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Equipment firms foresee Asian bonanza1 min read

14 December 2010 < 1 min read


Equipment firms foresee Asian bonanza1 min read

Reading Time: < 1 minute

Giant screen company IMAX says it can see 12-fold growth in China alone as screen numbers rise from the 24 that will be operational from January for the release of Tron: Legacy to 300 a few years out.

If that sounds fanciful, the company in November informed investors that it already has 100 under contract.

The company’s growth spurt comes as a result of what Greg Foster, chairman and president of film entertainment at IMAX, calls a perfect storm.

“The economy turned at the right time for us,” he says. “And where we used to be focussed on our physical strengths – seating, screen size, sound – it is now about branded entertainment and emotional attachment.” That plays strongly in China with its newly-affluent and aspirational demographics.

Read the full story here >>

via Film Business Asia

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