IMAX Corporation (IMAX) - NYSE
  • Thu, May 19, 3:19 PM
    • IMAX (IMAX -0.4%) announces that it's working with Google to develop a virtual reality camera that will enhance 3D movies.
    • The cutting edge camera will be used in connection with Google's Jump platform for 3D viewing.
    • IMAX execs were at the Google I/O developer conference today to promote the new partnership.
    | Thu, May 19, 3:19 PM | 3 Comments
  • Wed, May 4, 10:58 AM
    • Racked.com published an engaging review of IMAX's (IMAX +0.5%) new cycling studio project.
    • The takeaway on IMAX Shift leans to the negative side with some work on the visual experience seen as still being needed. "You can’t just throw together a bunch of random visuals and expect people to get excited about it, " writes Ryan Sutton.
    • Looking ahead, Sutton does see some upside with the possibilities of immersive visuals endless for the indoor cycling crowd.
    • The article is relevant to investors waiting to snatch up shares of SoulCycle (Pending:SOULC) after the IPO launches.
    | Wed, May 4, 10:58 AM | 2 Comments
  • Thu, Apr. 21, 7:56 AM
    • IMAX (NYSE:IMAX) reports a global box office increase of 64% to $272M for Q1.
    • The reported adjusted EBITDA margin rate of 37.4% was up 1,050 bps from last year's level of 26.9%.
    • The total IMAX theater network was 1,066 systems at the end of the quarter with a backlog of 388 systems.
    • "We continue to see substantial signings momentum in key geographical areas including China, Japan and India," notes CEO Richard Gelfond.
    • Previously: IMAX beats by $0.07, beats on revenue
    • IMAX +3.64% premarket to $34.14.
    | Thu, Apr. 21, 7:56 AM
  • Thu, Apr. 21, 7:32 AM
    • IMAX (NYSE:IMAX): Q1 EPS of $0.22 beats by $0.07.
    • Revenue of $93.13M (+49.7% Y/Y) beats by $9.46M.
    • Press Release
    | Thu, Apr. 21, 7:32 AM
  • Wed, Apr. 20, 5:30 PM
    | Wed, Apr. 20, 5:30 PM | 13 Comments
  • Tue, Apr. 19, 7:39 AM
    • IMAX (NYSE:IMAX) announces it signed a revenue sharing agreement with Uci Kinowelt in Germany.
    • Uci Kinowelt is the subsidiary of German IMAX partner Odeon & Uci Cinemas Group.
    • Odeon now has 18 IMAX theaters under contract.
    • IMAX International president Andrew Cripps says the German market has shown some of the highest per-screen revenue averages in Europe.
    | Tue, Apr. 19, 7:39 AM | 1 Comment
  • Mon, Apr. 18, 10:03 AM
    • Wedbush backs its bullish view on IMAX (IMAX +3.4%) ahead of the company's Q1 earnings report due out on Thursday.
    • Key drivers for future earnings growth include the expanding IMAX footprint in Europe and the Middle East,  as well as intriguing developments on the content side.
    • An improved slate of premium films and some leveraging of costs on higher sales volume could also help to lift the bottom line
    • Lead analyst Michael Pachter ranks #8379 out of 8,889 analysts on TipRanks.
    • Previously: IMAX to test indoor cycling concept (April 18)
    | Mon, Apr. 18, 10:03 AM | 2 Comments
  • Mon, Apr. 18, 8:01 AM
    • IMAX (NYSE:IMAX) announces it will test a new group cycling concept called IMAXShift.
    • The immersive cycling experience will be launched out of a studio in Brooklyn later this month.
    • The company says a larger roll-out of IMAXShift through a licensing model could be in the works if the Brooklyn test goes well. That development could put some pressure on SoulCycle (Pending:SOULC) in certain markets.
    | Mon, Apr. 18, 8:01 AM
  • Sat, Apr. 16, 10:06 AM
    • Amazon (NASDAQ:AMZN) delivered a strong message to the exhibitor industry on its movie distribution plans during a presentation this week at CinemaCon.
    • "All films will be released theatrically, with an aggressive marketing campaign to bring audiences to your theaters," stated Studios Marketing and Distribution Chief Bob Berney. Most importantly, Berney tipped off that theater chains will have an exclusivity window before films are streamed.
    • The company's commitment to fully back films in theaters stands in opposition to the strategy of Netflix (NASDAQ:NFLX) which has been accused of using limited theatrical exposure as a way to qualify for awards.
    • Amazon snapped up six new films at the Sundance Film Festival earlier this year, a few of which appear to have strong box office appeal.
    • Also creating some buzz at CinemaCon was Sean Parker's The Screening Room which is looking to completely disrupt the industry with a service that makes films accessible at home the same day they are released in theaters. Most analysts think Parker will fail to get a majority of the major theater chains to play ball. On the studio side, a top Warner Bros. exec strongly hinted at CinemaCon that a middle-man wouldn't be allowed into the party.
    • Related stocks: CKEC, AMC, CNK, RDI, IMAX, MCS, LGF, DWA, FOXA, TWX.
    • Now read Amazon Just Fired A Major Shot At Netflix
    | Sat, Apr. 16, 10:06 AM | 32 Comments
  • Wed, Apr. 13, 7:48 AM
    • IMAX (NYSE:IMAX) signs a new deal with Shanghai Aurora Movie Co.
    • The deal calls for ten theaters to be added in the People's Republic of China. Eight locations have already been selected.
    • Shanghai Auruora is a Chinese company with a focus on building out modern international standard theaters.
    • IMAX China (OTC:IMXCF) is a subsidiary of IMAX.
    | Wed, Apr. 13, 7:48 AM
  • Tue, Apr. 5, 8:31 AM
    | Tue, Apr. 5, 8:31 AM | 1 Comment
  • Mon, Apr. 4, 7:41 AM
    | Mon, Apr. 4, 7:41 AM
  • Wed, Mar. 30, 10:14 AM
    • AMC Entertainment (NYSE:AMC) is down 3.2% after B. Riley downgrades the exhibitor stock to a Neutral rating from Buy over concerns of Q2 box office numbers.
    • Cinemark (CNK -2.6%) and Regal Entertainment (RGC -1.1%) were lowered to Neutral by the B. Riley team as well on the same box office anxiety. IMAX (IMAX -0.8%) and Marcus Corp. (MCS -1.2%) were left alone by B. Riley, but are also in retreat.
    • The YTD box office gross in the U.S. is tracking behind last year's level, according to data from Box Office Mojo. The comparison could be troubling with last year's film slate back-end loaded.
    | Wed, Mar. 30, 10:14 AM | 5 Comments
  • Mon, Mar. 28, 7:47 AM
    • IMAX (NYSE:IMAX) announces that it brought in $36M from Batman vs Superman: The Dawn of Justice over the film's opening weekend.
    • The Warner Bros. film debuted on 945 IMAX screens globally to mark the company's widest opening launch ever.
    • Batman vs. Superman averaged $46K per screen in the U.S. during the opening.
    • Previously: 'Batman v Superman' nails box office record (March 28)
    | Mon, Mar. 28, 7:47 AM | 2 Comments
  • Tue, Mar. 22, 1:50 PM
    • Stifel Nicolaus takes a favorable view on the extension of the lock-up period for two IMAX China (OTC:IMXCF) private equity shareholders which follows the sale of 20M shares in a secondary.
    • "We view this as positive given the more manageable supply into the market as the stock trades 600k/shares per day," reads the new analyst note.
    • Stifel keeps a Buy rating on IMAX and $45 price target. The PT reps 16x the firm's 2016 EV/EBITDA estimate minus the minority interest estimate.
    • IMAX (NYSE:IMAX) is down 3.74% on the day.
    • Previously: IMAX lower after Chinese investors sort out lock-up terms (March 22)
    | Tue, Mar. 22, 1:50 PM
  • Tue, Mar. 22, 12:38 PM
    • Shares of IMAX (NYSE:IMAX) are trading again after a short halt due to a news announcement.
    • IMAX China (OTC:IMXCF) disclosed that lead investors CMC Capital Partners and FountainVest Partners have agreed to extend the lock-up period for another three months past April 8.
    • The two firms were allowed to sell 20M shares early as part of the agreement with underwriters.
    • IMAX is down 4.17% to $30.77. IMAX China was down by roughly the same amount in Hong Kong trading.
    | Tue, Mar. 22, 12:38 PM
Company Description
IMAX Corp. is an entertainment technology company, which specializes in motion picture technologies and presentations. The company's principal business is to design and manufacture of premium digital theater systems and the sale, lease or contribution of those systems to customers under theater... More
Industry: Photographic Equipment & Supplies
Country: Canada