![](https://investorshub.advfn.com/uicon/297976.png?cb=1610114739)
Thursday, July 18, 2013 1:05:59 AM
Jul 17, 2013 07:30:00 (ET)
MONTREAL, July 17, 2013 /PRNewswire via COMTEX/ -- IMAX Corporation today announced an expansion of its revenue sharing agreement with Cinemas Guzzo for an additional two IMAX theatre systems in Quebec. Cinemas Guzzo will add an IMAX theatre at its Mega-Plex(TM) Deux-Montagnes 14 in Deux-Montagne and a second IMAX theatre at its Mega-Plex(TM) Terrebonne 14 in Terrebonne, which marks the exhibitor's fourth agreement for two IMAX screens within a single multiplex. This is also the first-ever single-language, dual-screen installation in the IMAX network. Today's deal brings to 12 Cinemas Guzzo's total IMAX commitment.
"IMAX continues to thrill our guests and drive business results," said Vincenzo Guzzo, Executive Vice-President, Cinemas Guzzo. "For example, since the March 2012 opening of our first IMAX theatre in Taschereau, the complex's overall gross box office has increased 20 percent in just a year. We're delighted to add more theatres to our circuit to meet the growing IMAX demand among our patrons. Also, as the IMAX film slate continues to expand with even more Hollywood blockbuster titles, we're pleased to add a second French-language IMAX screen in Terrebonne. This will allow us to take greater advantage of blockbuster opening weekends in the same complex."
"We're pleased to see existing partners expand their IMAX business - a testament to the truly differentiated brand and entertainment experience we deliver," said Mark Welton, President, IMAX Theatres. "In just over a year, Cinemas Guzzo has opened six IMAX theatres in high-growth areas throughout the greater Montreal area. They are a tremendous IMAX brand ambassador and we're delighted to build on their success to date."
Cinemas Guzzo currently has six IMAX theatres open and six contracted to open. The exhibitor has IMAX theatres open at the Mega-Plex(TM) Pont-Viau 16, Mega-Plex(TM) Terrebone 14, and two IMAX theatres at both the Mega-Plex(TM) Taschereau 18 and Mega-Plex(TM) Marche Central 18. This year, the exhibitor will open an IMAX theatre at the Cinemas Des Sources in Dollard-Des-Ormeaux, and as per today's agreement, an IMAX theatre at the Mega-Plex(TM) Deux-Montagnes 14 and a second French-language IMAX screen at the Mega-Plex(TM) Terrebone 14. In 2014, Cinemas Guzzo will open an IMAX theatre at the Mega-Plex(TM) Lacordaire 16 and two theatres at the new Mega-Plex(TM) Sainte-Therese 12.
About Les Cinemas Guzzo
Part of the Quebec cinema scene since 1974, the family-owned Cinemas Guzzo was founded by Angelo Guzzo, who for many years led the struggle for independent movie theatre owners to obtain the right to project first-run movies, thus opening the way for others. Angelo Guzzo and son Vincenzo continue to work as a team to bring moviegoers the best that cinema has to offer. The company has more than 142 digital screens, mainly in the Montreal area, and supports environmental cancer research through the Guzzo Foundation. For more information, visit www.cinemasguzzo.com .
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2013, there were 738 IMAX theatres (606 commercial multiplexes, 19 commercial destinations and 113 institutions) in 53 countries.
IMAX, IMAX 3D, IMAX DMR, Experience It In IMAX, An IMAX 3D Experience, The IMAX Experience and IMAX Is Believing are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com . You may also connect with IMAX on Facebook ( www.facebook.com/imax ), Twitter ( www.twitter.com/imax ) and YouTube ( www.youtube.com/imaxmovies ).
This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact:
IMAX Cinemas Guzzo
Investors: Media:
IMAX Corporation, New York Vincenzo Guzzo
Teri Loxam Executive Vice-President
212-821-0100 vguzzo@cinemasguzzo.com
tloxam@imax.com 450-961-2945
Business Media:
Sloane & Company, New York
Whit Clay
212-446-1864
wclay@sloanepr.com
Media:
IMAX Corporation, New York
Ann Sommerlath
212-821-0155
asommerlath@imax.com
Entertainment Media:
Principal Communications Group, Los Angeles
Melissa Zuckerman/Paul Pflug
323-658-1555
melissa@pcommgroup.com
paul@pcommgroup.com
SOURCE IMAX Corporation
Recent IMAX News
- IMAX® and Saudi Arabia's muvi Cinemas Enter Partnership with First-Ever Agreement • PR Newswire (US) • 07/16/2024 12:30:00 PM
- IMAX Corporation to Announce Second-Quarter 2024 Financial Results and Host Conference Call • PR Newswire (US) • 07/11/2024 08:05:00 PM
- Wanda Film and IMAX Expand Strategic Partnership with Sweeping Agreement Spanning Technology and Content • PR Newswire (US) • 06/18/2024 02:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/17/2024 08:10:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:10:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:40:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:35:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:30:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:25:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:20:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:15:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:10:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:05:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 11:14:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:17:00 PM
- Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 • GlobeNewswire Inc. • 06/03/2024 12:00:00 PM
- Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 • GlobeNewswire Inc. • 05/28/2024 12:00:00 PM
- IMAX® And MEGARAMA Expand Partnership With Three New IMAX With Laser Locations Across France • PR Newswire (US) • 05/15/2024 12:30:00 PM
- IMAX To Present at the J.P. Morgan Global Technology, Media, and Communications Conference • PR Newswire (US) • 05/07/2024 08:05:00 PM
- IMAX® And SM Cinema Expand Longstanding Partnership With 10 IMAX With Laser Systems In The Philippines • PR Newswire (US) • 04/29/2024 12:30:00 PM
- IMAX Corporation Reports First Quarter 2024 Earnings Results • PR Newswire (US) • 04/25/2024 11:30:00 AM
- IMAX® and CineNOVA Launch Partnership With Four New IMAX Locations Across Turkey • PR Newswire (US) • 04/24/2024 04:00:00 PM
- Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024 • GlobeNewswire Inc. • 04/22/2024 12:00:00 PM
- IMAX Corporation to Announce First-Quarter 2024 Financial Results and Host Conference Call • PR Newswire (US) • 04/11/2024 08:05:00 PM
- IMAX® And Miraj Cinemas Enter Partnership With Three New IMAX With Laser Locations Across India • PR Newswire (US) • 04/10/2024 05:30:00 PM
FEATURED Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM