IMAX Corporation and muvi Cinemas announced their first-ever collaboration with an agreement for four new IMAX® with Laser systems across some of the biggest commercial centers in the country. Under the agreement, muvi Cinemas will bring two IMAX systems to Saudi Arabia's capital and most populous city, Riyadh; one system to Jeddah's Mall of Arabia; and the first IMAX system to Dhahran. Three of the new locations are scheduled to open by the end of 2024, with an additional location to follow in 2025.

Saudi Arabia has consistently ranked among the company's top 20 countries worldwide since its first full year of commercial operation in 2019. Recent releases have yielded historic success for IMAX at the Saudi box office -- Filmed for IMAX release "Oppenheimer" is the grossing IMAX title ever in Saudi Arabia and last month's "Bad Boys: Ride or Die" is among the top five -- and the country continues to be a prime market not only for IMAX Hollywood releases, but also local language content from India and Japan. The 2025 global film slate will feature a record 14 Filmed for IMAX releases.

IMAX currently has 10 open locations in Saudi Arabia, with another 22 slated to open inclusive of its partnership with muvi. IMAX estimates it can open at least 50 locations in the country. The new locations will be set apart by the 4k laser projection system that features a new optical engine, custom designed lenses, and a suite of proprietary technology, all of which delivers brighter images with increased resolution, deeper contrast, and the widest range of colors exclusively to IMAX systems.