The 1-2-3 Production film company was founded by Valery Fedorovich and Evgeny Nikishov in May 2018. Its General Director is Ivan Golomovzyuk. On August 1, 2019, Nelli Yaralova became the company's third general producer.

1-2-3 Production creates projects of various genres and the most relevant formats. The company attained global fame its series, which have been awarded at prestigious international festivals, and its feature films, which have been hits both at home and abroad.

In 2020, the company was included in the new list of industry leaders, which is updated annually by the Council of the State Film Fund. The company's office is located in Moscow. In 2020, a computer graphics production company, 1-2-3 Production VFX (ex-PREMIER Studios VFX), was established on the basis of the studio.