IMAX signs first joint venture theatre deal in Europe
October 7, 2008 – 11:31 amCineplexx Kinobetriebe and IMAX enter joint venture agreement for three theatres in Austria
IMAX’s digital projection system continues to drive joint venture business
IMAX Corporation and Cineplexx Kinobetriebe Gmbh, the largest exhibitor in Austria, today announced a joint venture agreement to install three IMAX® theatres in Austria. The deal marks IMAX’s first joint venture in Europe, and continues the Company’s global expansion with its new digital projection system. To date, IMAX has signed contracts for more than 180 IMAX digital projection systems, with 18 currently in operation and a total of 45-50 scheduled to be in operation by year end.
The first theatre is expected to be installed in the city of Graz during the first quarter of 2009, followed by a location in Vienna the second quarter of 2009 and a third location in the city of Hohenems during the fourth quarter of 2009. All three theatres will be equipped with IMAX’s new digital projection system.
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