The 1960s-era Kino Kosmos cinema house in downtown Tallinn is soon to find new life as the Baltics' first IMAX cinema, its owner has announced.
The IMAX corporation said in statement that it signed the deal with Kino Kosmos owner Saturn Investments today to install the large-format, ultra-high resolution system in the historic cinema, which is currently closed.
“Today's cooperation agreement is a part of our larger expansion strategy in Europe, used to enter new markets and lay a cornerstone for further development,” said Andrew Cripps, who heads IMAX's European, Middle Eastern and African division.
The 739-seat Kino Kosmos first opened its doors in 1964 and underwent an extensive renovation at the beginning of the 1990s. Until foreign investors began opening more modern multiplexes at the beginning of the 2000s, the two-screen Kosmos was the largest cinema house in Estonia.
As of March, there were 738 IMAX cinemas in 53 countries worldwide.