IMAX (IMAX) Shares Surge as AMC (AMCX) Deal Expanded
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Shares of IMAX (NYSE: IMAX) are now up nearly 21 percent in Monday's pre-open session following news of an expanded sales sharing partnership with AMC Entertainment (Nasdaq: AMCX).
The deal will now 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.
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The deal will now 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.
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