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IMAX pacts with Australia's Hoyts for four new digital systems

IMAX Corporation has secured a deal to install four IMAX theatres in theatres in Perth, Melbourne and Sydney operated by Australian exhibitor Hoyts Cinemas.The agreement marks IMAX Corporation's first international joint venture featuring the new IMAX Digital Theatre System and will double IMAX's footprint in Australia.The partners will share in the cost and profitability of the new theatres. The first three will be installed at the Entertainment Quarter 12 in Sydney, ...

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