Russian World Studios starts animation arm

First project will be fairy tale-based 'Konyok Gorbunok'

SOCHI, Russia -- Russian World Studios, a film company controlled by the Sistema Group, has opened a division that will be focused on animated films.

The first project from the startup division will be a full-length animated film based on the Russian fairy tale "Konyok Gorbunok." The production of the film is expected to begin in the second half of 2008.

Founded in 1998, Russian World Studios has offices in Los Angeles, London, Luxembourg and Hong Kong and operates as both a production company and studio services provider.