IMAX To Expand Latin American Base Through Supercines Deal
Zacks Investment Research | Feb 07, 2018 11:21PM ET
IMAX Corporation (NYSE:IMAX) has recently announced a sales agreement with Supercines, the largest movie chain in Ecuador. The deal is to install five new IMAX theatres across the South American country of which, three are to be located in Guayaquil while the other two in Ambato and Machala, respectively.
Following this deal, Supercines totals seven IMAX theatres across Ecuador with the existing ones at Guayaquil and Quito.
The company has been inking multiple deals of late to expand its global presence. This new contract will support its expansion efforts in Latin America.
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