Imax, the big screen cinema group, has struck a deal with a subsidiary of Dalian Wanda, the property and media group controlled by Wang Jianlin, China’s richest man, to build 150 screens in China over the next six years.
The deal is the latest sign of Wanda’s growing global ambitions in cinema.
Imax has 335 screens in China and a backlog of 407, including the new screens from Wanda. Rich Gelfond, chief executive, said the expansion would generate significant box office returns for movie studios in Hollywood and China.
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