Thursday, September 8, 2011
RealD Wins Another Chinese Deal
Los Angeles-based RealD, the provider of 3D theater projection technology, has signed another Chinese theater chain, the company reported today. RealD said it has signed an agreement with SHIMAO Cinema Investment Company Limited, to install its technology in 100 cinema screens in China. Financial impact of the win was not disclosed. RealD said SHIMAO has the option to increase the number of its installations, to up to 500 screens. RealD said it now has 400 screens in China installed with its technology, with 1,000 committed cinema screens in the country.