The Moscow Arbitration Court ordered IMAX to fulfill contracts with cinemas

The Moscow Arbitration Court ordered IMAX Corporation to continue fulfilling the contracts with the united cinema chain Cinema Park and Formula Kino. About it testify court filing data.

We are talking about two agreements concluded by cinemas with a Canadian company in 2008 – for trademarks and for maintenance. Also, the corporation must pay the film network 12,000 rubles. state duty expenses.

The court decision is dated March 22. It is specified that it can be appealed within a month. If IMAX does not comply with the court decision within five days from the date of entry into force of the act, it will have to pay the united cinema network Cinema Park and Formula Kino 200,000 rubles. penalties for each day of non-performance, starting from the sixth.

June 1 gone From Russia. The company did not announce this publicly, but Roman Isaev, board member of the Association of Cinema Owners (AVK), confirmed the information. He also said that all the company’s employees in Russia were fired, and the corporation’s management, represented by the vice president for Eastern Europe, India and the Middle East, moved to London.

At the end of August, Alexei Vasyasin, general director of the united cinema network Cinema Park and Formula Kino, informedthat IMAX banned cinemas from showing films, including Russian ones, on their equipment. Then he pointed to a “very tough contract” and threatened the Canadian company with a lawsuit.

IMAX is a cinema format in which the image becomes brighter, clearer and creates an immersive effect for the viewer due to the larger scale and special length of the screen that exceeds the field of view of a person. The technology belongs to the Canadian company of the same name. Their rights extend to equipment for displaying films in this format and even to speakers that create surround sound.