IMAX Licenses Exclusive Right to Kodak's Next-Generation Laser Projection Technology

IMAX Corporation IMAX and Eastman Kodak Company EK announced today a relationship that will broaden the application of digital cinema technologies in theatres and enhance the consumer's movie-going experience. The companies announced that IMAX has licensed from Kodak certain exclusive rights in the digital cinema field to a portfolio of more than 50 patent families covering fundamental laser projection technology. IMAX also licensed from Kodak certain exclusive rights in the digital cinema field to a broader range of Kodak patents covering complementary technologies useful for laser projection products. While the agreement is royalty bearing to Kodak, the specific terms of the deal were not announced. IMAX's licensing of Kodak's revolutionary laser projection technology and patents will enable IMAX, for the first time ever, to deliver the highest-quality digital content available to IMAX® film-based screens larger than 80 feet and to dome theatres. This technology also will allow IMAX to distribute content with greater efficiency to the company's global theatre network.