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Karo-Film UK

Company

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Owners:
VTB

Content

Revenue and Net Profit millions Ths. rub

Number of employees
2017 year
300

Owners

Federal Cinema Network with 24 cinemas (110 halls). In addition to the Criminal Code, the Karo-Film network includes:

  • film rental company "Karo-rental,"
  • exclusive distributor of Warner Bros. and New Line Cinema films "Caro Premier" and
  • advertising agency "Kino Media."

Performance indicators

2022: 41.8% decrease in revenue

The revenue of the KARO network decreased in 2022 by 41.8% - to 2.2 billion rubles, and the net loss amounted to 1.3 billion rubles against 9.4 million rubles a year earlier. Read more here.

History

2021: VTB receives 100% of the company as a loan pledge

In November 2021, it became known that VTB could pick up the second largest Karo cinema network in Russia from the UFG and Paul Het Foundation for debts. In August, the bank received 100% of the company on loan.

Cinemas are losing customers. In 2020, fees throughout the country fell by 59%, to 22.8 billion rubles. Revenue "Karo Film Management" decreased by 59%, to 2.16 billion rubles, the company received a loss of 402 million rubles.