Imax, Cinemark announce agreement for Imax with Laser

Imax (IMAX) and Cinemark (CNK) announced an agreement spanning 17 Cinemark locations in the United States and South America, bringing new Imax with Laser and IMAX 70mm film systems to the Cinemark network. Under the terms of the agreement, Cinemark will: add four new IMAX with Laser systems in the United States and actively explore one additional location in South America; upgrade twelve systems to Imax with Laser, making the entirety of Cinemark’s U.S. Imax footprint Imax with Laser; activate three additional Imax 70mm film projection systems.