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New York—Jun 7, 2012

IMAX Expands Partnership in China with Five-Theatre Deal

This agreement follows the earlier eight-theatre cooperation and brings Omnijoi Cinemas' total IMAX commitment to 13 theatres, which includes a theatre currently open in the city of Suzhou and another that is slated to open in the city of Nanjing, Zhejiang Province in July. Today's deal brings the total number of IMAX theatres open or contracted to open in Greater China to 225, 92 of which are currently open.

Under terms of the new agreement, Omnijoi Cinemas will install five IMAX theatre systems in the cities of Qingdao, Nantong, Suzhou and other cities, all of which are slated to open in 2014 and 2015.

"Chinese audiences appreciate the quality and immersive nature of The IMAX Experience, and today we are delighted to add additional IMAX theatres to our circuit," said Mr. Wang Zhen, Managing Director of Omnijoi Cinema Development Co., Ltd. "Also, based on the success of Flying Swords of Dragon Gate at our IMAX theatre in Suzhou, we are pleased with IMAX's increasing efforts to present local Chinese films alongside the Hollywood blockbusters, which we are confident will continue to thrill our patrons."

"Since entering China over 10 years ago, IMAX has grown with the Chinese film and exhibition industry, becoming an inherent part of the Chinese movie-going experience," said IMAX CEO Richard L. Gelfond. "We're pleased that the appetite for The IMAX Experience in China remains strong as do the opportunities for growth, thanks to the support of leading exhibitors like Omnijoi Cinemas."

"Omnijoi Cinemas is a strategic partner that supports our network expansion by bringing IMAX into two high-growth areas in China," added Don Savant, IMAX President, Theatre Development and Film Distribution and Managing Director, Asia Pacific. "As one of the strongest exhibition brands in the country, we are pleased to continue working with them and bring more audiences the ultimate movie-going experience."

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® 3D presentations.

About Omnijoi Cinema Development Co., Ltd.A unit of Omnijoi Media Corporation, Omnijoi Cinema Development Co., Ltd. was founded especially to develop and operate cinemas. Omnijoi Media Corporation owns several wholly-owned or share-holding subsidiaries, which have covered a wide range of businesses including the production, distribution and presentation of film and television dramas. In its business of theatre development and operation, Omnijoi Cinema Development Co., Ltd. has over 15 locations of five-star cineplexes until May 31, 2012. The company will invest billions RMB to build 150 cineplexes with 1200 screens and become a leading exhibitor in China.

About IMAX China IMAX China is a wholly-owned subsidiary of IMAX Corporation, and is incorporated under the laws of Hong Kong. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China.

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 additional offices in London, Dublin, Tokyo, and Shanghai. As of September 30, 2017, there were 1,302 IMAX theatres (1,203 commercial multiplexes, 11 commercial destinations and 86 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
Countries:
China

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Apr 19, 2018 IMAX and Cinépolis Sign New Four-Theatre Agreement as Demand for IMAX in India Builds
Apr 19, 2018 Record IMAX Signings in India Continue as Inox Leisure Ltd. Adds Five New IMAX ® Theatres to Circuit
Apr 3, 2018 IMAX Signs 30-Theatre Agreement with Guangzhou Jinyi Media Corporation in China
Feb 26, 2018 IMAX Builds on Signing Momentum in India; Announces New Five-Theatre Agreement with PVR Cinemas
Feb 6, 2018 IMAX Signs Five-Theatre Agreement with Supercines in Ecuador
Jan 9, 2018 CJ CGV Signs Four-Theatre Agreement with IMAX in Turkey
Sep 26, 2017 Dadi Cinema Enters IMAX Business with Five-Theatre Agreement in China
Sep 12, 2017 Malco Theatres Enters IMAX Business with Two-Theatre Agreement in the U.S.
Aug 24, 2017 IMAX and Cineplex Expand Partnership, Adding Two Auditoriums and IMAX VR Centre in Canada
Jul 18, 2017 IMAX Signs Seven-Theatre Agreement with Shanghai Bestar Cinemas in China
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
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