Legal Aspects of Joint Film Production in the New Realities

In 2022, ‘unfriendly countries’ generated more than 60% of export proceeds from the licensing of Russian films. With the introduction of sanctions against Russia, Hollywood film companies leaving the Russian market, and a reduction in the number of cinemas in the country, financial planning in the film industry is becoming increasingly unpredictable. Given the withdrawal of foreign partners from projects, the refusal of private investors, including Russian ones, to finance films, and an increase in film production costs, Russia needs to cooperate with new markets in the film industry and transition from content distribution to the implementation of co-production film projects. What legal aspects of co-production are the most important today? What are some of the distinctive features of legal regulation in new markets for the Russian film industry? What challenges does the film business face when making films with international co-production? How can improvements to legislation concerning international activities facilitate the development of the film industry in the new realities?