As cinemas in China look to reopen on Monday amid the novel coronavirus pandemic, Imax Corp. has signed a 20-theater deal with Chinese industry giant Wanda Film Co.
to expand their longstanding agreement. The latest sales deal by Imax China, unveiled on Thursday, will see Wanda outfit 10 of its large-format screens with laser projection technology, including at multiplexes in Beijing and Shanghai.
In addition, Wanda will set up another 10 new Imax theaters at locations across China. The latest agreement, financial terms of which weren't disclosed, brings to 378 the number of Imax screens that Wanda is slated to have in its expanding circuit in China.
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