October 15, 2014—IMAX Corporation plans to use the next Hobbit installment in December to introduce a laser projection system based on technology licensed from Eastman Kodak Co. in 2011. The projectors will be used with the release of The Hobbit: The Battle of the Five Armies, on Dec. 17, according to Chief Executive Officer Rich Gelfond. The Warner Bros. film, directed by Peter Jackson, will be shown in one or two theaters with the new system, as well as the entire IMAX circuit. Metro-Goldwyn-Mayer Inc. shares rights to the film. Read the full article from Bloomberg here.
