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Imax signs deal with AMC for 25 new theatres in Europe
April 11, 2017 / 12:59 PM / 7 months ago

Imax signs deal with AMC for 25 new theatres in Europe

(Reuters) - Imax Corp (IMAX.N), best known for enormous movie screens, said on Tuesday it signed an agreement with theatre chain AMC Entertainment (AMC.N) for 25 new theatres across Europe.

The IMAX cinema inside the Sony Center at Potsdamer Platz is pictured in Berlin, Germany, March 3, 2017. REUTERS/Fabrizio Bensch

AMC units Odeon Cinemas Group and Nordic Cinemas will add ten Imax theatres in existing complexes in the UK, Ireland, Germany, Spain and Italy. The remaining theatres will be added in western, southern and northern Europe.

The agreement brings Odeon and Nordic Cinemas’ total Imax commitment to 47 theatres.

Earlier this year, Imax said it had expected to open 175 theatres at AMC-owned locations by the end of the first quarter.

Reporting by Ahmed Farhatha in Bengaluru; Editing by Maju Samuel

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