Central Partnership boosts revenue

Russian company takes $156 million

Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007.

Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006.

Aggressive activity in its core business areas since last year’s reorganization, which split the company into targeted units, pushed it well beyond 2006 results, when revenue reached $107 million.

Television content sales, which in 2006 accounted for 72% of revenue, although down last year remained the key revenue stream, accounting for 61% of revenue in 2007, figures released by the company show.

Theatrical sales, at 26%, were up on the 20% achieved in 2006. Homevideo and other sales made up 13% of revenues in 2007.

Steady growth in its theatrical business — where it combines sales and distribution of its own productions with Hollywood and other international fare — boosted its share of Russia’s profitable exhibition sector.

Riding a wave of box office hits that included Nikolai Lebedev’s fantasy epic “Wolfhound,” which took $20 million domestically, the company moved up to third top grossing distributor, with box office receipts of $85 million, giving it a 15% market share, behind UPI ($96 million, 17% market share) and Caro Premier ($92.5 million, 16%) .

Armen Dishdishian, executive VP international for Central Partnership, said, “We are now the top independent distributor as unlike some others we do not have a Hollywood studio behind us.”

More Film

  • Wong Kar-wai

    Wong Kar-wai Honored in Lyon, Talks Early Influences, Bruce Lee, Hong Kong Handover and Bigger Canvas for ‘Grandmaster’

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • 'Same Kind of Different as Me'

    Film Review: 'Same Kind of Different as Me'

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • Busan: Korea’s 'After My Death,' Iran’s

    Busan: Korea’s 'After My Death,' Iran’s 'Blockage' Win Competition

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • Progression Image 3 of 3: Final

    Film Review: Pixar's 'Coco'

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • Oliver Sacks Documentary

    Film News Roundup: Paul Allen's Vulcan Productions Backs Oliver Sacks Documentary

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • The Disaster Artist

    AFI Fest Adds Galas for 'Call Me by Your Name,' 'Disaster Artist,' 'Hostiles'

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    Central Partnership, one of Russia’s leading independent production, sales and distribution companies, increased its revenue by 46% to $156 million in 2007. Overall earnings before tax and other deductions were $49 million, up 20% from $41 million in 2006. Aggressive activity in its core business areas since last year’s reorganization, which split the company into […]

More From Our Brands

Access exclusive content