EFY Times  
Tuesday, October 06, 2015

IMAX And China's WASU Group Announce Content Delivery Agreement For IMAX-TCL Premium Home Theatre
Home >> Electronics >> Business Deal                                                                                PRESS RELEASE
IMAX And China's WASU Group Announce Content Delivery Agreement For IMAX-TCL Premium Home Theatre  
Rate this news:  (0 Votes)
Thursday, April 17, 2014 IMAX Corporation (NYSE: IMAX; TSX: IMX) and TCL Multimedia Technology Holdings Ltd. today announced a joint-venture partnership with Wasu Digital TV Media Group (WASU) as part of their IMAX TCL home theatre initiative. As one of China's largest digital content providers and one of five operators approved by the state to deliver multimedia content to the home, WASU will license and distribute IMAX-enhanced Hollywood and Chinese current theatrical and other content to the IMAX-TCL premium home theatre system.

The deal builds on the 2013 joint venture agreement between IMAX and TCL to design, develop and manufacture a premium, fully integrated home theatre system that is expected to launch in China and select other global markets in 2015. Today's agreement is a significant milestone in the IMAX-TCL initiative that will enable the delivery of a wide array of premium, wholly differentiated IMAX content in the home.

"Following our joint venture with TCL and our investment in Prima Cinemas' secure content transmission technology, today's content alliance marks the next logical step in the development of our premium home theatre offering in China," said IMAX CEO Richard L. Gelfond. "As a pioneer in digital content transmission and the navigation of the regulatory environment in China with extensive experience and knowledge of the local business landscape, WASU is the ideal content distribution and operation partner and enables a complete end-to-end premium home theatre experience for consumers in China."

"As TCL is transforming itself towards becoming a customer-centered entertainment technology provider, we are committed to bringing world-class movie experiences to households by working with IMAX and the Hollywood studios," said Tomson Dongsheng Li, Chairman and CEO of TCL Corp. "The addition of our long-time partner WASU to this venture will provide us valuable distribution resources and market channels as well as access to high-quality local content."

"With the world's largest Internet population, entertainment consumption in China is undergoing a dramatic transformation. We are committed to supporting innovations that reflect the new digital media realities that are currently underway," commented Qiang Cao, chairman of WASU Digital TV Media Group. "The merging of TCL Multimedia and IMAX's ground-breaking entertainment technology in a home theatre environment is a powerful collaboration. We are proud to be a part of this offering which we believe will set a new standard of excellence in China's premium home theatre market."

"Today's agreement, along with the recent investment in our China business by CMC Capital Partners and FountainVest Partners, is consistent with our long-term strategy in the country," concluded Gelfond. "We are committed to aligning ourselves with strategic Chinese partners to better address consumer and market needs in order to strengthen our business interests in China and those of our shareholders."

Print Email Post Comment 
(Total Views: 490)

Electronics News
LSE Leading Security Experts Expands Into American Market
Actiontec Launches The First Enterprise-Grade Wireless Display Solution
TCL Boosts Brand Recognition With A Promotional Film Displayed On The Screen Overlooking Times Square
Foscam Expands Product Line With Two New Plug And Play Indoor IP Cameras Featuring Full High Definition Video, 1080P And Super Wide Viewing
ANSYS And GE Work Together To Enable A World Of Smarter Industrial Machines
Most popular



Registrations Open for OSI Days 2015, Asia's Largest Show on Open Source
5 Tips To Boost Your Home WiFi
Will WhatsApp Ever Land On Ubuntu?
5 Ways Microsoft Office 2016 Can Make Your Life Easier
Kyulux Inc., Corning, Pixelligent, And More Headline OLEDs 2015 Agenda
Linux Kernel 4.2.2 Now Available For Download
5 Devices Unveiled At Yesterday's Google Event
Infosys Joins Hands With General Electric To Bring New IoT Solutions
More Secrets Of OTA-7 Revealed
'Made In India' Forgotten Over A Newly Launched Foreign Product
OpenShot 2.0 Open-Source Video Editor To Be Launched Soon
Ubuntu To Receive Updates Even After Its Stable Release
The India-Pakistan Cyberwar
HID Global Drives The Evolution Of Secure Identity Solutions At ASIS 2015
5 Ways To Speed Up Your Mac
Introducing Skype With Android Wear Support


9 Motorola Phones That Will Get Taste Of Android 6.0
Motorola is the first manufacturer to announce it’s plans for Marshmallow update....
5 Reasons That Suggest Google Is Becoming New Microsoft
In today's market, Google is under siege from all directions....
5 Ways Microsoft Office 2016 Can Make Your Life Easier
Microsoft Office 2016 is a comprehensive solution that is designed to make your work life easier....
5 Ways To Speed Up Your Mac
Sluggish computing experience is frustrating. Here are 5 ways to help you speed up your Macintosh computer....
5 Tips To Boost Your Home WiFi
You can get the most out of your home WiFi by using simple tricks....
5 Unique Features Of Microsoft Office 2016
Office 2016 brings tons of new features and apps to boost productivity of users....
Top 5 Heroes Of The Linux World
The world of open source is driven by key people who control it....
Top 5 Open Source Software Foundations
Open Source projects are supported and promoted by Open Source Software Foundations. ...
Top 6 Plugins And Extensions For Gmail
These Gmail extensions can boost your email productivity....
6 Hidden Design Features In Apple Products
Apple is known for paying keen attention to design aspects of Apple products. ...
5 Technologies That Tick Off Linus Torvalds
Linux creator is known for making harsh comments on technologies that don't appeal to him!...
Top 5 Open Source Storage Solutions
The right storage solution is crucial for business. Open source tools can minimize the investment cost....
5 Ways To Get Student Contributors For Open Source Project
Community managers are always keen on attracting student volunteers to open source project!...
5 Open Source Alternatives To Gmail
Here are open source webmails that are as good as Gmail!...
Five Simple Reasons Why We Love iPhones
Apple is all geared up for its much hyped event on September 9. While the countdown has already begun, we bring you five simple reasons why we are in ...
  View All
Meet Pranjal Saxena, India's 21 Year Old Electronics Wizard
Milan Ondhia of EFYTimes was in a forthright conversation with the 21 year old Pranjal Saxena from New Delhi; an aspirant at the WorldSkills meet, in ...
“We Offer Managed Document Solutions To CIO And IT Decision Makers”: Canon
Manufacturing within the country will surely reduce the cost of our devices, but manufacturing can begin only if there is the desired eco-system and w...
“One Day The End User Can Open Up A Used Battery, And Use What’s Inside As Barbecue Sauce”
Of course that is not something currently possible, but what B&B Batteries does have are some secret recipes for their very specialised battery design...
We Wish To Procure All The LED Components Within India: Avni Energy
G. Gururaja, director, Avni Energy Solutions Pvt Ltd, shares his views about the expanding LED industry in the Indian market and the company's plans i...
We Have Registered 50 Per Cent Growth In The Last Two Years: Arihant Lighting
Apart from LEDs, Arihant is associated with the promotion of renewable energy in India and therefore, manufactures various energy saving products....
  View All
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
View All
IFA 2014
IFA 2014: LG Launches 34-Inches Curved Monitor
The company is yet to confirm price and availability of the device....
IFA 2014: Intel Launches First Core M Range Of Processors
This range of processors is tailor-made for 2-in-1 devices which include a tablet and a laptop....
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
View All
19th Consumer Electronic Imaging Fair To Be Held On ...

View All

home archives contact us advertise with us
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
Electronics Annual Guide
EFY Awards
Linux & Open Source
Consumer Electronics
Science & Technology
EFY Techcenter

Educational Kits
© Copyright 2015 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions