IMAX Corp. (IMAX) and Chinese Theatres LLC Friday announced an agreement to add an IMAX theatre to the iconic TCL Chinese Theatre in Hollywood, through an extensive transformation of the landmark site.
The addition brings the theatre into the 21st Century and gives Hollywood its first IMAX theatre. Once complete, this will be IMAX's largest auditorium in the world in terms of seating capacity and its third-largest commercial theatre screen in North America. Closing of the agreement is subject to the issuance of final permits.
TCL Chinese Theatre will undergo its first major makeover in 85 years. The theatre will close for principal construction on May 1 and is expected to re-open to the public in late summer.
The popular handprint and footprint-populated forecourt, adjacent Chinese 6 Theatres and vast upstairs ballroom for parties, called Grauman's Ballroom, will continue operating normally during construction.
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