Imax Expands in China Anticipating More Hollywood Releases

(Bloomberg) — Imax Corp. has signed an agreement with Wanda Film Holding Co. to upgrade and add more screens in China, the company’s second-largest market by sales.

Known for its giant screens, Imax will open as many as 25 new locations in the country over the next three years and refit or renew 100 existing sites over a longer time frame, Chief Executive Officer Rich Gelfond said in an interview.