IMAX And Regal Entertainment Group® Expand Revenue Share Partnership With 10
New IMAX® Theatres
Agreement Brings Exhibitor's Total IMAX Commitment to 87
NEW YORK and KNOXVILLE, Tenn., Oct. 4, 2012 /CNW/ - IMAX Corporation (NYSE:
IMAX; TSX: IMX) and Regal Entertainment Group (NYSE: RGC) today announced an
expansion of the companies' existing joint revenue sharing agreement to
include the installation of 10 additional IMAX(®) theatres in the U.S.
Today's deal brings to 87 Regal's total IMAX commitment.
(Logo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO )
"IMAX is a key component in our strategy to offer premium moviegoing
experiences to our customers and we're pleased to announce another expansion
of our relationship," said Regal Entertainment Group CEO Amy Miles. "To date,
we have opened approximately 70 IMAX theatres, further enhancing the variety
of premium moviegoing options available to our patrons."
"Today's expansion of our long-time partnership with Regal demonstrates
continued growth opportunities in the North American market, including strong
demand in areas within and outside of large cities," said IMAX CEO Richard L.
Gelfond. "Our valued partners at Regal understand that IMAX is a major point
of differentiation for their business and together we look forward to
continuing our shared tradition of delivering unparalleled entertainment
experiences to moviegoers in more and more communities across the U.S."
About Regal Entertainment Group Regal Entertainment Group (NYSE: RGC) is the
largest motion picture exhibitor in the United States. The Company's theatre
circuit, comprising Regal Cinemas, United Artists Theatres and Edwards
Theatres, operates 6,621 screens in 524 locations in 37 states and the
District of Columbia as of September 27, 2012. Regal operates theatres in 43
of the top 50 U.S. designated market areas. We believe that the size, reach
and quality of the Company's theatre circuit not only provide its patrons with
a convenient and enjoyable movie-going experience, but is also an exceptional
platform to realize economies of scale in theatre operations. Additional
information is available on the Company's Web site at www.REGmovies.com.
About IMAX Corporation IMAX Corporation is one of the world's leading
entertainment and technology companies, specializing in the creation and
delivery of premium, awe-inspiring entertainment experiences. With a growing
suite of cutting-edge motion picture and sound technologies, and a globally
recognized entertainment brand, IMAX is singularly situated at the convergence
of the entertainment industry, innovation and the digital media world. The
industry's top filmmakers and studios are utilizing IMAX theatres to connect
with audiences in extraordinary ways, and as such, the IMAX network is among
the most important and successful theatrical distribution platforms for major
event films around the globe. The Company's new digital projection and sound
systems - combined with a growing blockbuster film slate - are fueling the
rapid expansion of the IMAX network in established markets such as North
America, Western Europe, and Japan, as well as emerging markets such as China
and Russia. IMAX deliver the world's best cinematic presentations using
proprietary IMAX(®), IMAX(® )3D, and IMAX DMR(®) (Digital Re-Mastering)
technologies. IMAX DMR enables virtually any motion picture to be transformed
into the unparalleled image and sound quality of The IMAX Experience(®).
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in
London, Tokyo, Shanghai and Beijing. As of June 30, 2012, there were 663 IMAX
theatres (529 commercial multiplex, 20 commercial destination and 114
institutional) in 52 countries.
IMAX(®), IMAX(®) 3D, IMAX DMR(®), Experience It In IMAX(®), An IMAX 3D
Experience(®), The IMAX Experience(®) and IMAX Is Believing™ are
trademarks of IMAX Corporation. More information about the Company can be
found at www.imax.com. You may also connect with IMAX on Facebook
(www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube
This press release contains forward looking statements that are based on IMAX
management's assumptions and existing information and involve certain risks
and uncertainties which could cause actual results to differ materially from
future results expressed or implied by such forward looking statements. These
risks and uncertainties are discussed in IMAX's most recent Annual Report on
Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact:
Business Media: IMAX Corporation –
IMAX Corporation – New York Teri Loxam
Ann Sommerlath 212-821-0110
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Sloane & Company – New York Principal Communications
Group – Los Angeles
Whit Clay Melissa Zuckerman/Paul
PRN Photo Desk, firstname.lastname@example.org
SOURCE: IMAX Corporation
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