Deal Marks Company's First IMAX® Theatre in Downtown Tokyo and First
Laser Technology Agreement in Japan
NEW YORK and TOKYO, Dec. 5, 2013 /CNW/ - IMAX Corporation (NYSE: IMAX; TSX: IMX) today announced an
agreement with Sasaki Kogyo Co. Ltd., which operates under the brand
Cinema Sunshine, for an IMAX® theatre to be located in Ikebukuro, one
of the largest downtowns within Tokyo and the city's premier commercial and entertainment area. The theatre
will be installed in a new complex, which upon completion will
represent the largest scale multiplex in Tokyo. The deal brings Sasaki Kogyo's IMAX commitment to four theatres, of
which three are currently open in the cities of Yamatokoriyama,
Matsuyama-shi and Tsuchiura-shi.
(Logo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO )
Under the terms of the agreement, the theatre will feature IMAX's
next-generation laser digital projection system, which represents the
culmination of the largest R&D initiative in IMAX's history. The system
incorporates the laser digital intellectual property IMAX exclusively
licensed from Eastman Kodak and Barco's unique laser innovations. It is
expected to set a new benchmark as the industry's premium entertainment
experience and will enable IMAX's largest screens to deliver the
highest-quality digital content available with greater brightness and
clarity, a wider color gamut and deeper blacks.
"Since opening our first IMAX theatre in 2011, we've seen our complex's
overall box office share and attendance steadily increase and today, we
are building on this success with the addition of a new theatre in
Ikebukuro, Tokyo, within our new flagship complex," said Mr. Shinichi
Sasaki, CEO of Sasaki Kogyo Co. Ltd. "We are also proud to be the first
to bring IMAX's cutting-edge laser technology to Japan, which we are
confident, will set a new standard for immersive cinematic
"For seventy years, Sasaki Kogyo has been a leader in the development of
quality, innovative cinemas in Japan and it is fitting that they are
the first in the country to commit to our next-generation laser
technology," said Don Savant, IMAX Managing Director, Asia Pacific. "We
are delighted to expand our partnership and develop an IMAX theatre in
such a premium site in downtown Tokyo."
About Cinema Sunshine
Cinema Sunshine possesses 97 cinema screens at 13 sites around Japan,
with a total of 16,359 seats (as of May 2013). The opening of the
pioneering Cinema Sunshine Ikebukuro cinema complex, marked the
beginning of Cinema Sunshine's expansion throughout Japan. Working from
the concept of "Community-based Cinema," we create entertainment spaces
that are intended to boost the development of the surrounding area, and
to improve cinematic culture. With wheelchair space and stadium-style
seating that allows people to watch movies without worrying about
trying to see around the head of the person in front, our cinemas allow
comfortable viewing to everyone.
As Cinema Sunshine we continue to introduce cinema complexes in Japan
that feature world-leading technologies such as IMAX. We provide our
customers with an enjoyable movie-going experience only possible at
Cinema Sunshine, and will maintain our global focus on technology in
order to create viewing environments with excellent added value that
inspires our customer to want to watch movies at Cinema Sunshine.
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 September 30, 2013, there
were 785 IMAX theatres (653 commercial multiplexes, 19 commercial
destinations and 113 institutions) in 55 countries.
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.
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SOURCE: IMAX Corporation
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