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Sunday, June 10, 2012

RealD Reaches Deal With HNA Group

     Hollywood is capitalizing, or filling the damand of growth opportunities in China.  China recently surpassed Japan as the world's largest foreign market for Hollywood films.  RealD, Inc., the world's leading supplier of 3-D technology to cinemas, has reached an agreement with Chinese conglomorate HNA Group to install the company's 3-D technology on as many as 500 screens on HNA's theatre circuit.  Companies such as RealD are hoping to take advantage of the rapid growth of China's theatre industry.  RealD's 3-D cinema system is available on 650 screens in China with an additional 1,250 screens that are going to be installed.  RealD also recently signed agreements with Bona Film Group and Poly Film Investment Co. to add 200 RealD screens.   See also, http://www.hollywoodreporter.com/.

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