, saying that viewers pay their own money and if they like films such as 'Mothers' and 'Karlson,' then studios need to continue making them.

A further subsidy of 400 million rubles has been made available to film studios that have not made this years list. Meanwhile, 850 million rubles in standard loans and 150 million in loans, repayable in proportion to eventual profit, have been made available to other studios.

State funding of film studios had been described as ineffective by former Deputy Prime Minister Vladislav Surkov. In 2010-2011, studios were required to return 5 percent of their income to Kino Fond, but last year financing increased by 25 percent.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more