Don't think of it as a "movie." That will only lead to disappointment.
Think of this as a video of a stage performance of The Hobbit. In fact, the more I look at it, the more convinced I am that this is based directly from a stage performance.
I don't speak Russian, but you don't really need the words.
Here are the scenes:
2:57 Bilbo meets Gandalf
6:19 The Dwarves arrive at Bilbo's house
23:56 The goblin's cave
44:50 Forest with spiders
51:26 Approaching the Lonely Mountain
54:30 Bilbo finds the Arkenstone, and talks to Smaug
59:22 Smaug at Laketown
59:55 Using the Arkenstone to negotiate
1:01:54 The Battle of "Five" Armies (though only three appear in this version)
1:03:01 Thorin's last words
1:07:38 Happily ever after
If you were writing a script for a stage performance of The Hobbit - with a community theater or high school budget - which scenes would you include? How would you handle the special effects (Smaug, invisibility?) How would you handle the size differences among the races?