IMAX and Cinemark Strike Agreement for IMAX with Laser and IMAX 70mm Film Systems across 17 Locations
Imax Corporation (IMAX)
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Source: Business Wire
Cinemark to Add and Upgrade IMAX with Laser Locations, Bring IMAX 70mm Film Projectors to Chicago, Colorado Springs, and Rochester NEW YORK & PLANO, Texas--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) and Cinemark Holdings Inc. today announced an agreement spanning 17 Cinemark locations in the United States and South America, bringing new IMAX® with Laser and IMAX 70mm film systems to the Cinemark network. Under the terms of the agreement, Cinemark will:Add four new IMAX with Laser systems in the United States and actively explore one additional location in South AmericaUpgrade twelve systems to IMAX with Laser, making the entirety of Cinemark’s U.S. IMAX footprint IMAX with LaserActivate three additional IMAX 70mm film projection systemsThe IMAX 70mm film projection systems will be located in Cinemark Seven Bridges in the Woodridge suburb of Chicago, IL; Cinemark Carefree Circle in Colorado Springs, CO; and Cinemark Tinseltown in Rochester, NY. All three locations are set to be
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