The studio was also battling the aftermath of the economic downturn bought by the Soviet Union collapse in 1991. In 1998, the ruble faced devaluation that bought on financial debt to many companies that lasted to the turn of the 21st century. From the most acclaimed animation studio of Russia, in 2006 their studio built in 1936 was almost sold to real estate developers. A land dispute against the budget-constrained and workforce-downsized association was pitting the animators as they drew and recorded "Hoffmaniada".