IMAX News

IMAX News


Friday 31 May 2013 at
at participating Guzzo theaters:

MONTREAL – April 15, 2013 -- IMAX Corporation (NYSE: IMAX; TSX: IMX) today announced an expansion of its revenue sharing agreement with Cinémas Guzzo for an additional two IMAX® theatre systems. The exhibitor will add a second IMAX theatre to its new construction project, the Mega-Plex St. Therese 10 in Sainte-Therese. In addition, Cinémas Guzzo will add an IMAX theatre at its Mega-Plex Lacordaire 16 in Montreal. Today’s deal brings to 10 the exhibitor’s total IMAX commitment. The IMAX theatres slated to open at the Mega-Plex St. Therese 10 mark Cinémas Guzzo’s third installation of two IMAX screens within a single multiplex. The first dual IMAX installation is located at the Mega Plex Marché Central 18 in Montreal, with the second at the Mega-Plex Taschereau 18 in Brossard. “With today’s agreement, we are building on the success of our IMAX network and our existing IMAX dual-screen sites, which are a hit among our guests who appreciate the convenience of catching Hollywood’s biggest IMAX blockbusters in both official languages in one premium location,” said Vincenzo Guzzo, Executive Vice President, Cinémas Guzzo. “IMAX shares our commitment to delivering the ultimate entertainment experience and we are pleased to offer our patrons more of what they want – IMAX.” “Cinémas Guzzo is a world-class IMAX partner. Their commitment to quality and support of the IMAX brand is second to none as evidenced in both their operations and marketing,” said Mark Welton, President, IMAX Theatres. “We’re delighted with their success to date, in particular the IMAX dual-screen sites – the first such sites in the IMAX network – and together we look forward to offering The IMAX Experience® to more audiences across the greater Montreal area.” About Les Cinémas Guzzo Part of the Quebec cinema scene since 1974, the family-owned Cinémas Guzzo was founded by Angelo Guzzo, who for many years led the struggle for independent movie theatre owners to obtain the right to project first-run movies, thus opening the way for others. Angelo Guzzo and son Vincenzo continue to work as a team to bring moviegoers the best that cinema has to offer. The company has more than 142 digital screens, mainly in the Montreal area, and supports environmental cancer research through the Guzzo family Foundation. For more information, visit www.cinemasguzzo.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®.