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IMAX and CGV Strengthen Longstanding Partnership With New 17 Global Theatres

June 30, 2020 / Mark Jafar
SHARESHARESHARE

IMAX Corporation and CGV today announced a broad expansion of their longstanding partnership with an agreement to launch 17 new theatres around the world. The expansive agreement includes nine new IMAX® theatres in South Korea — one of IMAX's fast-growing markets and home of its highest grossing screen worldwide — as well as theatres across CGV's global footprint, which includes Turkey, Vietnam, and Indonesia. The agreement is the biggest theatre deal for IMAX in 2020 to date and marks a step forward as the global movie theatre industry seeks to reopen. South Korea is among the markets leading this charge, with 18 IMAX theatres currently open across the country. CGV's flagship location, CGV Yongsan, was the top grossing IMAX theatre in the world in both 2018 and 2019.