Imax inks deal for Indy screen

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TORONTO -- Imax Corp. on Wednesday said it has signed a deal with Kerasotes ShowPlace Theatres, the sixth-largest exhibitor in the U.S., to place one of its giant screens in the company's flagship Indianapolis multiplex.

Toronto-based Imax said Chicago-based Kerasotes, which operates 685 screens in 81 theaters nationwide, will install a large-format screen in the ShowPlace 16 in Indianapolis.

The planned Imax screen will enable ShowPlace 16 to screen digitally-remastered Hollywood movies as well as traditional 2D and 3D Imax movies.

"Imax theaters offer a unique and immersive cinematic experience that cannot be replicated at home or in any other type of theater," Tony Kerasotes, chairman and CEO of Kerasotes ShowPlace Theaters, said in a statement.

Kerasotes ShowPlace will install a multiplex-based MPX theater system, which enables exhibitors to purchase a proprietary Imax projector, sound system and specially designed auditorium for about $1.5 million.

The Canadian-based large-format exhibitor currently operates about 280 screens in 40 countries.

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