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New York—Jan 9, 2018

CJ CGV Signs Four-Theatre Agreement with IMAX in Turkey

IMAX’s Second-Largest International Partner Expands IMAX Presence in Eastern Europe
IMAX Corporation (NYSE:IMAX), and CJ CGV today announced a sales agreement for four new IMAX® theatres to be added to existing and new multiplexes in Turkey. The theatres will be operated by CJ CGV subsidiary, Mars Entertainment Group, operator of the largest cinema circuit in Turkey. The agreement brings to 133 the exhibitor’s total IMAX commitment with theatres in South Korea, China, Vietnam and Turkey.

IMAX first entered Turkey in 2011 with the opening of a theatre in Istanbul and one in Ankara. There are currently seven IMAX theatres in operation in the country with another four in backlog, inclusive of the agreement announced today. In 2016, two of the nation’s IMAX theatres were among the top 10 highest-grossing IMAX sites in Eastern Europe.
“We’re delighted to build on our success in Turkey and expand our presence in this underpenetrated region,” said Richard L. Gelfond, IMAX CEO. “CJ CGV is a valued partner that has helped us to establish the IMAX network and brand across many international markets. With the strength of this partnership and of our existing sites in Turkey, we believe we are well-positioned for expansion in this emerging market.”

“There is enormous potential in the Turkish cinema industry,” said Seo Jung, CJ CGV CEO. “We’re delighted to further expand The IMAX Experience® with more moviegoers through this opportunity and look forward to IMAX’s contribution to the deepening of Turkish cinema industry.”
 

About CJ CGV: CJ CGV introduced a multiplex theater for the first time in 1998 and created the movie-watching trend in Korea. CJ CGV is the largest multiplex cinema chain in South Korea, and the world’s Top 5 cinema exhibition company present in China, Vietnam, Indonesia, Myanmar, Turkey and the United States. Under the theme of 'Cultureplex', CJ CGV has continued developing special theaters like ‘4DX (moving chairs and wind, rain, fog and scent effects etc.)’, ‘ScreenX (a 270-degree screening format that projects images on the side walls of a theater, as well as the front screen)’ and lobby entertainment like 'lolol (cartoon cafe)', 'V BUSTERS (VR entertainment)'. Cultureplex' is a concept of complex cultural space combining spectacles, entertainment and dinning in theaters. CJ CGV is currently operating 3,432 screens at 458 theaters in seven countries around the world including 1,116 screens at 150 theaters in Korea. CJ CGV 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 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

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