Huawei and Russia SMM group set up film production fund

May 17 Morning News, according to Russian media reports, the Russian mass media Systems Company Group (Sistema MASS-MEDIA-SMM) and Huawei set up an annual investment amounted to 50 million U.S. dollars film production fund.　　The fund's first projects will be films on Soviet and Chinese pilots, documentaries on Mao Zedong and Deng Xiaoping, and large fairytale films. SMM president Andre Smirnov and Huawei Company CIS Regional Representative Office Vice President Stanislav Rodionov announced the establishment of the Joint Film Production Fund.　　Smirnov said that the fund will be completed within two months of the legal process, the next three years, the fund plans to attract 50 million dollars a year. Rodionov says this includes investment by the founders of the Fund, including funds from sponsors. "We, as founders, will get some rights in film screenings," he said. For us, this can positively influence the media content market in Russia and China.　　He said that in the first year of the Fund's operation, it would invest at least 10 projects, which would then reach 20 projects a year. Members of the Fund's oversight committee will include representatives of the Russian Ministry of Culture and the film Fund. Members of the Committee will include China Film Group Corporation, Chinese International Television Corporation (Analysys Television Corporation) and Shanghai Media Group (　　Full-circle Media and entertainment Group), as well as the Russian Russian world UBM, Weitmedia and many other companies.　　The fund's first projects include the 50 Soviet and Chinese pilots of the film "Flying Brigade", the documentary on Mao Zedong and Deng Xiaoping, the early 20th century Chinese intellectuals in Russia documentary, as well as large-scale fairy tale film "A small red flower" and so on. SMM Group is the media asset management company of Russian system Finance AG. The company has Strim television company, Russian world UBM Film company, Maksima advertising company.　　The group earned 87.2 million dollars in 2009. Orieg Ivanov, general manager of Movie, said: "Chinese films rarely enter the Russian screen, they are easy to find on the Internet, and even in Chinese famous movies, there are not many viewers here." "Film Without Borders," said Klebanov, president of the Chinese film market there are censorship, hospital line distribution restrictions. "But if you have Chinese partners, you can get quotas and compete fairly with local films on financing," he said. According to official figures from the Chinese government, the Chinese film market reached $1.5 billion in 2010. According to the Russian Chinapro magazine, in China's top-grossing RussianRoss films include "We Are from the future" (China's 3 million U.S. dollars, Russia's box office 8.2 million dollars, investment 5 million U.S. dollars), "Cipher Clouds" (China's box office 2.2 million, Russia's box office 8 million U.S. dollars, the budget of 15 million U.S. dollars) and the "Bao ' an Angels." The latter in China's box office is even higher than in the Russian box office (2.1 million dollars and 1.3 million dollars respectively). (Chen Hui)