sentences:  In 1999, Melnitsa was formally established with backing from STV Film Company's Sergey Seliyanov and led by Aleksandr Boyarskiy.STV Film Company retains a 50% share of the studio.The newly formed studio's first project was "Adventures in Oz" (Приключения в Изумрудном Городе) for NTV-film (НТВ-кино), a four-part animation released in 2000.