It is partially owned by the government and supervised by the State Property Fund of Ukraine and the Ministry of Culture.

[1] It was founded on 23 May 1919 by the decision of the Odesa Governorate's Executive Committee, from the remnants of cinema studios of Myron Grossman, Dmitriy Kharitonov, and Borisov.

[citation needed] In 1922, it was reorganized into the "Odesa Film Factory of the All-Ukrainian Photo Cinema Administration (VUFKU)".

On November 26, 1956, the film by Felix Mironer and Marlen Khutsiev “Spring on Zarechnaya Street” was released, which became a significant event not only for the studio, but for the entire Soviet cinema.

[citation needed] In 2005, Odesa film studio was reorganized as a Closed Joint Stock Company, with the government owning the majority of shares.

[citation needed] In 2019, the National Bank of Ukraine issued a commemorative coin titled "100 years Odesa Film Studio"[4] In addition, the main Ukraine post service issued a special anniversary stamp dedicated to the Odesa film studio.