Russia/Media Markets

Reuters: Disney takes over Kremlin in Russian market drive

"A recent report published by PricewaterhouseCoopers said Russia's entertainment and media market is the fastest growing in Europe, surging 27.4 percent last year. That compares to flat growth in most Western developed countries."

"The Russian market including film, video, Internet products, print media, sporting events and theme parks hit $12.45 billion last year, PwC said in a study of global entertainment industry. That is just a fraction of the global $1.3 trillion market but growing fast, driven by the film and advertising industries and fuelled by higher disposable incomes on booming oil prices."