That’s entertainment: Russian sector among world’s biggest

Recent research carried out by the leading accountants indicated that the market grew by 12% in 2007.

The company forecasts it will increase at around the same level in 2008.

The leading sector remains the internet – where the growth of advertising in the next five years is expected to hit 43%.

As for casinos, the most lucrative entertainment sector, the market was worth $US 4.6 billion in 2007.

Another leader in the industry is the film industry, it was valued at $US 1.1 billion. Its average annual growth is estimated at 12%, thanks to an increase in the number of new cinemas, and the purchase of foreign and domestic films.