Theaters: Iwerks Entertainment has agreed to design...

Theaters: Iwerks Entertainment has agreed to design and build four “Turbo Tour Theaters” featuring ride simulation equipment for family entertainment complexes being developed by Blockbuster Entertainment Corp. The locations of the centers have not yet been disclosed. Iwerks added that it plans to produce films to screen exclusively at the Blockbuster theaters. The theaters will allow viewers to watch a film while the seats move in a way that makes the audience feel as if it’s moving along with the action on the screen. For Blockbuster, which recently announced a merger agreement with Viacom Inc., the deal is part of the company’s strategy to expand beyond its main video rental business and into such areas as the development of large family entertainment centers.