Sistema Mass Media

Sistema boss Evtushenkov faces money laundering charges

Vladimir Evtushenkov, the chairman and majority owner of Russian energy to media conglomerate Sistema has been arrested and charged with money laundering related to the acquisition of Bashneft, the major energy company in the Republic of Bashkorostan. Sistema issued a statement saying that the company’s management believed the acquisition of the Bashkorostan group was legal […]

Profmedia names Khanumyan as new chief

Russian broadcaster and media company Profmedia has named former Sistema Mass Media president Vladimir Khanumyan as its new chief executive. Khanumyan replaces Olga Paskina, who is leaving the company. Gazprom Media agreed to acquire Profmedia – which operates TV channels TV3, Pyatnitsa and 2 x 2, and online service, and which  also formerly held […]

Russia’s Sistema Mass Media appoints president

Russia’s Sistema Mass Media, which counts TV, production and advertising holdings among its assets, has appointed former Sky Link and Rostelecom executive, Gulnara Khasyanova, as its president. Khasyanova, who was appointed by Sistema’s board of directors during a board meeting this week, is due to take up her role on March 1. She is currently CEO […]

Russian rights-holders team up to combat piracy

A group of Russian media rights holders comprising producer and channel provider Sistema Mass-Media and production companies Amedia, Bazalevs and Direktsiya Kino are in discussions to establish a single unified monitoring service to find illegal copies of content on the internet. The companies want to team up to avoid duplicating their efforts in tackling the […]

Sistema Mass-Media hit by shifts in production schedule

Russian conglomerate Sistema’s Sistema Mass-Media division saw its revenues and operating income plummet in the first quarter of this year, despite a 15% uptick in subscribers to its Stream-TV pay TV services. Sistema Mass-Media’s revenues fell by 58.7% to US$11 million (€8.3 million) year-on-year, which the company said was “largely due to shifts in the […]

Russia’s Stream-TV sees subscriber growth

Sistema Mass Media’s pay TV offering Stream-TV increased its subscriber base by 21% last year to 7.5 million subscribers, according to the Russian media firm’s latest earnings report.  According to its full-year 2012 numbers, the 7.5 million figure includes 1.5 million subscriber households in the Commonwealth of Independent States, with the rise attributed in part […]