Benzinga | Dec 17, 2020 08:34AM EST

JinYi And IMAX Expand Partnership With 12-Theatre Agreement In China

SHANGHAI and NEW YORK, Dec. 17, 2020 /PRNewswire/ -- As China's film industry continues its strong post-pandemic rebound, Guangzhou JinYi Media Corporation (002905.SZ), IMAX (NYSE:IMAX) and IMAX China (HKSE: 1970) announced that they have expanded their longstanding partnership with a new 12-theatre agreement. Under the deal, JinYi will upgrade to cutting-edge IMAX(r) with Laser technology at seven of its most popular IMAX locations -- including one of their top grossing theatres in Beijing -- and install five IMAX systems at new locations. After today's agreement, IMAX will have 989 total screens in China including backlogs nationwide.