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Imax, Korea's CGV Sign 17-Theater Deal as Global Cinemas Reopen

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

As global cinemas look to reopen amid the novel coronavirus pandemic, Imax has signed a 17-theater deal with Korea's CGV, the biggest this year for the giant screen exhibitor.

The agreement will see nine Imax large format screens installed in South Korea, in addition to theaters being added to CGV’s global footprint, which includes Turkey, Vietnam and Indonesia.

CGV, the largest cinema chain in South Korea and the fifth largest worldwide, has expanded into the U.S. with locations in California. "CGV and Imax both understand that, as audiences around the world return to theaters, they will want to see the remarkable slate of blockbusters ahead in Imax,” Richard Gelfond, CEO of Imax, said in a statement on Monday.

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