EVT and IMAX® expand partnership with five new IMAX locations in Australia and Germany

NEW YORK and SYDNEY — 3 November 2023 — EVT (ASX: EVT) and IMAX Corporation (NYSE: IMAX) today announced an agreement for five new state-of-the-art IMAX® with Laser systems across Australia and Germany. Under the deal, EVT will integrate a new IMAX screen experience in an Event Cinemas location in Sydney, as well as at four CineStar locations in Germany.

The agreement comes on the heels of EVT’s highly successful launch of IMAX Sydney, which in its first few weeks of operation, is already the highest grossing IMAX location worldwide outside the United States and United Kingdom. It also marks the single biggest deal for IMAX systems in Germany.

"Expanding our collaboration with IMAX aligns to our strategy of providing customers with choice on how they want to watch a movie. The right combination of our proprietary cinema experiences such as Gold Class, Boutique and V-Max alongside Global Premium Formats like IMAX is proving to be successful. IMAX performs exceptionally well at our current locations in Sydney, New Zealand and Germany and we are thrilled to bring state-of-the-art IMAX with Laser systems to more locations in Australia and Germany in the near future" said Jane Hastings, CEO of EVT.

“On the heels of the wildly successful debut of IMAX Sydney, we are excited to expand our collaboration with EVT, a partner that transcends exhibition in creating premium experiences that span cinema, hospitality, leisure and more,” said Rich Gelfond, CEO of IMAX. “Australia and Germany are two markets where consumer demand for IMAX vastly outstrips our footprint, and this deal is great for our fans in both countries and our continued network growth worldwide.”

The new agreement spans EVT subsidiaries Event Cinemas, the biggest exhibitor in Australia, and CineStar, the biggest exhibitor in Germany. IMAX and EVT have enjoyed a successful partnership since 2013 and inclusive of this deal, operate nine locations across Australia, Germany and New Zealand.

This multi-territory deal follows the October 11 opening of the new IMAX Sydney location, which has already become one of the top performing IMAX locations worldwide. Nestled in the heart of Darling Harbour, this iconic venue features 1:43:1 aspect ratio with one of the largest IMAX screens in the world.

The five new IMAX locations across Australia and Germany will blend state-of-the-art Laser by IMAX technology, with EVT’s unparalleled seating experiences. IMAX with Laser systems are immersive by design, developed from the ground-up to deliver crystal clear, lifelike images and precision audio for a moviegoing experience unlike anything else. The ground-breaking 4K laser projection system delivers brighter images with increased resolution, deeper contrast, and the widest range of colours exclusively to IMAX screens.