NEW YORK, Sept. 12, 2017 /PRNewswire/ -- IMAX
Corporation (NYSE: IMAX) and Malco Theatres Inc., a leading
regional exhibitor in the Southern U.S., today announced a sales
agreement for two IMAX® theatres. The first IMAX theatre
will be added to the Malco Paradiso Cinema Grill in Memphis, Tenn., and the second to the Malco
Razorback Cinema Grill in Fayetteville,
Ark. with both IMAX auditoriums slated to open in December.
The agreement marks the first-ever IMAX theatres for Malco
Theatres, as well as the first commercial IMAX theatre in
Memphis and the first-ever IMAX in
Fayetteville.
"We are excited to welcome Malco Theatres to the IMAX business,
and together look forward to introducing the world's most immersive
cinema going experience to new audiences across Tennessee, Arkansas and the Mid-South," said Mark Welton, President, IMAX Theatres. "In 2016,
our domestic signings reached a three year high and we're delighted
to continue this momentum as exhibitors look for a premium and
differentiated offering to get audiences off their couches and into
the multiplex."
"We looked at all of our options regarding a large format
solution and came to the conclusion that no one has a better
combination of quality, full immersion cinema, and brand awareness
than IMAX. We are excited to add The IMAX Experience to these two
already great theatres," said Stephen
Lightman, Malco Theatres, President and CEO.
About Malco Theatres
Memphis, TN-based Malco Theatres is a
fourth-generation family-owned and operated business that reached
its 100th anniversary in 2015. Malco Theatres operates over 350
screens at 34 locations across the Mid-South, as well as bowling
and family entertainment centers in Louisiana and Mississippi.
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, Dublin, Tokyo, Shanghai and Beijing. IMAX is headquartered in New York, Toronto and Los
Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June
30, 2017, there were 1,257 IMAX theaters (1,154 commercial
multiplexes, 13 commercial destinations and 90 institutions) in 75
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).
This press release contains forward looking statements that
are based on IMAX management's assumptions and existing information
and involve certain risks and uncertainties which could cause
actual results to differ materially from future results expressed
or implied by such forward looking statements. These risks and
uncertainties are discussed in IMAX's most recent Annual Report on
Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact:
Business
Media:
|
Investors:
|
IMAX
Corporation – New York
|
IMAX
Corporation – New York
|
Ann
Sommerlath
|
Michael K.
Mougias
|
212-821-0155
|
212-821-0187
|
asommerlath@imax.com
|
mmougias@imax.com
|
|
|
Sloane &
Company– New York
|
Entertainment
Media:
|
Whit Clay
|
Principal
Communications Group – Los Angeles
|
212-446-1864
|
Melissa Zukerman/Paul
Pflug
|
wclay@sloanepr.com
|
323-658-1555
|
|
melissa@pcommgroup.com
|
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paul@pcommgroup.com
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SOURCE IMAX Corporation