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KNews Exclusive: Management Team To Buy DPI from IMAX

Deal will close by end of year By Denise Harrison
More than two years after entertainment technology giant IMAX purchased Digital Projection, International (
DPI Managing Director Brian Critchley
DPI), a management team led by Managing Director Brian Critchley is buying it back. The move comes during a year or so of financial difficulty for IMAX, which has been hit by the financial woes of film exhibitors which, even with movie attendance being healthy, have had a terrible time retaining profitability.

It appears to be a winning situation for both companies, allowing IMAX to focus on their core business and DPI on theirs.

"What we'll gain is the ability to have our management team focus DPI resources on areas that will provide us and our customers with the best opportunities," explained Mike Levi, president of Digital Projection Inc. "What we may miss is the value of the IMAX brand as it carries a tremendous amount of credibility, but so does ours. They have a lot of good contacts in film and entertainment and we have been able to benefit from those introductions. Our relationship with IMAX remains very positive."

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Related Keywords:Digital Projection Inc, IMAX


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