National Amusements buys IMAX’s theatre

MUMBAI: IMAX Corporation and National Amusements, the United States ‘ fifth largest theatre operator, announced IMAX’s sale of the Feinstein IMAX Theatre in Providence , Rhode Island to National Amusements. The IMAX theatre had been owned and operated by IMAX Corporation since it opened in June 2000. Under the terms of the sale, National Amusements assumed ownership and control of the theatre effective close of business on 31 December, 2007.  “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,” said IMAX co-CEOs and co-chairmen Richard L. Gelfond and Bradley J. Wechsler. “National Amusements has been a phenomenal IMAX operator both domestically and internationally, and we are pleased they are expanding their IMAX presence in Providence.” National Amusements is the first major exhibitor to operate IMAX theatres on three continents – with a total of nine IMAX theatres in North America, South America and Europe. The exhibitor’s purchase of the Feinstein IMAX Theatre in Providence, RI was made on the heels of a record-breaking box office year for the IMAX theatre network, which showcased a strong slate of digitally re-mastered IMAX releases that included 300, Spider-Man 3, Harry Potter and the Order of the Phoenix, Transformers, Beowulf and I Am Legend.
IMAX and National Amusements both have marketing partnerships with Movietickets.com, giving North American consumers greater access to The IMAX Experience.