According to what I see the letters are
UДZ ЖФV
3 Latin letters and 3 Cyrillic - definitely gibberish.

The logo looks like first half or middle XX century logo of musical cinema production studio. Interesting that the globe is centered on the Atlantics. USA logos usually have globes centered on the American continent while Soviet ones - on Eurasia. So my guess that the letters are gibberish and the picture is from European musical cinema studio or international festival of the late 40s to late 50s. The eagle is problematic though. Maybe he came from another clipart.