State Funds Will Require Producers to Account for 13.2% of Admissions in 2013

on April 30, 2013

Producers are going to have to get their movies seen if they want to continue receiving state funds next year. The Hollywood Reporter reveals that the Russian government will require the country's top 10 production companies to account for at least 13.2% of admissions this year if they want to continue receiving state funds.

Russia changed its state funding system for cinema projects in 2010, when it decided to award most of its cash to production companies instead of individual projects. Companies will have quite a bit of catching up to do if they want to meet the number this year. In 2012 the "big 10" companies only accounted for 6.8% of admissions.  

Read the full article from The Hollywood Reporter here.

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