Russian gov't takes over state film libraries

Expecting $6 mil per year for rights exploitation

MOSCOW -- The Russian government is taking over the film libraries of the nation's state-run film studios -- with the exception of Mosfilm -- forming a centralized collection of 7,200 features, documentaries and animated films.

Films for the new collection will primarily come from St. Petersburg-based Lenfilm, the animation studio Soyuzmultfilm and Moscow's Gorky Studio.

The government plans to manage rights for the collection by itself, expecting to pick up $5 million-$6 million a year. Currently, the rights to the studios' collections are rented out to private companies.