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Russia's Famed Soyuzmultfilm on Last Legs

Variety reports that the famed Russian state animation studio Soyuzmultfilm has written an open letter to Russia's prime minister Vladimir Putin requesting funds in order to survive.

Variety reports that the famed Russian state animation studio Soyuzmultfilm has written an open letter to Russia's prime minister Vladimir Putin requesting funds in order to survive. The studio needs $10 million over the next eight years in order to modernize. Putin has promised to investigate the situation.

The Russian state have funded up to 70% of the budgets for 20 animated films over the past eight years. However, the total amount of investment has dropped from $10 million to $7 million in the past few years.

An example of the success of Russian animated features is Nashe Knio's HOW NOT TO RESCUE A PRINCESS, which has grossed $20 million this summer domestically. That puts it around the same level as international hit KUNG FU PANDA 2, which earned $29 million in Russia.

Soyuzmultfilm is best known for producing such films as THE SNOW QUEEN, THE GOLDEN ANTELOPE and THE ADVENTURES OF BURATINO.

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