National Amusements buys Imax Theatre

MUMBAI: Imax Corporation and National Amusements have announced Imax’s sale of the Feinstein Imax Theatre in Providence, Rhode Island to National Amusements. Announcing this deal, Imax co-CEOs and co-chairmen Richard L. Gelfond and Bradley J. Wechsle said, “Imax theatres are becoming an increasingly important component of today’s modern multiplex and nothing underscores this more than when the world’s top exhibitors increase the number of Imax screens they operate.”

They added, “National Amusements has been a phenomenal Imax operator both domestically and internationally, and we are pleased they are expanding their Imax presence in Providence.”

Under the terms of the sale, National Amusements assumed ownership and control of the theatre effective close of business on December 31, 2007. The deal was made close on the heels of a record-breaking box office year for the Imax theatre network, which included 300 , Spider-Man 3, Harry Potter and the Order of the Phoenix, Transformers, Beowulf and I Am Legend.