IMAX To Build 10 New Theaters In China

IMAX Corporation will build 10 new IMAX theaters in China in partnership with IMAX China Holding Inc. and Shanghai Aurora Movie Co., the company said Wednesday. Eight of the theaters will be built at Imax's construction projects throughout China and the other two locations are not yet determined. Shares of IMAX have fallen 8.6% in the past three months compared to the S&P 500's gain of 9%.