Imax buys into tech startup

Investor's Business Daily

The movie projection systems maker has acquired an unspecified stake in startup Prima Cinema, which has a proprietary system that can encrypt and transmit theatrical releases from Hollywood studios for secure home viewing. The technology will be used with a consumer home theater system that Imax (IMAX) is developing, which will feature its imaging technology. As part of the deal, Imax will get 5-year exclusive rights to sell Prima's systems in China. Imax shares rose 1.1% to 29.09.

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