May 31, 2012 |
RealD Inc., the leading supplier of 3-D technology to cinemas, has significantly expanded its footprint in China. The Beverly Hills-based company said Thursday that it had reached an agreement with Chinese conglomerate HNA Group to install the company's 3-D technology on up to 500 cinema screens across HNA's new theater circuit. HNA, one of China's Fortune 500 companies, also has investments in the airline, finance and the retail industries. The expansion is among the largest business deals to date for RealD in China, and is the latest evidence of deal-making between companies in the U.S. and the Asian nation.