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Eduard Anatolyevich Pichugin

Eduard A. Pichugin, the general director of Lenfilm Studios.
He is a board member of the Union of Cinematographers in Russian Federation; President of "Kinoalliance", the National Association of the Cinema Professional Organizations; the board member of the Producers Guild of Russian Federation. He has been engaged in promoting movie presentations and building cinema theaters since 1999. He holds a degree as a Candidate of Economic Sciences, wrote and defended the thesis on “Cash Flow Management in the Cinema Industry” within the framework of his major – “Finance and Credit”. He is a founder of the federal movie theater chains "Kronverk Cinema" and "KINO CITY".

News

The KINO CITY Group of Companies and Vneshekonombank sign a memorandum of cooperation on the KINOCLUB Project, namely, on creating a network of regional cinema clubs

17/06/2011

Our company and Vneshekonombank signed a memorandum on implementing the investment project KINOCLUB: Culture, Education, and Communication in Saint Petersburg on June 17, 2011. This project, initiated by the All-Russian political party Yedynaya Rossiya to implement the resolutions of the Government Council for the Development of Domestic Cinematography, approved on February 2, 2011, envisages creating a network of regional film clubs in cities with populations totaling at least 500 thousand people. Then, the Government Council on Cinematography charged Vneshekonombankto to work out the support mechanisms for the KINOCLUB Project.

We suggested that Vneshekonombank should found KINO CITY OJSC, which will be responsible for financing the construction of State cinema clubs. Approximately 200 clubs have been planned to open by 2014, and their construction will require about 30 billion rubles. In addition, Vneshekonombank was asked to extend a credit line to build these film clubs, which would be managed by Kino City Management LLC. The project will consist in building 53 of these clubs at a total cost amounting to 9.8 billion rubles.

At present, Vneshekonombank is conducting an evaluation of the KINOCLUB Project. If the results are positive, the project will be submitted for examination by the Supervisory Council by the end of the summer.

Financial support for the development of the KINOCLUB Project is a practical decision concerning equal access to civilized film presentations for the country’s population, especially for people residing in small cities. By signing the memorandum on cooperation with Vneshekonombank, the State showed that it was ready to finance projects with long-term payback periods.

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