Actress Yulia Menshova has stepped in to close the Genre Film Studio, a company once led by her late father, director Vladimir Menshov, who is best known for the film Moscow Does Not Believe in Tears. Life reported the development, noting that the decision followed a series of financial losses for the studio. In 2021, Genre Film Studio LLC posted a net loss, totaling 1.5 million rubles, a figure that contributed to the decision to liquidate the business. The Unified State Register of Legal Entities confirms that Menshov’s company was wound up on February 27, 2023, marking the end of an era in which the studio had been a cultural touchstone for several years.
Vladimir Menshov founded the studio in 1994, and after his death, ownership remained split, with a portion of the business allocated to his widow, Vera Alentova, and to Yulia Menshova. With the loss of profitability and ongoing financial pressures, Yulia Menshova chose to close the studio founded by her father, effectively ending a chapter in the family’s artistic legacy.
In related cultural business news at the end of October, Anita Tsoi Gallery reported annual earnings exceeding seven million rubles. The gallery positions itself as a platform for artists and designers to present their work, organizing cultural events and exhibitions that contribute to the creative economy. In the same period, LLC Master, operating under the name Gallery Master, reported income of 7.1 million rubles. Anita Tsoi serves as the founder and CEO of the gallery, underscoring her prominent role in leading contemporary art initiatives.
Earlier reports noted that Alla Pugacheva had returned to Russia, a development that often reverberates through the country’s cultural and media circles due to her influence and long-standing involvement in the arts. These updates illustrate how individual creators and their business ventures continue to shape the broader landscape of Russian cinema and visual arts, even as specific studios and galleries adjust to shifting markets and audience expectations.