PE-backed IMAX, TCL form JV with Wasu Media
IMAX has teamed up with TCL Multimedia Technology to form a joint venture with Wasu Digital Media, a Chinese digital content provider, as part of their home theater initiative.
The move comes shortly after IMAX agreed to sell a 20% stake in its China unit to FountainVest Partners and CMC Capital Partners for $80 million. Wasu is one of five operators approved by Chinese authorities...
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