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IMAX Signs 10-Theatre Agreement with Toho Cinemas Ltd.; Marks its Largest Deal in Japan
IMAX Corporation (NYSE: IMAX) and Toho Cinemas Ltd., Japan's highest-grossing exhibition company and a subsidiary of Toho Co. Ltd., announced an agreement for 10 additional IMAX® theatres. The deal brings to 11 Toho Cinemas' IMAX footprint, all of which are among the highest-grossing sites in the country. Japan currently ranks among the top 10 highest-grossing IMAX territories globally, with per-screen averages of approximately $1.2 million, mirroring those of leading markets such as China.
Source: IMAX Signs 10-Theatre Agreement with Toho Cinemas Ltd.; Marks its Largest Deal in Japan
IMAX Corporation (NYSE: IMAX) and Toho Cinemas Ltd., Japan's highest-grossing exhibition company and a subsidiary of Toho Co. Ltd., announced an agreement for 10 additional IMAX® theatres. The deal brings to 11 Toho Cinemas' IMAX footprint, all of which are among the highest-grossing sites in the country. Japan currently ranks among the top 10 highest-grossing IMAX territories globally, with per-screen averages of approximately $1.2 million, mirroring those of leading markets such as China.
Source: IMAX Signs 10-Theatre Agreement with Toho Cinemas Ltd.; Marks its Largest Deal in Japan