2nd Imax 3D Theater to Open

Edwards Theatres Circuit Inc. has signed an agreement to operate its second Imax 3D theater as part of a new, 24-screen complex being built in Ontario. Edwards has also entered into a nonbinding agreement with Toronto-based Imax to open up to five additional Imax 3D theaters over the next seven years.

The Ontario theater is scheduled to open late this year or early next. Financial terms weren’t disclosed.

The first Edwards Imax 3D Theatre, which opened March 15 at the Irvine Spectrum, attracted 103,000 people in the first month. The 460-seat theater has had an occupancy rate of more than 75%, with weekend rates averaging 90%, Imax said.