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Stock impact report

IMAX® And SM Cinema Expand Longstanding Partnership With 10 IMAX With Laser Systems In The Philippines [Yahoo! Finance]

Imax Corporation (IMAX) 
Last imax corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: imax.com/content/investor-relations
Company Research Source: Yahoo! Finance
NEW YORK and PASAY, Philippines April 29, 2024 /PRNewswire/ -- SM Cinema, the largest exhibitor in the Philippines , and IMAX Corporation (NYSE: IMAX) today announced a significant expansion to their longstanding partnership, with 10 state-of-the-art IMAX® with Laser systems in the Philippines . The deal will bring The IMAX Experience to three new locations, as well as seven IMAX with Laser upgrades to existing systems across the SM Cinema network. Three of the upgraded locations are expected to open in 2024, with the remaining locations set to open before the end of 2026. "With our biggest system agreement yet in 2024, IMAX continues to see network expansion accelerate as the film slate picks up steam — an excellent indicator of our continued business momentum globally," said Rich Gelfond , CEO of IMAX. "SM Cinema is a vital component of one of the most successful and forward-thinking retail developers in the world and we are excited to more than double our footprint in the Philip Show less Read more
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