IMAX Corp. rises on deal to equip 31 theaters
Shares of IMAX Corp. (Nasdaq:IMAX) are higher on news before the opening that the maker of theater systems has signed a deal with Regal Cinemas Inc., a subsidiary of Regal Entertainment Group, to install 31 digital projection systems at Regal locations nationwide. Canada-based IMAX and Regal Cinemas will share profits from the new theaters.
At 11:05 a.m. ET, the stock was up $0.75, or 12%, to $7.03.
At 11:05 a.m. ET, the stock was up $0.75, or 12%, to $7.03.
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