In 2024, the budget of the Cinema Fund will reach 9.4 billion rubles, which is 1.5 times higher than last year. This will increase the number of projects that can attract a wide audience, said Vladimir Tolstoy, Advisor to the President of Culture of the Russian Federation and Chairman of the Board of Directors of the Cinema Fund, in an interview. TASS.
He had previously stated that the budget of the Cinema Fund in 2023 is approximately 6 billion rubles.
“This year, 9.4 billion rubles will be allocated to the Cinema Fund. These tools are truly empowering. The measures taken and the increase in funds provided by the president have already yielded results. We are seeing absolute records even in the first quarter of this year. Not just one movie like “Cheburashka”, but five movies with grosses over one billion rubles. We know what else will be published in March and April, and in general this result was predictable,” Tolstoy emphasized.
The Presidential advisor stated that the Cinema Fund is taking action to protect a greater number of future film projects starting in 2023. This year, the foundation plans to hold its first pitch sessions for leading filmmakers and other organizations in April.
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