AMC Theatres® Expands IMAX Partnership to 175 Locations by End of March, 2017
January 19 2017 - 4:11PM
Business Wire
Movie-going enhancement renovations continuing
at high-demand IMAX at AMC locations
IMAX Corporation (NYSE: IMAX) and AMC Theatres (NYSE: AMC) today
announced that the number of IMAX at AMC locations is expected to
increase by 15 percent year over year by the end of the first
quarter 2017, with a total of 175 locations open by March 2017. AMC
and IMAX also announced they are continuing to renovate popular
IMAX at AMC locations to include movie-going amenities guests
love.
Through its recent acquisition of Carmike, AMC added several
IMAX locations, and through the opening of AMC Flatiron Crossing 14
in the Denver area, expected to be completed before April 1, AMC
will operate 175 IMAX locations, expanding the Company’s footprint
as the largest exhibitor of IMAX screens in North America. The
company’s current commitment to IMAX is 185 theatres through
2019.
For the past year, AMC has been renovating and upgrading IMAX at
AMC locations around the country, installing IMAX’s laser
projection and 12-channel immersive sound as well as plush rocker
seating at popular locations including AMC Lincoln Square 13 in New
York and AMC Metreon 16 in San Francisco. Renovations are also
expected to take place in the coming months at AMC Empire 25 in New
York, AMC Burbank 16 in Los Angeles, AMC Northpark 15 in Dallas and
Navy Pier IMAX at AMC in Chicago – including sound and seating
enchantments as well as re-designed entryways and auditorium
branding.
“We are thrilled that as AMC continues to expand its reach
throughout the United States, and the world, so too does our
partnership with IMAX, allowing more AMC moviegoers than ever the
opportunity to enjoy this immersive experience,” said John
McDonald, Executive Vice President, U.S. Operations, AMC.
“We are delighted to reach this 175-theatre milestone with our
long-term partner, AMC, and look forward to continuing to work
together to grow both our domestic and international footprint even
further,” said Mark Welton, President, IMAX Theatres. “We applaud
AMC’s commitment to both quality presentation and comfort and we
believe the renovations undergoing at these prominent IMAX at AMC
locations will take The IMAX Experience to the next-level – just in
time for what is shaping up to be a very exciting 2017 blockbuster
lineup.”
About AMC Theatres
AMC is the largest movie exhibition company in the U.S., Europe
and the world with approximately 900 theatres and more than 10,000
screens across the globe. AMC has propelled innovation in the
exhibition industry by deploying more plush power-recliner seats,
delivering enhanced food and beverage choices, generating greater
guest engagement through its loyalty program, web site and smart
phone apps, offering premium large format experiences and playing a
wide variety of content including independent programming. AMC
operates among the most productive theatres in the United States’
top markets, having the #1 or #2 market share positions in 22 of
the 25 largest metropolitan areas of the United States, including
the top three markets (NY, LA, Chicago). Through its Odeon
subsidiary, AMC operates in seven European countries and is the #1
theatre chain in the UK & Ireland, Italy and Spain. For more
information, go to www.amctheatres.com.
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines
proprietary software, architecture and equipment to create
experiences that take you beyond the edge of your seat to a world
you’ve never imagined. Top filmmakers and studios are utilizing
IMAX theatres to connect with audiences in extraordinary ways, and,
as such, IMAX’s network is among the most important and successful
theatrical distribution platforms for major event films around the
globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with
offices in London, Tokyo, Shanghai and Beijing. As of Sep. 30,
2016, there were 1,145 IMAX theatres (1,037 commercial multiplexes,
16 commercial destinations and 92 institutions) in 74 countries. On
Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp.,
began trading on the Hong Kong Stock Exchange under the stock code
“HK.1970.”
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D
Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX
nXos® 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
(www.youtube.com/imaxmovies).
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version on businesswire.com: http://www.businesswire.com/news/home/20170119006207/en/
AMC TheatresRyan Noonan,
913-213-2183rnoonan@amctheatres.comorIMAX Corporation – New
YorkAnn Sommerlath, 212-821-0155asommerlath@imax.com
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