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# 1995 Gretag

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New York—Oct 21, 2013

IMAX and Cinépolis Expand Partnership with Eight-Theatre Agreement in Latin America

Deal to Bring New IMAX® Theatres to Colombia, Brazil, Guatemala, Panama and Peru
IMAX Corporation (NYSE: IMAX; TSX: IMX) and Cinépolis, one of the world's largest exhibition circuits, today announced an agreement to install eight new IMAX® theatres in existing Cinépolis multiplexes throughout Latin America.  Four of the IMAX theatres will be located in Colombia, with a single theatre each in Brazil, Guatemala, Panama and Peru.
 
Today's announcement follows recent agreements between the companies in September for an IMAX theatre in India and in April for five IMAX theatres in Mexico, bringing to 22 the exhibitor's total IMAX commercial footprint. Cinépolis currently has six IMAX theatres open in Mexico and one in Brazil.
 
"We've been more aggressive recently in the Latin American market with 17 theatre signings to date in 2013 - more than triple the number of deals signed in the region in 2012," said IMAX CEO Richard L. Gelfond.  "We're pleased to see our efforts coming to fruition in our relationship with Cinépolis and we expect the region to provide further growth for us as the appetite for The IMAX Experience® continues to increase among developers, exhibitors and consumers."
 
"One of our main success factors has been our focus on innovation and IMAX is an integral part of how we're delivering on this front," said Alejandro Ramirez, CEO of Cinépolis Worldwide. "IMAX provides us with a strategic and competitive advantage that drives stronger performance at our multiplexes and we look forward to bringing the world's most immersive cinematic experience to more theatres across our network."

 


 
About Cinépolis:
Cinépolis is the world's 4th largest movie theater circuit, operating more than 4,750 screens in 13 countries and serving more than 190 million patrons annually. Cinépolis operates under four different brands that span the ultra-premium to the extreme value segments. It was the first cinema exhibitor in the world to pioneer the concept of premium and luxury movie theaters via its Cinépolis VIP brand. Cinépolis aspires to provide its patrons with the best overall experience in filmed entertainment and employs a global workforce of approximately 38,551 in support of its mission. Founded in 1971, Cinépolis’ headquarters are located in Morelia, Mexico.

Cinépolis Directory page 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
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