I just read the press release. The deal calls for a minimum of 40 theaters and up to 120 theaters. They also extended their lease terms from 10 years to 12 years. They also extended the lease deals for the AMC theaters.that's great news. It shows they've had good success with IMAX and want to continue doing business with them for a long time.
BTW - More news on the deal as I'm just reading the Credit Suisse report. The 80 additional theaters are predicated on the successful development of the laser system which is great because that is all on track. They signed up 5 laser systems in Q2. The deal also adds 5 to 10 AMC theaters in the US and the AMC leases were increased from 10 to 13 years.