Imax adding new screen in China multiplex run by government company in time for ‘Aftershock’
By APWednesday, April 21, 2010
Imax continues to expand in China
NEW YORK — Imax Corp. said Wednesday that government-owned Zhejiang Xinyuan Cultural Industry Group Co. is installing an Imax screen in its new 16-screen multiplex.
The theater is in Hangzhou, the capital of China’s Zhejiang province, two hours from Shanghai. Imax said the screen will be ready for the June release of “Aftershock,” the first mainstream Chinese film adapted for the technology.
Imax has been expanding in China. It currently has 26 theaters open and plans to have 50 by 2012.
The company’s stock was up 61 cents, or 3.3 percent, to $19.30 in afternoon trading.
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