Imax Expands Partnership in China with Four-Theatre Deal

Imax Corporation, a technology and entertainment company based in Mississauga, Ontario and New York, announced that it has reached an agreement with Jiangsu Eudemonia Blue Ocean Cinema Development Co., Ltd. to install four new digital Imax theatre systems in China. The agreement follows an earlier four-theatre deal between the two companies, and brings Blue Ocean’s total commitment to eight Imax theatres in operation by 2014. Under the terms of this agreement, Blue Ocean will install a digital Imax theatre system in Daqing, Heilongjiang province, in early 2012. The remaining three systems are scheduled to open by 2014 at new complexes in Sichuan and Jiangsu provinces.