Imax, Regal pact on digital screen

posted by Michael Zoldessy on October 5, 2007 at 10:38 am

IMAX and Regal have teamed up to open five theaters utilizing new technology that lowers the cost of large format and digital projection.

In a multitheater deal inked Tuesday with Regal Cinemas, Imax will bring its nascent digital projection technology to North America.

Regal and the Toronto-based large-screen format company have entered into a joint venture for five Imax theater systems. Two of them — skedded to be running in Knoxville, Tenn., and Las Vegas by the end of the year — use the company’s MPX technology (which allows multiplexes to enter large-format technology in a cost-effective way), while the other three — in Seattle and two other locations in the western U.S. — will use the company’s digital projection technology, set to go live in late 2008.

You can read the full story in Variety.

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