spot_img

IMAX® With Laser Expands Across Europe As Les Cinémas Pathé Gaumont Commits To 20 Systems

IMAX Continues Signings Momentum for New Laser Experience; Les Cinémas Pathé Gaumont’s IMAX Circuit Will Become First Multi-Territory Network to be Fully Powered by IMAX® with Laser

Exhibitor Reaffirms IMAX Commitment and Extends Lease Terms on IMAX Locations

NEW YORKJuly 12, 2018 – IMAX Corporation (NYSE:IMAX) and Les Cinémas Pathé Gaumont, leaders of exhibition theatres in Francethe Netherlands and Switzerland, today announced hybrid joint revenue share agreements for 20 IMAX® with Laser systems. IMAX’s new ground-breaking laser experience for commercial multiplexes and 12-channel immersive sound system will be added to a combination of new and existing Pathé and Gaumont sites across Europe. This announcement also represents the industry’s first multi-territory all-laser IMAX cinema circuit.

Under these agreements, Les Cinémas Pathé Gaumont will upgrade 11 IMAX digital theatres in operation to IMAX with Laser along with renewed 10-year lease terms, reinforcing its commitment to The IMAX Experience®. In addition, seven IMAX with Laser systems will replace IMAX theatre systems that are currently contracted to open. Les Cinémas Pathé Gaumont will also add IMAX with Laser systems to two new IMAX® theatres to be located in France. Under the agreements, the new technology is slated to be installed between 2018 and 2023, with 10 IMAX with Laser systems to be added to IMAX theatres in France, seven in the Netherlands and three in Switzerland.

With these agreements, Les Cinémas Pathé Gaumont has a total of 30 IMAX® theatres that are currently open or contracted to open, including 18 theatres in France, seven in the Netherlands, four in Switzerland and one in Belgium.

In 2005, the exhibitor opened its first IMAX theatre in Amsterdam and today its IMAX locations are among the highest-grossing in Europe.

“The accelerated adoption of IMAX with Laser and success of our existing flagship theatres is fueling our expansion across Western Europe – particularly in France, where we have tripled our contracted network in the last two years,” said IMAX CEO Richard L. Gelfond. “Since the launch of our new laser experience in April, we have signed over 170 deals, marking the fastest uptake to a new technology in our 50-year history. We believe this is a testament to the highly differentiated experience IMAX with Laser delivers and the commitment to innovation from top theatre operators such as Les Cinémas Pathé Gaumont, whose IMAX network will be the first to be fully powered by IMAX with Laser.”

“We are proud to announce that Les Cinémas Pathé Gaumont will equip 30 IMAX® with Laser theatres in Europe by 2023. We are the first network committed to be fully powered by IMAX® with Laser. This commitment forms an integral part of our innovation and upgrading strategy, by which we aim to offer movie-goers an increasingly intense and immersive cinema experience,” said Martine Odillard, Chairman of Les Cinémas Pathé Gaumont.

IMAX with Laser provides audiences with strikingly crystal-clear and vivid images to suspend disbelief when experiencing today’s biggest blockbusters. The next-generation 4K laser projection system features a new optical engine and suite of proprietary IMAX technologies that delivers increased resolution, sharper and brighter images, deeper contrast as well as the widest range of colors available to filmmakers to present more distinct, exotic colors than ever before.

The new system will also feature IMAX’s 12-channel sound technology that incorporates new side and overheard channels to deliver greater dynamic range and precision for ultimate audio immersion and sound you can feel.

About Les Cinémas Pathé Gaumont
Les Cinémas Pathé Gaumont are leaders of exhibition theatres in Francethe Netherlands and Switzerland. They are also present in Belgium. At the end of 2017, Les Cinémas Pathé Gaumont operated 111 movie theatres, totaling 1,091 screens, 66,2 million admissions and 760 million euros in revenue. Les Cinémas Pathé Gaumont strategy of upgrading and modernizing is based on an active policy of creation, reconstruction, and renovation, constant innovation with the latest technologies, new and adapted services and an optimized viewer experience, at the cinema and online.

Les Cinemas Pathé Gaumont is owned by Pathé, one of the biggest film producers in Europe and a major player in film distribution.

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 theaters 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 YorkToronto and Los Angeles, with additional offices in LondonDublinTokyo, and Shanghai. As of March 31, 2018, there were 1,382 IMAX theater systems (1,286 commercial multiplexes, 12 commercial destinations, 84 institutional) operating in 77 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX nXos® 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:

Business Media:

For Les Cinémas Pathé Gaumont:

IMAX Corporation – New York

Emilie Imbert

Amanda Collins

Tél. + 33 9 54 26 31 17

212-821-0155

Port. +33 6 71 88 27 65

[email protected]

[email protected]

Investors:

IMAX Corporation – New York

Michael K. Mougias

212-821-0187

[email protected]

SOURCE IMAX Corporation




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

spot_img

Subscribe

Related articles

spot_img
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.