Start / Menu > Find Press Releases > Full Press Release
Beijing, China—Apr 23, 2009
IMAX Signs Theatre Deal in China
Country's Largest Film Entity works with IMAX
IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and China Film Group Corporation today announced an agreement to open an IMAX® theatre in a new multiplex development in the city of Tianjin, China.
The installation is scheduled to be completed in October, 2009. The deal continues IMAX's commitment to growing its network in China, IMAX's largest international growth market, with 41 IMAX theatres scheduled to be operating in the country by 2012. IMAX has signed contracts for more than 200 IMAX digital projection systems worldwide, with 76 currently in operation and approximately 60 additional locations scheduled to be in operation by year end.
"IMAX is a well-respected brand that represents the advanced movie experience and we strongly believe that working with IMAX will give us a competitive advantage in our marketing development. We will have better prospective cooperation with IMAX. " said Mr. Han Sanping, Chairman of China Film Group Corporations aid.
"Entering into a partnership with China Film Group, the leading player in film production, distribution and exhibition, is an important element of our growth strategy and underscores our commitment to building the IMAX brand in the country," said IMAX CEO Richard L. Gelfond. "Our digital projection system continues to open up new international growth opportunities, by making it more economical to display a range of films in our theatres.
We're delighted to have this endorsement from the largest and most prominent media company in China which has substantial expansion plans for its exhibition business."
IMAX's revolutionary digital projection system delivers The IMAX Experience® and helps drive profitability for studios, exhibitors and IMAX theatres by eliminating the need for film prints, increasing program flexibility and ultimately increasing the number of movies shown on IMAX screens. The system can run both IMAX and IMAX® 3D presentations.
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
More IMAX Press Releases:
Dec 1, 2016
Shanghai Film Corporation Adds Three New IMAX® Theatres to Circuit in China
Nov 10, 2016
IMAX Completes First Phase of $50 Million Virtual Reality Fund That Will Finance New High-Quality, Immersive VR Content
Oct 13, 2016
IMAX Signs Largest Agreement in France with Five-Theatre Deal with Les Cinémas Gaumont Pathé
Oct 11, 2016
IMAX and Odeon & UCI Cinemas to Launch First IMAX VR™ Centre in Europe
Aug 2, 2016
Wanda to Add 150 IMAX® Theatres in Landmark Deal; Largest Agreement in IMAX History
Jul 12, 2016
Ster-Kinekor Expands Imax Footprint with Three-Theatre Agreement in South Africa
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
©Copyright 2003 - 2016
. All rights reserved.