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April 11, 2017—IMAX Corporation (NYSE:IMAX) and ODEON
Cinemas Group, including its Nordic Cinema Group subsidiary, both wholly owned
by AMC (NYSE:AMC), and the largest cinema operator in Europe, today announced
they signed a binding term sheet for 25 new IMAX® theatre systems to be located
throughout Europe. Under the agreement, 10 IMAX theatres have been identified
and will be added to existing ODEON complexes throughout the UK/Ireland,
Germany, Spain and Italy, with the locations of the remaining sites to be
determined throughout Western, Southern and Northern Europe.
June 24, 2016—IMAX Corporation and AMC Theatres have announced an expansion of the companies' existing full joint revenue sharing arrangement with the addition of 25 IMAX® at AMC theatres. The theatres are expected to be installed in 2016 through 2019 at both existing and new–build AMC locations, with the majority of the IMAX at AMC theatres opening within the next two years. The cities include New York, Los Angeles and Houston as well as strategic smaller-tier markets that AMC and IMAX believe present further growth opportunities. Today's agreement brings AMC's total IMAX commitment to 185 theatres and reinforces its position as the largest IMAX exhibitor in North America.