IMAX And Twentieth Century Fox Sign Key Long-Term, Multi-Picture Agreement
Pact Includes Upcoming Films Deadpool and Independence Day Resurgence
LOS ANGELES, Oct. 30, 2015 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) and Twentieth Century Fox, a division of 21st Century Fox (NASDAQ: FOX), jointly announced the companies have entered into a long-term, multi-picture agreement. Marking the two companies' first joint multi-picture agreement, the deal includes future tentpoles from the Fox slate, including Deadpool, Independence Day Resurgence, Maze Runner: The Death Cure and the studio's untitled Wolverine project.
"We are very happy to announce this new global affiliation with IMAX and look forward to offering our audiences another choice in their viewing of our movies," stated Paul Hanneman, President of Worldwide Marketing and Distribution and Chris Aronson, President of Domestic Theatrical Distribution. "We look forward to working with our partners in what is sure to be an exciting and rewarding future."
"We are extremely pleased to enter into this strategic alliance with Fox, with whom we have experienced some of our greatest successes," said Richard L. Gelfond, CEO of IMAX Corp. "Given their exciting upcoming slate, the agreement makes strategic sense for both companies. We are also excited to be able to release blockbusters together in China, which we think could help IMAX and Fox expand our footprint in that market jointly."
"With this new multi-picture deal, IMAX closes the loop among the Hollywood studios and takes our relationship with Fox to a new level," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "We are excited to bring this particular slate of films to IMAX fans worldwide."
The IMAX release of each film will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.
About Twentieth Century Fox
Twentieth Century Fox produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of the studio: Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Productions, and Twentieth Century Fox Animation/Blue Sky Studios.
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of September 30, 2015, there were 1,008 IMAX theatres (887 commercial multiplexes, 19 commercial destinations and 102 institutions) in 66 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX Is Believing® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.
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SOURCE IMAX Corporation
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