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TORONTO – Imax has a deal for two new theaters in Ecuador, a move that follows the giant screen exhibitor restructuring an agreement with the Racimec International Group last year to remove a drag on its South American expansion.
The new agreement with Supercines, Ecuador’s largest exhibitor, will see two Imax screens go into new construction projects in Guayaquil.
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The deal is part of Imax’s amended master license agreement with Giencourt Investments S.A., a part of Racimec, a Brazil-based lottery operator, to accelerate the rollout of Imax theaters across the region.
“Today’s agreement demonstrates that we are continuing to make inroads in South America — partnering with the top exhibitor in the country and bringing the Imax experience to premium sites,” said Imax CEO Richard L. Gelfond in a statement Monday.
Imax has been slow to penetrate the Latin American market, compared to Europe and Asia.
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