IMAX relies heavily on several major movie exhibitors to support its top-line growth. China-based international theater exhibitor AMC/Wanda, the world’s largest theater exhibitor, accounts for an outsized portion of the company’s sales. Should the Chinese company develop their own large screen format and cannibalize its IMAX footprint before or after their 12-year agreement expires, IMAX would take a sizable hit. The company needs to be careful then, as it strives to break more ground in more nations, to not overexpose itself to one or two exhibitors in exchange for quicker foreign market penetration.