Events at Gateway


IMAX (short for Image MAXimum) is a motion picture film format created by Canada's IMAX Corporation.
IMAX Theatres to Close at the end of June 2010

Old Mutual Investment Group Property Investments (OMIGPI), in its capacity as managing agent on behalf of OMLACSA (Old Mutual Life Assurance Company of South Africa) has an agreement with Imax Corporation to operate two Imax Theatres in South Africa, an agreement that terminates on 30 June 2010.

As part of a drive to focus on core activities, OMIGPI has decided not to continue directly operating the Imax Theatres past the expiry date of the agreement.

Although the Imax movie format has provided a niche offering at Menlyn Park and Gateway Theatre of Shopping over the years; the existing equipment is now outdated in relation to the latest specification Imax Theatres found around the world. Imax attendance levels and take up by customers in the market are not sufficient to sustain ongoing business and justify additional capital costs that are necessary to convert to updated equipment and operating costs required. Issued by: Old Mutual Investment Group Property Investments


Contact Details
IMAX THEATRE GATEWAY
Telephone: 031 566 4414/5
Website: www.imax.co.za

For more information on IMAX history and technology visit http://en.wikipedia.org/wiki/IMAX