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Toronto, Canada—Jan 22, 2009
IMAX Signs Theatre Deal in Taiwan
Country's Largest Exhibitor Enters IMAX Business with IMAX's Revolutionary Digital Projection Technology
IMAX Corporation (NASDAQ: IMAX; TSX: IMX) and Vie Show Cinemas, the leading exhibitor in Taiwan, today announced an agreement to open an IMAX® theatre in its Sun Cinemas multiplex in the city of Taipei. The installation is scheduled to be completed to take advantage of IMAX's robust 2009 Hollywood slate. The deal continues IMAX's international expansion momentum, which has been fueled by the introduction of IMAX's digital projection technology. There are currently 75 IMAX theatres scheduled to be operating in Asia by 2012. To date, IMAX has signed contracts for more than 200 IMAX digital projection systems worldwide, with 46 currently in operation and at least 115 scheduled to be in operation by year end.
"IMAX theatres offer the world's most immersive movie experience, and consumers in Asia have demonstrated they are willing to pay a premium for it," said Charles Wang, Chairman of Vie Show Cinemas. "The economics of IMAX's digital projection system, combined with the increase in Hollywood content being released in IMAX's format, made the decision to get into the IMAX business easy. We're very excited to install the system during the first quarter, with the goal of offering our customers most of this year's strong IMAX film slate."
"VieShow has a very strong brand in Taiwan and we believe a partnership with them is an ideal way to strengthen our own brand in the country," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "This partnership also advances our overall growth strategy in Asia, by adding another well-known exhibitor to the IMAX network and maximizing visibility with consumers in the region."
"We're very excited to work with VieShow to change the way moviegoers experience Hollywood movies in Taiwan," added Larry O'Reilly, IMAX's Executive Vice president, Theatre Development. "Our digital projection technology continues to fuel exhibitor interest in the IMAX business, and we are delighted that this interest has resulted in a partnership with Taiwan's leading exhibitor."
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.
Upcoming IMAX releases include:
The Dark Knight - 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 Star Trek - Paramount Pictures
Night at the Museum Battle of the Smithsonian - Twentieth Century Fox
Transformers: Revenge of the Fallen - DreamWorks Pictures / Paramount Pictures
Harry Potter and the Half-blood Prince (with scenes in IMAX 3D)- Warner Bros. Pictures
A Christmas Carol - Walt Disney Studios Avatar 3D - 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 VieShow Cinemas:
VieShow Cinemas was established in 1997, having brought the era of multiplex cinemas into Taiwan. VieShow Cinemas is the current market leader in Taiwan's exhibition industry, with 7 locations island-wide, accounting for 35% of Taiwan's total box office market share. Further to continuing market expansions and development of innovative services, VieShow Cinemas established the distribution company VieVision Pictures in 2006 with the mission to provide more variety of films into Taiwan.
VieShow Cinemas Directory page
More IMAX Press Releases:
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Apr 26, 2017
PVR Cinemas Doubles its IMAX Footprint with Five-Theatre Agreement in India
Apr 18, 2017
IMAX and Omnijoi Cinemas Expand Partnership in China with 40-Theatre Agreement
Apr 11, 2017
IMAX Signs Agreement with AMC Entertainment for 25 New IMAX® Theatres at Odeon Cinemas Group and Nordic Cinema Group Locations; Marking Largest European Agreement in IMAX History
Feb 27, 2017
Bona Film Group Makes Significant IMAX Commitment with 30-Theatre Agreement in China
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
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