Russia Privatizes Iconic Soviet Animation Studio Soyuzmultfilm
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Russia Privatizes Iconic Soviet Animation Studio Soyuzmultfilm
Soyuzmultfilm has been on the Russian government’s list of state-owned companies since 2009. The company is expected to make $13.5 million from the sale of its rights to classic Soviet-era films, including “Cheburashka’ and “Nu, Nu”
The sale is reportedly expected to generate an additional 1.12 billion rubles ($13.5 million) in revenue, in line with the government’s plans to increase income from the sale of state assets.
Soyuzmultfilm confirmed the privatization but declined to disclose further details, citing its “limited access” and “non-public” status.
Neither the buyer nor the sale price was revealed.
Industry experts told RBC they estimate Soyuzmultfilm’s value, including the rights to the studio’s extensive library of classic animated films, at up to 1.3 billion rubles ($15.7 million).
Soyuzmultfilm, which owns the rights to a “golden collection” of more than 150 classic Soviet cartoons like “Cheburashka” and “Nu, Pogodi,” has been on the Russian government’s privatization list since 2009.