China agrees to open its market to more American movies
China agreed on Friday, Feb 17, to open its market to more American movies, in a dramatic Hollywood ending to a week-long visit by China's leader-in-waiting that produced billions of dollars in business deals, Reuters reported.
IMAX Corp. announced plans Thursday to open 75 more theaters in China within four years in partnership with Wanda Cinemas, the country's largest theater operator, underscoring the Chinese movie industry's rapid expansion.IMAX, known for its large format film technology, has 45 theaters open in greater China.