Imax Signs 11-Theater Deal with Regal Entertainment


Imax said Friday it has expanded its existing joint revenue sharing agreement with Regal Entertainment Group (RGC) to include the installation of 11 additional IMAX theatres in the U.S. The deal brings Regal’s total IMAX network to 100 theatres.

The companies say they intend to open the new joint venture theatres in new and existing complexes in U.S. markets such as Lexington, Kentucky., Albuquerque, New Mexico., Fredericksburg, Virginia., Fort Lauderdale, Florida, and San Antonio, Texas. The expanded agreement provides for an additional two years of operation and an adjusted financial formula for all Regal IMAX joint venture locations.