BUSINESS

Imax, Chinese partner announces plans to open up to 120 giant-screen cinemas

07/24/2013 10:36 EDT | Updated 09/23/2013 05:12 EDT
BEIJING, China - Imax and a Chinese partner plan to open up to 120 giant-screen cinemas in China's fast-growing film market.

Imax Corp. and Wanda Cinema Line Corp., Asia's biggest cinema operator, said Thursday the agreement will make Wanda the biggest international Imax operator, with as many as 210 screens.

Financial terms were not disclosed.

Wanda Cinema is a unit of Wanda Group, which in 2012 acquired U.S. cinema chain AMC Theatres.