IMAX Corporation Expands Partnership In China With Five-Theatre Deal

IMAX Corporation and Omnijoi Cinema Development Co., Ltd. (Omnijoi Cinemas), formerly known as Jiangsu Eudemonia Blue Ocean Cinema Development Co., Ltd., announced an agreement to install five IMAX theatre systems into new construction projects throughout China. This agreement follows the earlier eight-theatre cooperation and brings Omnijoi Cinemas' total IMAX commitment to 13 theatres, which includes a theatre currently open in the city of Suzhou and another that is slated to open in the city of Nanjing, Zhejiang Province in July. Deal brings the total number of IMAX theatres open or contracted to open in Greater China to 225, 92 of which are currently open. Under terms of the new agreement, Omnijoi Cinemas will install five IMAX theatre systems in the cities of Qingdao, Nantong, Suzhou and other cities, all of which are slated to open in 2014 and 2015.