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Korean Cinema Giant CGV Signs Multi-Territory Deal With Imax

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variety.com
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Patrick Frater Asia Bureau ChiefAt a time when movie release dates are moving backwards due to continuing coronavirus problems, raising question marks about the viability of the theatrical business, at least two companies are intent on expanding their cinema activities.Giant theatre provider and South Korean cinema multinational CGV have announced a agreement to install a further 17 Imax-format screens in CGV multiplexes.

The deal is Imax’s largest of 2020.According to an announcement nine of the 17 will be installed in Korea, where CGV already operates 18 Imax venues, which have been opened over a 15-year period.

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