IMAX Corporation and PVR Ltd, have announced an agreement to install an IMAX theater system in Bangalore that is scheduled to open by March 2013. This deal follows an earlier agreement with PVR Cinemas dated March 2011 for four IMAX theaters.
Under the statement of this agreement, PVR Cinemas will install an IMAX theater in multiplex in Bangalore’s Vega Mall. The exhibitor is also on the lookout of opening two of its previously contracted IMAX theaters in existing complexes in Bangalore and Mumbai in 2012 while the other two IMAX theaters are set to be opened in Delhi and Noida. Thus, this agreement is set to take the total of IMAX commitment of the exhibitor to a figure of five in India. As for IMAX, with this deal its total number of theaters opened or contracted to open in India rises to 14.