Imax Corp. (IMAX, IMX.TO) announced it has signed agreements to open a total of three Imax theatre systems into new construction projects across Russia.
The company said it will install one system each with existing partner Kinomax as well as new partners Monitor and People's Cinema, bringing to 49 the total number of Imax theatres open or contracted to open in Russia and the CIS.
Monitor, one of Russia's top exhibitors, will install an Imax theatre in Anapa that is slated to open in July 2012. The local independent operator People's Cinema will install an Imax theatre in its multiplex in Ulan Ude, which is scheduled to open in September 2013.
Kinomax will expand its Imax footprint and install an Imax theatre in Samara, which is scheduled to open in September 2013, bringing the exhibitor's total Imax commitment to five theatre systems.
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