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What do people mean by “LieMAX”?

Some IMAX-branded theaters have retrofitted screens that are much smaller than those of purpose-built IMAX cinemas and feature lower-resolution digital projectors, leading them to be pejoratively termed “LieMAX” by critics. Traditionally, IMAX theaters were characterized by larger, taller screens than those of standard cinemas, because they were optimized to fit the aspect ratios of IMAX cameras. Retrofitted IMAX theaters often fail to meet these standards.