The parties have concluded an exclusive distribution agreement that covers the former USSR countries, excluding Ukraine and the Baltic states, and becomes effective January 2009.
 

Ruben Dishdishyan, president and CEO of Central Partnership — which last year was the top indie distributor in Russia and ranked in the top three overall with theatrical takings of $85 million giving it just over 15% of the total Russian box office, called the Paramount deal a “key milestone” in the company’s history.

“This is a step change for Paramount in one of the fastest growing and most exciting markets internationally. Central Partnership has positioned itself as one of the most impressive players locally in both distribution and production. We are very proud to be associated with them and look forward to continuing to grow and expand Paramount’s presence in Russia,” Paramount Pictures Intl. prexy Andrew Cripps said in a statement.