IMAX (IMAX), AMC (AMCX) Expand Joint Sales Sharing Partnership

Article Stock Quotes (2) Comments (0)

IMAX Corporation (NYSE: IMAX) and AMC Entertainment Inc. (Nasdaq: AMCX) today announced an expansion of the companies' existing joint revenue sharing arrangement to include the installation of eight confirmed and up to 18 IMAX® theatres in the United States. The deal also includes the conversion of two existing AMC IMAX theatres from a sale to a joint revenue sharing structure. Today's agreement brings AMC's total IMAX commitment to 138 theatres with the potential to expand to 148. The company currently has 125 IMAX theatres in operation.

The eight confirmed locations are expected to be in both existing and untapped IMAX markets, including Charlotte, N.C.; Monmouth, N.J.; Dearborn, Mich.; Niles and Crestwood, Ill.; and San Francisco, Redondo Beach and Anaheim, Calif. At least three are expected to open by the end of 2012.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Acacia Research (ACTG) Enters Settlement with Red Hat (RHT)
• Universal Insurance (UVE) Completes 6.67M in Buybacks
• Dish (DISH) Begins Building Visionary Network . . . Sort Of

Create E-mail Alert Related Categories

Corporate News

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?