State Lotteries Offer Promise of New Funding for Russian Filmmakers

on June 28, 2013

Russian filmmakers might get lucky finding new state-supported financing for their projects. Culture minister Vladimir Medisnky has gotten the go-ahead to establish five new lotteries with the prupose of raising $120 million annually over the next five years. The funds would benefit film, arts, libraries, tourism and youth programs. The Hollywood Reporter presented this news, citing a report from Russian business publication Kommersant.

The announcement comes shortly after Russia's move to outlaw private lotteries, leaving a clear path for the state to benefit from the contests. This system would, in theory, mimic a similar lottery funding program already in effect in the United Kingdom.

 

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