Following the lead of sister publication Billboard, which spun off a Russian edition in 2007, the Hollywood Reporter is set to launch a glossy Russian-language monthly print publication in March. To be followed in short order by companion website thehollywoodreporter.ru.

The investor group backing The Hollywood Reporter: Russian Edition is the same one that underwrote the aforementioned Billboard Russia and includes Studio Three T, the production facility of writer-director Nikita Mikhalkov (pictured). Mikhalkov competed for the Palme d’Or at the 2010 Cannes Film Festival with Burn by the Sun 2 and received a special career achievement honor at the 2007 Venice International Film Festival.

The Russian editorial team will be guided from LA by editorial director Janice Min, creative director Shanti Marlar and international news editor Kevin Cassidy. From the press release going out today:

The Hollywood Reporter: Russian Edition represents the return of high quality field-reporting to the Russian entertainment market. We will offer readers a rare behind-the-scenes look into the Russian entertainment industry along with in-depth features and hard-hitting market analysis,” says THR: Russian Edition editor-in-chief Ivan Kudryavtsev.

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