According to Variety, the historic Grauman’s Chinese Theater made a deal to revamp the classic venue into a 986-seat IMAX Theater.
The converted theater will become the largest IMAX auditorium in the world in terms of seating capacity. L.A. Times reports that the mega-screen company plans to utilize the Chinese Theater for premieres of big-budget action films.
President of Chinese Theaters Alwyn Hight Kushner provided this statement: “As we embark on our much-anticipated renovation of the TCL Chinese Theater, IMAX will play a key role in rejuvenating this historical landmark.”
IMAX CEO Richard L. Gelfond also remarked, “Today’s agreement is the perfect marriage of Hollywood history and cutting-edge entertainment technology that will transform the movie-going experience for guests of the TCL Chinese Theater for years to come.”
The renovation is set to begin when the Hollywood Boulevard landmark closes on May 1 and is expected to be completed around late summer.
Opened in 1927 by Sid Grauman, the cinema was renamed TCL Chinese Theater earlier this year. Tourists frequently visit the Chinese Theater to view more than 200 handprints that celebrities imprinted in the concrete in front to the building. These include Hollywood legends like Shirley Temple, John Wayne and Frank Sinatra as well as modern stars like Daniel Radcliffe, Rupert Grint and Emma Watson from the Harry Potter films.