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January 2, 2008

National Amusements buys Providence Place IMAX

Sixth-grader Malick Karmoko watches "Walking on the Moon" at the Feinstein IMAX Theatre in 2005.

PROVIDENCE -- IMAX Corp. has sold the Feinstein IMAX Theatre to National Amusements Inc., giving National Amusements control over both cinemas in the Providence Place mall.

The deal closed on Monday, according to Stephen Romanello, the theater's former director. The ownership change is expected to be announced tomorrow.

Spokesmen for both companies declined to comment today. In an e-mail, Sarah Gormley, a spokeswoman for IMAX Corp., headquartered in Toronto and New York City, said the company would not say what it was paid for the theater.

IMAX, a large-format film company, offers giant screens and 3-D experiences to movie goers. It designs and operates IMAX theatres and manufactures cameras and projectors. National
Amusements, a privately held company based in Dedham, Mass., operates more than 1,500 movie screens in the U.S., U.K., Latin America and Russia under the brands Showcase, Multiplex, Cinema de Lux and KinoStar.

Posted by Benjamin N. Gedan  at 4:39 PM | Permalink

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