Today, two of the biggest names in the movie theater industry have announced a multi-territory deal that will bring Imax and CGV to more theaters around the world. The deal will see Imax and CGV, two of the largest theater chains in the world, expand their presence in multiple countries, including the United States, China, South Korea, and Vietnam.
The deal will see Imax and CGV collaborate to bring their respective technologies and services to more theaters in each of the countries. Imax will provide its signature large-format screens and sound systems, while CGV will bring its own digital projection and sound systems. The two companies will also work together to develop new technologies and services that will enhance the movie-going experience for customers.
The deal is a major win for both companies, as it will allow them to expand their presence in multiple countries and reach more customers. It will also give them access to new markets and allow them to capitalize on the growing demand for large-format and digital projection systems.
The deal is also a win for movie-goers, as it will give them access to more theaters with Imax and CGV technologies. This will allow them to experience the latest movies in the best possible way, with the highest quality visuals and sound.
Overall, the deal between Imax and CGV is a major win for both companies and movie-goers alike. It will allow them to expand their presence in multiple countries and reach more customers, while also giving movie-goers access to the latest technologies and services. This is sure to be a win-win situation for everyone involved.
There are no promising signs for opening the theaters for the movies in the near future like back in the days. So, cinema giants and theater operators has to come up with solutions to make this abnormal as the new normal. Besides, the whole film industry is struggling right now. It includes from producers to junior level artists. Moreover, many of the movies got delayed twice and thrice from the actual release date. And all of them are still on flexible dates.
Now the South Korean theater giant CGV announced an agreement with Imax. It says that CGV will install 17 Imax-format screens in CGV multiplexes. After all, this will be the largest deal of Imax this year. From these 17 screens, nine of them will be installed in Korea. According to the 2019 box office contributors list, South Korea is the fourth largest contributor.
Meanwhile, many other movies started releases through internet streaming platforms. It is better for this situation and healthy in one way. Although, many of the ground workers in the industry are suffering. So, it is important to open facilities and create job opportunities.
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