CEO: Internet institute to spend 1 bln rbl on video games in 2022 - Consumer Goods & Retail - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CEO: Internet institute to spend 1 bln rbl on video games in 2022

ST. PETERSBURG, Jun 16 (PRIME) -- RussiaТs Internet Development Institute will allocate at least 1 billion rubles to support video games in 2022 and will spend no less than half of its 15 billion ruble budget on creation of series, General Director Alexei Goreslavsky said late on Wednesday.

УWhile the process of production of series and films is more or less clear, more or less described, there are many nuances and special features in game development, which forced us to study the matter in detail. Now we are ready to offer the market a clear plan of interaction,Ф Goreslavsky said.

The money for the games will be provided at co-financing terms. УIt is not just that we give 100%. We finance part of development with understanding of market mechanisms, with understanding, a hope, and a prospect of the launch of these projects on the Eastern markets,Ф he said.

The instituteТs total budget amounted to 10 billion rubles in 2021 and 15 billion rubles in 2022, at least a half of which will be spent on production of series, Goreslavsky said.

(56.6624 rubles Ц U.S. $1)

End

16.06.2022 09:24
 
 
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