IMAX (IMAX) Announces New Agreement for Three Theathers in Russia

Article Stock Quotes (1) Comments (0)

IMAX Corporation (NYSE: IMAX) has signed agreements to open a total of three IMAX theatre systems into new construction projects across Russia. The Company will install one system each with existing partner Kinomax as well as new partners Monitor and People's Cinema, bringing to 49 the total number of IMAX theatres open or contracted to open in Russia and the CIS.

Monitor, one of Russia's top exhibitors, will install an IMAX theatre in Anapa that is slated to open in July 2012.

Today, there are 24 theatres open (20 in Russia and 4 in the CIS) with 25 theatres in backlog. The region is also home to some of IMAX's highest-grossing theatres in the world, with a 2011 per-screen average of approximately $1.7 million.

---

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

• IMAX Corp (IMAX) Grosses $13.6M in North America from 'Star Trek' Opening Weekend
• Sprint (S), SoftBank Receive Final State Regulatory Approval in Proposed Deal
• Tempur-Pedic (TPX) is Now 'Tempur Sealy International'

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?