IMAX, partners to expand theater footprint in China
By Shi Jing in Shanghai | China Daily | Updated: 2014-07-23 07:17
Movie theater company IMAX Corp signed a deal on Monday with three Shanghai companies to increase the number of IMAX screens throughout China.
The three Shanghai companies are the State-owned Shanghai Film Corp, Shanghai United Circuit Co Ltd, a wholly owned subsidiary of Shanghai Film Corp, and Shanghai SFG-EPR Cinema Development & Management Co Ltd - a joint venture in which Shanghai Film Corp holds a major share.
The deal will see 19 IMAX theaters open up in China before the end of 2015, bringing the total IMAX theaters Shanghai Film Corp has to 22, making it the fifth-largest global partner of IMAX Corp.
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