Imax, Wanda Expand China Partnership In 20-Theater Deal As The Nation’s Cinemas Prepare To Reopen

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 22%
  • Publisher: 63%

Imax China has expanded its decade long partership with Wanda Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and ins…

United States Headlines News

United States Latest News, United States Headlines

Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and install the technology in ten new ones, the companies said Thursday, as China prepares to reopen its shuttered theaters starting July 20.

The agreement calls for ten top-grossing Wanda Imax theatres in so-called first and second-tier cities including Beijing and Shanghai will be upgraded to Imax with Laser, Imax’s most advanced theatre experience. They will also shift from a sale to recurring revenue-sharing model.will now be in Wanda theatres across all tiered cities. Wanda Cinemas has ranked number one in box office, attendance and market share for 11 consecutive years through 2019.

“Imax is proud to be part of the premium offering that has made Wanda one of the most successful and beloved cinemas across. “With this agreement, Wanda Film is further cementing its confidence in Imaxas the flagship offering for its top locations and a key partner as it prepares to reopen its vast network of theatres throughout, it has 656 direct-operated cinemas with 5,806 screens, including 603 domestic cinemas with 5,343 screens. The company has 349 Imax screens.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Imax & Cinemark Shares Soar, Analyst Says Studios Should Start Releasing If They Value TheatersImax shares shot higher Wednesday as Goldman Sachs initiated coverage of the large-format leader with a “buy” rating, saying it’s well positioned to take share in the current environment and … So as usual, Money is MORE important, than people's lives! 'VALUE THEATERS' is MORE important than 'valuing customers LIVES!! Got it! How exactly are they going to release when theatres aren't opening? While might not be a perfect date to reopen cinemas (until a vaccine), are many very bad dates and they are all those until COVID daily cases are in decline and back to the level were in early March
Source: DEADLINE - 🏆 109. / 63 Read more »

China’s Wanda Film Anticipates Up to $228 Million Loss in First Half of 2020China’s largest cinema chain operator Wanda Film said Tuesday that it anticipates reporting a net loss of between $214 and $228 million (RMB 1.5 to 1.6 billion) in the first half of the year, after… Hope they do bad and stop make movies Good
Source: Variety - 🏆 108. / 63 Read more »

China to Begin Reopening Cinemas From MondayChina will begin reopening cinemas in “low-risk regions” from July 20, the China Film Administration (CFA) announced Thursday, ending nearly six months of closures that left thousands of theaters b… In 2 weeks they’ll be closed again.
Source: Variety - 🏆 108. / 63 Read more »

China Movie Theaters In Low Risk Areas Can Reopen On July 20BREAKING: Those theaters in low risk areas in China “can resume business in an orderly manner” as early as Monday, July 20, the China Film Administration announced in a recent notice. T… While white movie theaters are forced to stay closed?!! Sure tell me more about systematic racism SMH US movie theaters probably could reopen much sooner if they followed the same strict safety measures China has with temperature checks, masks mandatory at all times everywhere, no food and drink sold, 30% capacity and no film over 2 hours running time
Source: DEADLINE - 🏆 109. / 63 Read more »

China will steadily reopen cinemas in low-risk areas from July 20Chinese cinemas in low-risk areas will be allowed to reopen steadily from July 20, the film administration said on Thursday, as the coronavirus is generally under control within the country. They're desperate to watch that crap-show mulan? Meanwhile the Ice Cream man in America wears a hazmat suit. Because they know, through science and data, where it's contained? I'm so jealous of China right now.
Source: Reuters - 🏆 2. / 97 Read more »

Imax & Cinemark Shares Soar, Analyst Says Studios Should Start Releasing If They Value TheatersImax shares shot higher Wednesday as Goldman Sachs initiated coverage of the large-format leader with a “buy” rating, saying it’s well positioned to take share in the current environment and … So as usual, Money is MORE important, than people's lives! 'VALUE THEATERS' is MORE important than 'valuing customers LIVES!! Got it! How exactly are they going to release when theatres aren't opening? While might not be a perfect date to reopen cinemas (until a vaccine), are many very bad dates and they are all those until COVID daily cases are in decline and back to the level were in early March
Source: DEADLINE - 🏆 109. / 63 Read more »