Monumental Vision

History

2021: MTS bought 25% Monumental Vision

In early December 2021, it became known about the sale of 25% of the Monumental Vision film studio to MTS. The financial terms of the transaction are not disclosed. The representative of the telecom operator in a conversation with Kommersant only said that MTS acquired a share at face value and will issue a loan to finance the operating activities of Monumental Vision.

The operator seeks to make money on content and tries different investment models. MTS is already working in the content direction. We are talking about the Kion platform, the launch of which occurred in April 2021. It is engaged in the development not only of its own production, but also collaborates with Channel One.

MTS bought 25% of the film studio for the production of films and TV shows Monumental Vision

MTS noted that Monumental Vision will produce content to the foreign market. The platform, in turn, itself will decide on the premiere show. To do this, Kion will analyze the current content demand.

By the beginning of December 2021 in the portfolio of Monumental Vision 10 − 15 film and series projects at different stages. Their budgets start at $2 million. Filming of the first project with the support of MTS will be announced in early 2022.

Earlier, MTS Media launched a direct investment program in cinema. As part of the co-investment program, the company will consider applications for financing paintings of any genre.

The production of the film should be in the preparatory, shooting or post-production period. The amount of funding requested can be no more than 50% of the budget of the picture. The applicant at the time of submission of the application must confirm the availability of funds to cover the remaining part of the production budget not financed by MTS Media.

In addition to MTS, the company's rival in the telecom, MegaFon"," also invests in the series: he acquired 50% in a group of companies Start that manages the online platform of the same name and produces content for it.^[1]

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