IMAX Corp. (IMAX), Frank Theatres Ink 10 Unit Deal

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IMAX Corporation (NYSE: IMAX) and Frank Theatres, a division of the Frank Entertainment Company (1906), today announced a revenue sharing agreement for 10 IMAX® theatres to be installed into existing complexes and new construction projects located throughout the U.S. Today's deal brings to 421 the total number of IMAX theatres open or contracted to open in North America.

Under the terms of the agreement, Frank Theatres will open four IMAX theatres in November in York, Pa.; Southern Pines, N.C.; Delray Beach, Fla.; and Northfield, N.J. Two additional theatres are slated to open May 2013 in Ranson, W. Va. and Kingsport, Tenn. Locations for the remaining four theatres will be determined by the parties at a later date.

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