IMAX looks to expand Chinese investment


IMAX (NYSE:IMAX) has reached a deal with Shanghai Film, a Chinese owned film company, to open 19 new theaters in China.

The new foreign investment comes after IMAX's Chinese revenue boost last year which rose 26% to $56.5M from 2012, and ahead of a planned public listing of its China operations.

The company expects to open the new theaters in the second half of 2015 and plans on adding more than 246 screens in the next five years.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs