AMC Leisure Holdings Inc. AMC and IMAX Company IMAX have entered into a serious settlement that may introduce IMAX with Laser expertise to over 180 AMC and IMAX areas throughout the nation.
As a part of this deal, AMC will add 12 new IMAX areas and improve 68 present ones to the IMAX with Laser format.
This enlargement will create the biggest IMAX with Laser circuit on the planet.
The settlement marks the biggest programs settlement IMAX has signed within the U.S. since 2018.
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IMAX and AMC have been companions since 2007, and AMC operates eight of the ten highest-earning IMAX theaters within the U.S.
“All through the US and around the globe, filmmakers and moviegoers maintain the IMAX model in such excessive regard as a premium theatrical spectacle, which is mirrored each within the success that AMC and IMAX share collectively, and in IMAX’s intensive content material catalogue,” mentioned Chairman and CEO, AMC Leisure, Adam Aron.
Beneath its AMC Go Plan, the corporate continues to prioritize premium moviegoing experiences, that includes superior visuals, immersive sound, and upgraded seating.
Value Motion: AMC shares closed decrease by 3.14% at $2.78 on Tuesday.
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