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 Dec. 05, 2016
Please Login
Login/Signup
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1958 GE

Skip Navigation LinksStart / Menu > Find Press Releases > Full Press Release
New York—Jul 15, 2010

IMAX Signs Three Theatre Deal with Lumière Pavilions in China

IMAX® Theatre Contract Signings Momentum Continues
IMAX Corporation (NASDAQ:IMAX; TSX:IMX) and Lumière Pavilions, one of the fastest-growing private movie exhibition chains in China, today announced an agreement to install three digital IMAX® theatre systems in the People's Republic of China. 

Under the terms of the deal, the first system is scheduled to open at the Lumiere Pavilion in the city of Chongqing at the end of 2010. The second system is scheduled to open at the Guangzhou Cultural Centre (Tai Ko Hui) in downtown Guangzhou in August, 2011 and the third system is expected to open at a yet-to-be determined location in 2012.  This deal brings the total number of IMAX theatres scheduled to be operating in China by 2012 to 57, and the total number of IMAX systems signings announced year-to-date to 95, which compares to 35 systems in all of 2009.

"IMAX theatres are changing the way people in China experience movies, and the success of IMAX's existing theatres demonstrates that The IMAX Experience® is the premium option that moviegoers are choosing when they visit the cinema," said Jimmy Wu, Chief Executive Officer of Lumière Pavilions Ltd. "We take a lot of pride in offering first-class services and moviegoing experiences with the latest technology and design, and IMAX ensures we continue to do so in addition to increasing the performance of our overall business."

"China is the fastest growing movie exhibition market in the world, and entering into a new relationship with one of the country's most aggressively expanding chains will contribute to the rapid growth of the IMAX network there," said IMAX's Chief Executive Officer Richard L. Gelfond. "We're very excited about our future in this market, where our network is scheduled to at least double in size over the next couple of years and we're already exploring the business of releasing Chinese films in the IMAX format with the release of Aftershock this month."

Mr. Gelfond continued, "These initial theatres with Lumière add to the already abundant number of theatre signings for 2010. The level of signings experienced year-to-date is positioning us for significant network growth in 2010, 2011 and beyond."
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 About Lumière Pavilions Ltd.: Lumière Pavilions is a cinema investment company specializing in the construction and operation of high-end cinemas in China. Since its establishment, the company has positioned itself as the trendsetter in the industry by way of its global vision, innovative designs, and early adoption of advanced technology. Its introduction of the best practices in design, construction, technology, content, and service in compliance with international standards has not only garnered acclamations from the general audience but also elevated the company to emerge as a leading global brand amongst the competition. The company currently operates over 30 fully-owned multiplex cinemas with 230+ screens in over 20 major cities across China. In the field of movie theatre development, operation and distribution, Lumière possesses its own unique methodology that has been proven and applauded by the industry. Lumière Pavilions Ltd. Directory page
Similar Press Releases
More PR About: Premium Large Format 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