IMAX Signs Two-Theatre Deal In Ukraine

TORONTO, Canada -- IMAX and Kinokompaniya "Triumph", a leading film production company in the Ukraine, today announced an agreement to install two IMAX(R) theatres in the Ukraine, with the first to open in the capital city of Kiev.

An IMAX theater

The theatre is expected to open in early 2007, in time for IMAX's summer blockbuster season which includes Harry Potter and the Order of the Phoenix, set to open in July 2007.

The second IMAX theatre is scheduled to be installed in a retail development in a major city outside Kiev in early 2008. With this announcement, IMAX is scheduled to have nine theatres operating in the Commonwealth of Independent States (CIS) by 2008.

"We are very excited to partner with IMAX to provide a unique moviegoing experience for consumers in Kiev," said Andriy Shpyg, general director, Kinokompaniya "Triumph". "We are delighted to bring IMAX theatres to the Ukraine and introduce IMAX's growing list of digitally re-mastered Hollywood films to another international audience."

"Following on our success in Russia, we are pleased to build our presence in the Ukraine with entertainment leaders such as Kinokompaniya "Triumph," said IMAX Co-CEOs and Co-Chairmen Richard L. Gelfond and Bradley J. Wechsler.

"As economic development and growth continues in the region, we believe the new IMAX theatres will offer more consumers in the CIS cinema exhibition market the opportunity to experience Hollywood films in the most powerful and immersive way possible."

Larry O' Reilly, IMAX's Executive Vice President of Theatre Development, added "We believe that our partnership with Kinokompaniya "Triumph", combined with greater demand for event titles being released to IMAX theatres, will continue to drive increased enthusiasm for The IMAX Experience(R) in international markets."

The new IMAX theatres will utilize IMAX MPX(R) technology, which was specifically designed to enable multiplex operators to more cost effectively enter into the IMAX theatre business, either by retrofitting an existing stadium seating auditorium or via an economical new build.

The new Kinokompaniya "Triumph" IMAX theatres will be capable of playing Hollywood event films that have been digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience, as well as original IMAX productions in 2D and IMAX(R) 3D.

Source: CNW Group

Comments

Fly said…
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