News

👀 Holiday box office falls short of records

👀 Holiday box office falls short of records

The 2026 May holidays failed to deliver the box office breakthrough that Russian cinemas had hoped for. According to the Cinema Fund’s Unified Federal Automated Information System (UAIS), total revenues for the period from April 30 to May 11 amounted to just over 1 billion rubles (536.4 million rubles during the first wave of holidays and 530.6 million rubles during the second).

📈 Rostelecom’s Media Business Grows by 18%

📈 Rostelecom’s Media Business Grows by 18%

Rostelecom has released its IFRS financial results for the first quarter of 2026. Against the backdrop of a 10% increase in total group revenue (to 208.9 billion rubles) and a 10% rise in net profit (to 7.4 billion rubles), the company’s media business emerged as a significant growth driver.

🎥 Gosfilmofond to launch unified digital "Super-Platform"

Gosfilmofond of Russia is set to consolidate its fragmented web resources into a single Unified Technological Online Platform (UTOP). A budget of 242.5 million rubles has been allocated for the development of this large-scale system, with auction bids accepted through May 18.

🎦 Family Drama Surges to Top of China’s Box Office

The Chinese theatrical market has entered its traditional post-holiday lull following the frantic “Golden Week” period. Over the past weekend, a poignant family drama claimed the top spot in the charts, edging out high-stakes thrillers and Hollywood franchises.

👁 Interest in American TV Series Hits Record High in Russia

In April 2026, Russian viewers demonstrated a sharp resurgence of interest in U.S.-produced content. According to the “Kinopoisk Pro Index,” the share of audience attention directed toward American projects increased 1.5 times year-on-year, reaching 34%.

📨 Global Stars Demand Protection for European Cinema

More than 4,700 film industry professionals—including titans such as Francis Ford Coppola, Juliette Binoche, Sandra Hüller, and Stellan Skarsgård—have signed an open letter addressed to European Union leadership.

🗺 Netflix Contributes $325 Billion to the Global Economy

Over the past decade, Netflix has evolved from a simple streaming service into a powerful engine for the global economy. According to a report released by the company, its contribution to global GDP has surpassed $325 billion, with its investments creating over 425,000 jobs across 50 countries.

🎬 "Buratino" Heads to Cannes

Art Pictures Distribution (part of National Media Group, or NMG) has announced its participation in the Marché du Film, set to take place in Cannes from May 12 to 20, 2026. The Russian distributor is bringing a slate of flagship projects to the French Riviera, specifically tailored for a global audience.