Start/Menu > Find Press Releases >
Refresh this page
New York and Columbus, Ga—Oct 23, 2013
IMAX Announces New 10-Theatre Agreement with Carmike Cinemas Inc.
Fourth-Largest U.S. Exhibitor Expands IMAX Footprint; Underscores Domestic Demand for The IMAX Experience®
IMAX Corporation (NYSE: IMAX; TSX: IMX) and Carmike Cinemas Inc., (NASDAQ: CKEC), the fourth-largest exhibitor in the U.S., today announced a new revenue sharing agreement for 10 IMAX® theatre systems to be installed in new construction projects and existing Carmike multiplexes across the U.S., including locations in Georgia, Tennessee and Texas.
"Carmike ranks among the largest and most successful exhibitors in the U.S. and we're pleased to expand our partnership," said IMAX CEO, Richard L. Gelfond. "We're also delighted to see the continued demand for IMAX domestically - particularly in the Southeast region of the U.S., which continues to present expansion opportunities for the Company."
In November 2012, Carmike acquired 16 entertainment complexes from Rave Review Cinemas LLC, which included seven IMAX theatres. In August 2013, Carmike acquired three multiplexes from Cinemark USA Inc., which included an eighth IMAX theatre. Those acquisitions, along with today's agreement, bring Carmike Cinemas' total IMAX commitment to 18 theatres.
"As we continue to aggressively grow the Carmike theatre network throughout the U.S., we are proud to build on the success of our existing IMAX theatres which have further enhanced attendance at our entertainment complexes since the acquisitions," said David Passman, President and CEO, Carmike Cinemas. "By delivering audiences blockbuster content in its highly immersive format, IMAX has created a truly differentiated brand and entertainment experience that we believe will serve as a key anchor attraction in our complexes and continue to have a positive impact on our operating success."
About Carmike Cinemas, Inc:
Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema deployments and one of the nation's largest motion picture exhibitors. Carmike has 273 theatres with 2,906 screens in 41 states. The circuit includes 47 premium large format (PLF) auditoriums featuring state-of-the-art technology and luxurious seating, including 29 "BigDs," 16 IMAX auditoriums with an additional eight under contract, and two MuviXL screens. As "America's Hometown Theatre Chain" Carmike's primary focus is midsized communities.
Carmike Cinemas, Inc 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 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
More IMAX Press Releases:
May 24, 2017
IMAX Continues Rapid Expansion with Les Cinémas Gaumont Pathé in Europe; Signs an Additional Six-Theatre Agreement for the Group’s Top-Performing Locations in France and Holland
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
©Copyright 2003 - 2017
. All rights reserved.