A new multi-regional agreement accelerates the expansion of the IMAX network in the booming French cinema market
Paris And New YorkAnd April 18, 2023 /PRNewswire/ — French exhibition company Megarama and IMAX Corporation (NYSE: imacs) today announced an agreement for three new IMAX® systems at the… France And The Kingdom of Morocco. The new deal will more than triple the IMAX footprint with Megarama and bring in the IMAX number® systems in France to 29, of which 23 are currently open and another 6 are ready for installation. Two of the new IMAX locations will be equipped with lasers France – in Gefors and Boulogne-sur-Mer – and one in tie my shoescapital The Kingdom of Morocco.
Megarama is one of the new partners in the IMAX International Show, with ParisThe existing company opened its first IMAX location Bordeaux in December 2022. With this new deal, Megarama became IMAX’s second commercial customer in France.
said mr. Jean-Pierre LemoineFounder and President of Megarama. This strategic partnership reflects our unwavering commitment to providing our moviegoers with the highest quality entertainment and pushing the boundaries of innovation in the film industry. »
IMAX continues to grow and diversify its global footprint, and this new agreement with our premium partner Megarama expands our presence in two key countries – including FranceOne of the best box office markets in the world” Rich Gelfond, CEO of IMAX Corporation. Megarama’s membership in IMAX is a clear example of how our score with “Avatar: The Way of the Water” can boost our sales and overall strength at the box office in France Promote network growth market.
The new deal comes as IMAX is riding a wave of momentum France, which is among the top ten general markets for the company’s global box office. IMAX had its best quarter at the box office France with $9.3 million (Q1 2023), close to its record for the most profitable quarter ever $9.5 millionWhich is set for the fourth quarter of 2022. Both France And The Kingdom of Morocco It is also one of the 48 countries in the world where “Avatar: The Way of the Water” is the highest-grossing IMAX release of all time.
IMAX also continues to release more local content on IMAX FranceIncluding the launch of the first concert via Filmed for IMAX Camera program “INDOCHINE’S CENTRAL TOUR”, which topped the French box office November 2022. Additionally, this month saw the release of The Three Musketeers: D’Artagnan.
The three new Megarama locations are located at France And The Kingdom of Morocco It will be equipped with IMAX with laser, the most advanced IMAX experience. Immersive by design, IMAX was laser-developed from the ground up to deliver crystal-clear, lifelike pictures and pristine sound for an unparalleled cinematic experience. It is distinguished by a pioneer 4k A laser projection system featuring a new optical engine, specially designed lenses and an array of exclusive technologies that deliver brighter images with higher resolution, deeper contrast and a wider color gamut than IMAX systems.
About IMAX Corporation
As an innovator in entertainment technology, IMAX combines special software, architecture, and equipment to create experiences that take you beyond the edge of your seat and into worlds you’ve never imagined before. Major filmmakers and studios use IMAX systems to connect with audiences in extraordinary ways, making the IMAX network one of the largest and most successful theatrical distribution platforms for major event films in the world. Broadcast technology company SSIMWAVE, a subsidiary of IMAX, is a leader in AI-powered video quality solutions for media and entertainment companies.
IMAX Corporation is headquartered in New YorkAnd TorontoAnd Los AngelesWith additional offices LondonAnd DublinAnd TokyoAnd Shanghai. starting from December 31, 2022There have been 1,716 IMAX systems (1,633 commercial multiplexes, 12 commercial destinations, 71 institutional) operating in 87 countries and territories. The shares of IMAX China Holding, Inc. were listed. Ltd. Ltd., a subsidiary of IMAX Corporation, is listed on the Hong Kong Stock Exchange under the symbol “1970”.
IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome Experience it in IMAX®, IMAX Experience®, IMAX Experience®, IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed for IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos®, SSIMWAVE®, and Films to the Fullest® are trademarks and trade names of the Company or its affiliates, registered or otherwise protected by the laws of various jurisdictions. For more information, visit www.imax.com. You can also connect with IMAX on Instagram (www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (http://www.facebook.com/imax).www.twitter.com/imax), Youtube (www.youtube.com/imaxmovies), and LinkedIn (www.linkedin.com/imax).
About Megarama
Mr. Jean-Pierre Lemoine, founder of MEGARAMA, with more than 280 displays Europe And North AfricaMEGARAMA is ranked 5there The largest cinema operator in France and the first operator of North Africa. MEGARAMA is also involved in film distribution through its subsidiary Golden Film International, as well as screen advertising. MEGARAMA strives to provide its audience with the best technology in a warm and friendly atmosphere with many innovative services.
For more information, visit www.megarama.com on Linkedin (www.linkedin.com/megarama), on Facebook (www.facebook.com/megarama).
For more information, please contact:
Investors:
Jennifer Horsley
[email protected]
Techniques:
Jane Collins
[email protected]
IMAX Source Company
