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

  • Blade Runner 2049

    Oscars: 'The Last Jedi,' 'Blade Runner 2049' and More Advance in VFX Race

    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 […]

  • Eliza Hittman Penny Lane

    Eliza Hittman, Penny Lane Snag Rooftop Films Grants (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 […]

  • Ashleigh Cummings6th Annual Australians in Film

    Ashleigh Cummings Joins Warner Bros.' 'The Goldfinch' Adaptation (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 […]

  • Alamo Drafthouse Launching Video Rental Store

    Alamo Drafthouse Launching Video Rental Store in 2018 (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 […]

  • No Merchandising. Editorial Use Only. No

    Box Office: Fathom Events Sees Soaring 2017 Performance (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 […]

  • The CastPoveri ma ricchissimi movie photocall,

    Italian Moviegoers Shrug Off Sexual Misconduct Allegations Against Director Fausto Brizzi

    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