Will Russia's film boom survive the credit crunch'
In recent years, the Russian film industry has been remarkably robust. The 78 Russian films released in 2008 enjoyed a 22% share of the $830m CIS gross (excluding Ukraine), according to local analysts Nevafilm. Russian box office grosses alone came to $548.1m (rub19.9bn). State funding for production increased to $88.5m (rub2.6bn) in 2007, the last year for which figures are available, and 2008 saw a 20% growth in the number of screens in Russia, as ticket prices also increased.
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