[1] In 1995, after 18 months of negotiations with the Darling Harbour Authority, Cinema Plus Pty Ltd received approval to construct an IMAX theatre in Sydney.

The cinema featured an eight storey screen with the capacity to seat 540 people, and its construction cost $18 million AUD.

The cinema opened with a party that was attended by 700 guests who viewed a screening of the film The Living Sea.

[6] On 25 September 2016, the cinema was demolished in order to make way for a new complex called The Ribbon that was planned to open in 2019.

[7] On 11 October 2023, after 4 years of delays, the cinema reopened with a screening of Avatar: The Way of Water.