Korean cinema major CJ CGV will become the first major foreign exhibitor to expand into Russia, with plans to build 33 cinemas with 160 screens in Moscow by 2020. CJ CGV signed a deal with Russian real estate company ADG Group to form a 70-30 joint venture called RusCo out of Hong Kong with a registered capital amounting to US$30 million.
Source: CJ CGV to Open 33 Cinema in Moscow by 2020 – Celluloid Junkie