IMAX to open 150 cin­e­mas with China’s Wanda

The Myanmar Times - - International Business -

North Amer­i­can en­ter­tain­ment gi­ant IMAX Corp plans to open 150 new cin­e­mas in China af­ter reach­ing an agree­ment with Chi­nese con­glom­er­ate Wanda Group, in its largest-ever new the­atre deal.

The agree­ment brings Wanda’s com­mit­ment for IMAX cin­e­mas in China to 360 in a part­ner­ship that dates back to 2007. Owned by bil­lion­aire Wang Jian­lin, Wanda is seek­ing to shift its fo­cus from prop­erty to ser­vices and en­ter­tain­ment as prof­its wane in China’s real es­tate sec­tor.

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