Russian Production Company Slovo Goes Bankrupt
Its biggest release was 2005's "9th Company" by Fyodor Bondarchuk.
MOSCOW -- The Russian production company Slovo, mostly known for Fyodor Bondarchuk’s 2005 box office champion 9 Rota (9th Company), is going bankrupt.
Moscow’s arbitration court has placed the company under the bankruptcy management, the court information agency RAPSI reported. The company has been under scrutiny since April 2011 and has accumulated about 126 million rubles ($3.9 million) in outstanding debts. The company hasn’t conducted any operations since the summer of 2011, the court said.
However, Slovo owns a catalog of more than 30 movies, which the company has produced. Slovo wasn’t available for comment on Tuesday, and its website was down.
Slovo was found in 1992 and first came to the limelight in the mid-1990s when it produced the three-part franchise Lyubit Po-Russky (To Love In Russian Style). The company had its heyday in the mid-2000s. Back then, it produced Dmitry Meskhiyev’s Svoi (Ours), the winner of the main prize at the 2004 Moscow International Film Festival, and 9th Company.
In the subsequent years, the company was stepping down its activities. Its last production was the 2011 movie Bely Pesok (White Sand), directed by Murad Aliyev and Andres Puustumaa. The move never had a theatrical release, according to the Russian movie database KinoPoisk.