IMAX And NCG Cinemas Expand Partnership With Three Imax Locations Across The U.S.
Portfolio Pulse from Benzinga Newsdesk
IMAX Corporation and NCG Cinemas have announced a new agreement to expand their partnership with three new IMAX locations across the U.S. The deal includes two new locations in Tennessee and Georgia, and an upgraded location in Michigan. The new standalone IMAX theatre in Kingsport, Tennessee is expected to open in March 2025. This expansion comes as IMAX continues to deliver strong box office results, setting a new record for third quarter box office in 2023 with $347 million.
October 10, 2023 | 5:05 pm
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IMAX Corporation is expanding its partnership with NCG Cinemas, adding three new locations in the U.S. This comes as IMAX continues to deliver strong box office results, setting a new record for Q3 2023.
The expansion of IMAX's partnership with NCG Cinemas and the addition of new locations is likely to increase the company's revenue and market share. The company's strong box office results also indicate a positive trend in its performance, which could potentially attract more investors and drive up the stock price.
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