Find Companies:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Digital Cinema Technology Jun. 28, 2016
Please Login
Login/Signup
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1995 Gretag

Skip Navigation LinksStart / Menu > Find Press Releases > Full Press Release
New York, NY—Aug 6, 2012

PVR Cinemas Expands IMAX Commitment with Theatre Agreement

India's Premiere Exhibitor to Operate a Total of Five IMAX® Theatres with Three Slated to Open in 2012
IMAX Corporation (NYSE:IMAX; TSX:IMX) and PVR Ltd. (PVR Cinemas), India's leading cinema brand and operator of the country's top-performing multiplexes, today announced an agreement to install an IMAX® theatre system in Bangalore that is scheduled to open by March 2013.  

The deal follows an earlier agreement with PVR Cinemas announced in March 2011 for four IMAX theatres, bringing the exhibitor's total IMAX commitment to five. Today's deal also brings to 14 the total number of IMAX theatres open or contracted to open in India.

Under the terms of today's agreement, PVR Cinemas will install an IMAX theatre in a multiplex in Bangalore's Vega Mall - a new construction project that is slated to open by March 2013.  The exhibitor also plans to open two of its previously contracted IMAX theatres in existing complexes in Bangalore and Mumbai in 2012, with the other two IMAX theatres set to go into new construction projects in the cities of Delhi and Noida, which are slated to open in 2012 and 2014 respectively.

"Audiences across India are passionate about cinema and with IMAX's worldwide brand, more and more patrons want to experience films in the premium immersive format only IMAX can deliver," said Ajay Bijli, Chairman of PVR. "We view IMAX as a competitive advantage for our business and we are delighted to bring more audiences in Bangalore The IMAX Experience®."

"We're excited to expand our partnership with PVR - now our second largest exhibitor in India," said IMAX CEO, Richard L. Gelfond. "With a population of 1.2 billion, a growing middle-class and strong movie-going culture, India is a market poised for tremendous growth. We also believe that by the end of 2013, we will be in a position to begin offering IMAX versions of Bollywood titles, which account for 90% of India's internal annual box-office receipts."

"PVR is a true innovator in the Indian exhibition industry, offering guests modern, state-of-the-art entertainment venues and we're pleased to build on our partnership," said Don Savant, Senior Vice President and Managing Director, Asia Pacific. "Today's agreement underscores the traction we are making in India and as the country's multiplex infrastructure continues to grow, we're excited to be on the ground floor of this emerging market."
About IMAX Corporation: IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.  
 
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing.  As of September 30, 2015, there were 1,008 IMAX theatres (887 commercial multiplexes, 19 commercial destinations and 102 institutions) in 66 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."
IMAX Corporation Directory page
Learn More About:
Countries: India More
More IMAX Press Releases: Jun 22, 2016 IMAX and AMC Theatres® Sign 25-Theatre Deal Jun 22, 2016 IMAX and Cineworld Group Plc Sign Five-Theatre Agreement Jun 13, 2016 IMAX and Sichuan Lumière Pavilions Company Ltd. Sign 10-Theatre Full Revenue Share Agreement in China May 19, 2016 Google and IMAX Partner to Develop Groundbreaking Virtual Reality Camera May 12, 2016 IMAX Signs 40-Theatre Full Revenue Share Agreement with Guangzhou Jinyi Media Corporation in China Apr 13, 2016 IMAX Signs 10-Theatre Deal in China with Shanghai Aurora Movie Co., Ltd. Apr 5, 2016 IMAX Signs Largest Deal in India: Five-Theatre Agreement with Inox Leisure Ltd. Feb 22, 2016 Pathé and IMAX® Sign Five-Theatre Agreement in France and Switzerland Feb 11, 2016 T-Joy Co. Ltd. Enters IMAX Business in Japan with Two-Theatre Agreement Feb 4, 2016 IMAX's Middle East Signings Momentum Continues with Two-Theatre Agreement in UAE Dec 10, 2015 IMAX Launches Private Theatre Business with More Than 80 Initial Signings Nov 30, 2015 IMAX Signs 10-Theatre Agreement with Toho Cinemas Ltd.; Marks its Largest Deal in Japan Nov 24, 2015 Hengdian Entertainment Co. Ltd. Enters IMAX Business with 5-Theatre Agreement in China Oct 8, 2015 IMAX and Omnijoi Cinemas Expand Revenue Share Partnership in China with 15-Theatre Agreement Sep 22, 2015 Stellar Cinemas Builds on IMAX Success with Five-Theatre Revenue Share Deal in China Sep 22, 2015 IMAX and Better Life Sign Two-Theatre Sales Deal in China Aug 20, 2015 IMAX and Shanghai Film Corp. Expand Partnership with Five-Theatre Deal in China Jul 7, 2015 Carmike Cinemas Inc. and IMAX Expand Partnership with Three-Theatre Agreement Jun 24, 2015 IMAX Signs First Agreement in Nigeria with Filmhouse Cinemas Jun 10, 2015 Novo Cinemas Expands IMAX® Commitment with Two-Theatre Laser Agreement in Middle East More
©Copyright 2003 - 2016 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
banner