Turkey: IMAX and CJ CGV to Develop Four New IMAX Theaters in Turkey

As announced by the IMAX Corporation and South Korea-based CJ CGV cinema operator, the two companies have signed an agreement earlier this week to open four new IMAX^® theaters in Turkey, some of which will be added to existing multiplexes and some of which will mark new locations. The Mars Entertainment Group, a subsidiary of CJ CGV, will be responsible for the operation of the theaters. Currently, Turkey counts seven IMAX theaters throughout the country – including the development of the four new sites, the number of IMAX theaters operated in cooperation with CJ CGV increases to a total of 133 facilities in South Korea, China, Vietnam and Turkey.

“We’re delighted to build on our success in Turkey and expand our presence in this underpenetrated region. CJ CGV is a valued partner that has helped us to establish the IMAX network and brand across many international markets. With the strength of this partnership and of our existing sites in Turkey, we believe we are well-positioned for expansion in this emerging market,” said Richard L. Gelfond, IMAX CEO. Seo Jung, CEO of CJ CGV, added: “There is enormous potential in the Turkish cinema industry. We’re delighted to further expand the IMAX Experience® with more moviegoers through this opportunity and look forward to IMAX’s contribution to the deepening of Turkish cinema industry.” (eap)