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IMAX Corporation (IMAX)

  • Wed, Jun. 10, 7:45 AM
    • IMAX (NYSE:IMAX) strikes a deal with Novo Cinemas for two new theaters in Dubai.
    • Both theaters will be located at the massive IMG Worlds of Adventure which holds the distinction of being the world's largest indoor theme park.
    • IMAX now has six theaters in the Middle East through its partnership with Novo Cinemas.
    | Wed, Jun. 10, 7:45 AM | Comment!
  • Mon, Jun. 8, 10:58 AM
    • IMAX (IMAX +0.2%) announces Jurassic World will open in more than 800 theaters worldwide to mark the widest release ever of a movie in the company's format.
    • The company expects the Universal film to do well in China where IMAX theaters have shown strong results for Hollywood action blockbusters.
    • The premiere in the U.S. is set for June 12.
    | Mon, Jun. 8, 10:58 AM | 2 Comments
  • Thu, May 28, 10:50 AM
    • Shares of IMAX (IMAX +5.9%) jump to an all-time high after the company announces plans for a Hong Kong IPO for IMAX China.
    • The slate of Hollywood movies scheduled to be released for the balance of this year and in 2016 is viewed as favorable to IMAX China.
    • Previously: IMAX China files for Hong Kong IPO
    | Thu, May 28, 10:50 AM | Comment!
  • Thu, May 28, 9:16 AM
    | Thu, May 28, 9:16 AM | Comment!
  • Thu, May 28, 7:28 AM
    • IMAX (NYSE:IMAX) announces that Chinese subsidiary IMAX China has filed for an IPO on the Hong Kong Stock Exchange.
    • IMAX China has continued a strong pace of theater signings in the region this year.
    | Thu, May 28, 7:28 AM | 1 Comment
  • Thu, May 14, 7:37 AM
    • IMAX (NYSE:IMAX) signs a two-theater deal with Vue International.
    • The new outlets are both located in England.
    • IMAX already partners with Vue in Denmark where one of its theaters is the highest-grossing site in the nation.
    | Thu, May 14, 7:37 AM | Comment!
  • Mon, May 11, 7:39 AM
    • IMAX (NYSE:IMAX) announces its struck a deal with Huayi Brothers Cinema Investment Co. for three new theaters in China.
    • New IMAX theaters are scheduled to be built in Beijing, Wuhan, and Hefei.
    • IMAX operates its business in China through its IMAX China subsidiary.
    | Mon, May 11, 7:39 AM | Comment!
  • Tue, May 5, 3:57 PM
    • Exhibitors are only taking in about 40% of the massive U.S. and Canada box office from Avengers: Age of Ultron under the terms of deals struck with Disney, reports Los Angeles Times.
    • Studios and theater owners typically agree on a 50-50 split.
    • Leverage applied by Disney also applies to how discounts and movie passes are treated for the Marvel film to chip away at what is still a stellar payday for the group.
    • It's widely anticipated movie theater chains will sit below the 50% level for the upcoming Star Wars movie in December.
    • Previously: 'Avengers' marks second-best $187.7M weekend for Disney (May 4)
    • Exhibitor stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Tue, May 5, 3:57 PM | Comment!
  • Tue, May 5, 7:51 AM
    • IMAX (NYSE:IMAX) announces Mad Max: Fury Road will be released in the company's large-screen format in 25 different overseas markets next week.
    • The company set a non-China record over the weekend when Marvel's Avengers: Age of Ultron brought in $25.2M
    • The Disney film averaged a sizzling $50K per screen in the U.S. for the weekend.
    • IMAX expects a big haul in China when Avengers debuts there on May 12.
    | Tue, May 5, 7:51 AM | Comment!
  • Thu, Apr. 30, 7:36 AM
    • IMAX (NYSE:IMAX) reports Q1 box office was up 20% Y/Y, led by strong international results.
    • Revenue from joint sharing arrangements rose 46% to $15.87M.
    • The company struck 21 theater signings during the quarter.
    • A total of 13 new theater installations were added to the system to bring the total IMAX theater network to 943.
    • Shares of IMAX are +21.7% YTD.
    • Previously: IMAX beats by $0.02, beats on revenue
    | Thu, Apr. 30, 7:36 AM | Comment!
  • Thu, Apr. 30, 7:23 AM
    • IMAX (NYSE:IMAX): Q1 EPS of $0.07 beats by $0.02.
    • Revenue of $62.21M (+29.1% Y/Y) beats by $7.87M.
    • Press Release
    | Thu, Apr. 30, 7:23 AM | Comment!
  • Mon, Apr. 20, 12:41 PM
    • IMAX (IMAX +1.1%) announces it renewed its film deal with Warner Bros.
    • The new agreement will cover 30 Warner films through 2020, including some anticipated blockbusters such as Batman v Superman: Dawn Of Justice and Godzilla 2.
    • Earlier this month, IMAX inked a new deal with Disney.
    • Shares of IMAX are threatening to break through their all-time highs carved out in 2011.
    • Previously: IMAX signs new picture deal with Disney (Apr. 08 2015)
    | Mon, Apr. 20, 12:41 PM | Comment!
  • Fri, Apr. 17, 3:21 PM
    • The exhibitor sector is on watch after reports indicate the DOJ has increased scrutiny on the exclusivity agreements struck between theater chains and movie studios.
    • Smaller chains and indie theaters have complained to regulators for years about the unfairness of the clearance agreements.
    • In the past, analysts have discounted the odds of harsh regulatory action with the theater release window model cracking a bit.
    • Theater stocks are down roughly in-line with market averages today.
    • Exhibitor stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Fri, Apr. 17, 3:21 PM | Comment!
  • Wed, Apr. 15, 1:42 PM
    • Teenagers prefer to watch movies in IMAX (IMAX -0.5%) theaters over any other movie format, according to a survey of the group by Piper Jaffray.
    • 21% of teens named IMAX their top film viewing choice vs. 19% for 2D in theaters and 18% for digital streaming.
    • The 3D format was further down the list with a 11% preference rate.
    • It's a strong overall read on a group previously forecast to be a drag on theater revenue growth.
    • Related stocks: CKEC, AMC, CNK, MCS, RGC.
    | Wed, Apr. 15, 1:42 PM | Comment!
  • Wed, Apr. 8, 8:04 AM
    • IMAX (NYSE:IMAX) renews its picture deal with Disney through 2017.
    • The agreement will ensure IMAX will be involved in many of Disney's live-action and animated blockbusters.
    • 25 Disney movies have hit IMAX screens since 2009.
    • Financial terms of the deal weren't disclosed.
    | Wed, Apr. 8, 8:04 AM | Comment!
  • Mon, Apr. 6, 8:14 AM
    • Canaccord Genuity upgrades IMAX (NYSE:IMAX) to a Buy rating and lifts its price target on shares to $38.
    • The investment firm has increased confidence on a Q1 earnings beat and thinks an IMAX China IPO could be a catalyst.
    • IMAX sold a 20% stake of its Chinese business last year to local investors.
    • Related: Box office sales and in-theater spending trending strong (Apr. 05 2015)
    | Mon, Apr. 6, 8:14 AM | Comment!
Company Description
Imax Corp is an entertainment technology company, specializing in motion picture technologies and large-format motion picture presentations.