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 Aug. 20, 2017
Register & Log in
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1939 Baird

Skip Navigation LinksStart/Menu > Find Press Releases > Refresh this page
Shanghai—Sep 22, 2015

Stellar Cinemas Builds on IMAX Success with Five-Theatre Revenue Share Deal in China

China's 6th-Largest Exhibitor To Introduce IMAX to Wanzhou
IMAX Corporation (NYSE:IMAX) and SMI Holding Group Limited, a leading Chinese entertainment and media company that operates theatres under the name Stellar Cinemas, today announced an expansion of the parties' revenue sharing arrangement with the addition of five new IMAX® theatres in China. 

The theatres will be installed in new construction projects located in the cities of Chengdu, Ningbo, Zhongshan, Kunming and Wanzhou and will bring the exhibitor's total IMAX commitment to 16 theatres, of which nine are currently open.
 
"We have been very impressed by the success of our existing IMAX theatres and today's agreement is a reflection of this" said Mr. Zheng Jichong, CEO of SMI Holdings Group Limited. "We believe that the IMAX brand, immersive format and slate of the best Chinese and Hollywood films will attract more guests and set our complexes' apart from competitors." 
 
"We continue to be pleased by the progress of our business in China," said IMAX CEO, Richard L. Gelfond. "As Stellar Cinemas builds on the success of its existing IMAX locations, we take great pride in the confidence that China's leading exhibitors have in IMAX to deliver results with our unrivaled cinematic experience."
 


About Stellar Megamedia Corp: SMI Holdings Group Limited is a leading Chinese entertainment and media company that is committed to breaking new ground in the Chinese film industry. Stellar operates a fully-integrated production chain that ranges from studio and soundstage facilities, to film distribution and exhibition. On the exhibition side of the business, Stellar operates a network of 150 cinemas in major cities such as Beijing, Shanghai, Guangzhou, Tianjin, Chongqing, Chengdu, Shenyang and Lanzhou. With its broad range of film businesses, Stellar is uniquely positioned in the burgeoning Chinese film and exhibition industry. Double digit growth per year and a galloping capital market offers a prime environment for Stellar to grow exponentially, bringing together historic opportunities, horizontal development and broad participation in the Company's ongoing push to bringing domestic and global audiences the very best in entertainment. Stellar Megamedia Corp 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 About IMAX China: IMAX China (HKSE: 1970) is a leading cinematic technology provider, the exclusive licensee of the IMAX brand and technology and IMAX China is a subsidiary of IMAX Corporation, and is incorporated under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China. IMAX China trades on the Hong Kong Stock Exchange under the stock code “HK.1970.” IMAX China Directory page
Similar Press Releases
More PR About: Premium Large Format More
Search for press releases

Share this page:
©Copyright 2003 - 2017 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
banner