Russian General Staff: Nearly all low-orbit satellites within reach of US missile defenseMilitary & Defense March 28, 15:09
New Russian spacecraft designed for lunar missions to be run by fail-safe computerScience & Space March 28, 14:56
Putin hails Iran as Russia’s reliable and stable partnerRussian Politics & Diplomacy March 28, 14:17
Military expert warns US ABMs can detect any missile shield, even Russian onesMilitary & Defense March 28, 14:02
Scientists create modified fullerene capable of fighting HIVScience & Space March 28, 13:47
Kremlin notes Russian bank's contacts with Trump's son-in-law 'usual business practice'Business & Economy March 28, 13:28
Kremlin spokesman slams reports of his ‘secret visit’ to Lugansk as ‘fake news’Russian Politics & Diplomacy March 28, 13:19
Russia's Rosneft disappointed by EU Court’s decision on sanctions agains companyBusiness & Economy March 28, 13:10
Kremlin: Attacks on Russian business in Ukraine show country’s 'zero investor confidence'Business & Economy March 28, 13:05
MOSCOW, January 23. /TASS/. In 2016, Russia’s movie industry raked in roughly 8.6 bln rubles (roughly $144.5 mln) setting a new record, Culture Minister Vladimir Medinsky said at a TASS press conference dedicated to the outcome of the Year of Russian Cinema.
"Last year, Russian movies’ share in the theatrical distribution hit 18.5%, which is a significant rise," the minister noted. "However, the main thing is that the total box office revenue increased to 8.6 bln rubles which is a record high for Russia’s new cinema, not seen since the 1990s." According to Medinsky, compared with the previous year, box office revenues grew by more than one billion rubles (roughly $16.8 mln). "This is a real breakthrough," the culture minister added.
At the same time, in Medinsky’s words, filmmaking "has stepped outside of Moscow and St. Petersburg." Now, movies are made in 25 regions of Russia. Besides that, in two regions, moviemakers have a chance to take advantage of the state-sponsored subsidies to reimburse costs spent on production.
"We hope, other regions will adopt this mechanism, too," the minister resumed. In addition, Russian movies "have strengthened their position on the Chinese market", the number of Russian movies released internationally has grown.
Medinsky pointed out that during the Year of the Russian Cinema, a program aimed at promoting movies in small towns had been actively instituted. "Nearly 1,000 new cinemas will be set up in Russia by the end of 2018," the minister pledged.