IMAX agrees 40-cinema deal with JinYi

Firm has long-term target of 1,000 theaters in China

IMAX Corp, the US entertainment technology company, is to accelerate its expansion in China after signing a revenue-sharing agreement with Guangzhou JinYi Media Corp, one of the country's largest cinema chains.

The deal will see IMAX technology installed in 40 theaters owned by JinYi, including new projects and existing cinemas in all sizes of city.