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SOURCE IMAX Corporation
Pact Includes Upcoming Action-Packed Tentpoles The Darkest Minds and Marvel Titles The New Mutants, X-Men: Dark Phoenix, and Gambit
LOS ANGELES, Dec. 7, 2017 /PRNewswire/ -- Extending their strong and growing partnership, IMAX Corp. (NYSE: IMAX) and Twentieth Century Fox Film, a division of 21st Century Fox (NASDAQ: FOX), jointly announced the companies have signed a new multi-picture agreement – beginning this year and extending through 2019 –for five key future tentpoles from the Fox slate. The deal includes Kingsman: The Golden Circle, which was released in September; The Darkest Minds; as well as Marvel titles The New Mutants, X-Men: Dark Phoenix; and Gambit; all of which will be digitally re-mastered into the immersive IMAX® format and released in IMAX® theatres.
In a joint statement, 20th Century Fox Film President of Domestic Theatrical Distribution Chris Aronson and President of International Theatrical Distribution Andrew Cripps said: "As we continue to create films with larger-than-life stories, we are thrilled to extend and strengthen our partnership with our colleagues at IMAX and look forward to sharing our slate via the IMAX immersive format with audiences around the world."
"Building on the success of standout films from Avatar, which remains the highest-grossing IMAX release ever, to more recently Deadpool, Logan and War of the Planet of the Apes, we're delighted to extend our partnership with our friends at Twentieth Century Fox Film by including this stellar lineup of exciting blockbusters on our slate," said Greg Foster, CEO of IMAX Entertainment and Senior Executive Vice President, IMAX Corp. "Twentieth Century Fox Film is doing a phenomenal job of delivering characters and films that are breaking the mold and we look forward to offering fans around the world the opportunity to experience them in the most immersive way possible."
The companies previously announced upcoming IMAX releases for Maze Runner: The Death Cure, The Predator, and Alita: Battle Angel.
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 Film
One of the world's largest producers and distributors of motion pictures, Twentieth Century Fox Film produces, acquires and distributes motion pictures throughout the world. These motion pictures are produced or acquired by the following units of 20th Century Fox Film: Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Twentieth Century Fox Animation and Twentieth Century Fox Family.
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, Dublin, Tokyo, Shanghai and Beijing. IMAX is headquartered in New York, Toronto and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of Sept. 30, 2017, there were 1,302 IMAX theatre systems (1,203 commercial multiplexes, 13 commercial destinations, 86 institutional) operating in 75 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®, IMAX Is Believing® and IMAX nXos®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.
For additional information please contact:
IMAX Corporation – New York
Sloane & Company – New York
IMAX Corporation – New York
Michael K. Mougias
Principal Communications Group – Los Angeles
Melissa Zukerman/Paul Pflug
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