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Toronto—Nov 13, 2008
IMAX signs deal with Lincoln Square Cinemas in Washington State
Exhibitor to Install IMAX's Digital Projection System in Washington State's Top Performing Multiplex
IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and Lincoln Square Cinemas today announced an agreement to install an IMAX(R) theatre in the top performing multiplex in Washington State. Under the terms of the sales agreement, Lincoln Square Cinemas will install IMAX's new digital projection system at its flagship multiplex in Bellevue, Washington during the second quarter of 2009. To date, IMAX has signed contracts for more than 200 IMAX digital projection systems, with 34 currently in operation and approximately 45 scheduled to be in operation by year end.
"We take great pride in our commitment to providing the best experience for our customers, and we're very excited to incorporate the IMAX brand and The IMAX Experience(R) into our operation," said Phil Harris, Founder of Lincoln Square Cinemas. "IMAX's digital projection system has made it much easier for us to get into the IMAX business, both economically and logistically, and the immersive power of IMAX will make it much easier for our customers to get into the movies - literally."
"Our digital projection system is creating new opportunities for us with respected regional exhibitors such as Lincoln Square Cinemas, and it's fueling the significant growth of our network," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "We're looking forward to installing our latest technology into the top performing multiplex in Washington State, as it will extend the reach of our brand to new audiences at an established and highly visible location."
"Lincoln Square Cinemas' proven knowledge of the Bellevue/Seattle market combined with their unwavering commitment to state-of-the-art technology makes this an ideal relationship for IMAX," added Larry O'Reilly, IMAX's Executive Vice president, Theatre Development. "Their ability to install the new system during the second quarter of 2009 enables them to capitalize on some of next year's exciting Hollywood IMAX movie slate."
IMAX's 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(R) 3D presentations.
Upcoming IMAX films include:
Madagascar 2: Escape 2 Africa - DreamWorks Animation
The Day the Earth Stood Still - Twentieth Century Fox
The Dark Knight - (re-release) Warner Bros. Pictures
Under the Sea 3D - IMAX/Warner Bros. Pictures
Watchmen - Warner Bros. Pictures/Paramount Pictures/Legendary Pictures
Monsters vs. Aliens 3D - DreamWorks Animation
Night at the Museum Battle of the Smithsonian - Twentieth Century Fox
Transformers: Revenge of the Fallen - DreamWorks Pictures/Paramount
Harry Potter and the Half-blood Prince - Warner Bros. Pictures
Avatar - Twentieth Century Fox
Hubble 3D (working title) - IMAX/Warner Bros. Pictures
How to Train Your Dragon 3D - DreamWorks Animation
Shrek Goes Fourth 3D - DreamWorks Animation
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 Dec. 31, 2016, there were 1,215 IMAX theatres (1,107 commercial multiplexes, 16 commercial destinations and 92 institutions) in 75 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 Lincoln Square Cinemas:
Lincoln Square Cinemas in Bellevue, Washington is the top performing theatre in the State of Washington. As part of the Bellevue Collection of Bellevue Square, Bellevue Place, and Lincoln Square, the Lincoln Square Cinemas with 16 screens strives for the best movie going experience possible for patrons. The Cinema offers a stadium presentation with rocking seats, digital surround sound and a quality image on large screens. As an independent operator Lincoln Square Cinemas is able to move forward as improvements are made in cinema presentation. Bringing IMAX to Lincoln Square continues the tradition of bringing the best to our patrons.
Lincoln Square Cinemas Directory page
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