IMAX Corp and the China Science and Technology Museum have signed an agreement that will see two IMAX cinemas installed at a new museum in Beijing by early 2009. One cinema will feature IMAX wraparound Dome technology and the other its 3D technology. The new facility will be part of the capital's Olympic Park; Bejing is the host city of the 2008 Summer Olympiad.
In a statement, IMAX co-chairmen and co-CEOs Rich Gelfond and Brad Wechlser pointed to the precedent of two-cinema installation in Shanghai in 2001. They said they expect to further growth in the institutional marketplace, particularly in the PRC. By the end of 2009, there will be 27 IMAX cinemas operating in the People's Republic of China.