IMAX Corporation (IMAX) - NYSE
  • Oct. 30, 2015, 7:43 AM
    • IMAX (NYSE:IMAX) signs a long-term agreement with Twentieth-Century Fox to cover future films from the studio.
    • The new deal means IMAX now has multi-picture deals with all the major Hollywood studios.
    | Oct. 30, 2015, 7:43 AM | 1 Comment
  • Oct. 28, 2015, 8:12 PM
    • Star Wars: The Force Awakens (NYSE:DIS) still hasn't locked down a release in key market China, according to execs on the Imax earnings call, though they are hopeful that it can come in January.
    • China maintains a 34-film quota for foreign releases and that number's been hit for 2015. So Disney needed to push to 2016.
    • “We’re hopeful and optimistic" for a January release, says Imax Entertainment (NYSE:IMAX) President Greg Foster. "But until the date is finalized it’s only a ‘guesstimate.' " With heavy investment in China, Imax may need a quick China release even more than Disney.
    • Imax chief Richard Gelfond said he thinks that within two years, China would pass North America to become the No. 1 movie market.
    • Imax rose 1.9% after hours following its earnings release.
    • Previously: Imax -0.4% after in-line profits, 40% gain in revenues (Oct. 28 2015)
    | Oct. 28, 2015, 8:12 PM | 10 Comments
  • Oct. 28, 2015, 5:19 PM
    • Imax (NYSE:IMAX) is off 0.4% after hours following in-line profits for Q3 though revenues that were goosed 40% beat expectations.
    • Adjusted EBITDA of $26.3M missed an expected $26.8M.
    • Revenue by segment: Equipment and product sales, $33.1M (up 181%); Services, $33M (down 0.5%); Rentals, $16.7M (up 22%); finance income, $2.3M (up 9%).
    • In network buildout, the company installed 44 theaters in Q3 (34 new locations) and signed contracts for 35 theater systems (33 new locations, 2 upgrades). Total network was 1,008 systems as of quarter's end, 887 of which were located in commercial multiplexes.
    • Global per-screen average was $220,500. Along with the 37 IMX DMR films from the first nine months, seven more are set for Q4, including The Martian, Crimson Peak, Spectre, The Hunger Games: Mockingjay Part 2 and Star Wars: The Force Awakens.
    | Oct. 28, 2015, 5:19 PM
  • Oct. 28, 2015, 4:55 PM
    • IMAX (NYSE:IMAX): Q3 EPS of $0.17 in-line.
    • Revenue of $85.1M (+40.1% Y/Y) beats by $6.54M.
    | Oct. 28, 2015, 4:55 PM | 1 Comment
  • Oct. 28, 2015, 1:10 PM
    • The rally is on for exhibitor stocks today after Regal Entertainment (RGC +5.8%) reported strong earnings last night.
    • The 10% gain in concessions per patron was an eye-catcher from the Regal report, as well as management's favorable read on Q4 traffic.
    • Gainers include AMC Entertainment (AMC +5.6%), Cinemark Holdings (CNK +3%), Carmike Cinemas (CKEC +3%), Marcus Corp (MCS +2.8%), and Reading International (RDI +1.3%). Sector cousins RealD (RLD +4.9%) and IMAX (IMAX +1.7%) are also higher.
    • Also of note is the Chinese M&A-fueled rally going on in the broad leisure and lodging sectors. Movie chains have long been considered potential targets of China-based media companies.
    • Previously: Lodging and leisure names perk up (Oct. 28 2015)
    | Oct. 28, 2015, 1:10 PM | 3 Comments
  • Oct. 21, 2015, 5:04 AM
    • Early ticket sales for December's Star Wars: The Force Awakens has broken IMAX records with more than $6.5M for U.S. screenings, after a new trailer of the film was aired during ESPN's Monday Night Football.
    • IMAX (NYSE:IMAX) said presales for The Force Awakens far outpaced first day sales for 2012's The Dark Knight Rises and Avengers and 2013's Hunger Games: Catching Fire, all in the $1M presale range.
    • The new movie from Disney (NYSE:DIS) will see the return of veterans Harrison Ford and Carrie Fisher, as well as newcomers Daisy Ridley, John Boyega and Adam Driver.
    • Previously: Box office websites crash after Star Wars 7 preview debuts (Oct. 20 2015)
    | Oct. 21, 2015, 5:04 AM | 11 Comments
  • Oct. 20, 2015, 1:33 PM
    • Huge demand for advance tickets to Star Wars: The Force Awakens crashed the websites of several sellers last night, including AMC Theatres (NYSE:AMC) and Fandango.
    • It's a positive sign for an exhibitor sector looking for a strong Q4. The U.S. box office is already ahead of last year's pace with the Star Wars event in December still to come.
    • The buzz last night was created after the official Star Wars trailer was unveiled (see on YouTube). In less than 15 hours, the preview has generated almost 13M views.
    • Previously: Disney bringing Force to ESPN with MNF 'Star Wars' trailer, ticket presale (Oct. 19)
    • Related stocks: CKEC, RGC, RLD, RDI, CNK, IMAX.
    | Oct. 20, 2015, 1:33 PM
  • Oct. 10, 2015, 9:45 AM
    • IMAX China made a strong debut as it broke new ground by becoming the first Hollywood entertainment company to trade on the Hong Kong Stock Exchange.
    • After pricing near the bottom of its range, shares of the IMAX (NYSE:IMAX) subsidiary rose to over $35 HKD ($4.44). The IPO valued IMAX China at over $1.55B, compared to the $2.56B market cap for its U.S. parent which still owns a controlling stake.
    • Looking ahead: Box office receipts in China are expected to continue to soar, with some estimates showing the China market will pass the U.S. market as early as 2017. IMAX China figures to be a significant player due to the popularity of the large-screen format, although some analysts warn expected blockbusters such as the upcoming Star Wars reboot are already priced into share price.
    | Oct. 10, 2015, 9:45 AM
  • Oct. 8, 2015, 6:55 AM
    • IMAX (NYSE:IMAX) expands a revenue-sharing agreement with Omnijoi Cinema Development to include 15 new IMAX systems in China.
    • The new arrangment almost doubles the IMAX footprint of Omnijoi.
    • Also in the mix today for IMAX, shares of IMAX China may begin trading on the Hong Kong exchange.
    | Oct. 8, 2015, 6:55 AM
  • Oct. 4, 2015, 5:40 PM
    • The Martian flew past projections to take in $55M at the box office during its opening weekend. The science fiction film from 20th Century Fox (NASDAQ:FOXA) is expected to have strong legs after earning a CinemaScore of "A" from moviegoers.
    • The strong reception to the Ridley Scott movie should put an end to Hollywood's fear of the Mars jinx which is based on the performance of previous films centered on the Red Planet.
    • Perhaps most importantly, audiences paid up to see The Martian. 3D accounted for 46% of the box office haul, while the premium large screen format accounted for 11%. Those numbers are positive for IMAX (NYSE:IMAX) and RealD (NYSE:RLD).
    | Oct. 4, 2015, 5:40 PM | 8 Comments
  • Oct. 1, 2015, 9:06 AM
    • IMAX (NYSE:IMAX) priced the IPO for its subsidiary in China at $4 USD which came in at the bottom end of the initial range.
    • IMAX China is raising ~$248M in the IPO.
    • The parent company will retain an ownership stake of just under 70% after the listing in Hong Kong is completed.
    | Oct. 1, 2015, 9:06 AM
  • Sep. 28, 2015, 1:13 PM
    • The U.S. box office is in pretty good shape heading into a blockbuster-packed Q4.
    • The YTD tally of $8.165B through September 27 is 6.2% higher than where exhibitors stood in 2014, and beats the pace of all years since 2010 in gross dollars.
    • In-theater spending is also believed to be higher than a year ago off a higher mix of premium theaters.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Sep. 28, 2015, 1:13 PM | 1 Comment
  • Sep. 22, 2015, 7:37 AM
    • IMAX China (NYSE:IMAX) began selling shares to investors today in Hong Kong for a listing that aims to raise $276M-$317M.
    • The public debut of IMAX China is set for October 8.
    • Reports indicate a "cornerstone" of five investors are locked up to buy $55M worth of shares.
    • IMAX operates 251 theaters in China.
    | Sep. 22, 2015, 7:37 AM | 4 Comments
  • Sep. 10, 2015, 1:58 PM
    • The box office in China is on pace to top 40B yuan ($6.25B) this year as traffic remains strong despite the economic downturn.
    • The overall Chinese box office is expected to pass the North American box office within the next three years.
    • The news is positive for IMAX (NYSE:IMAX) which has slightly more theaters operating or scheduled to be opened in China than the U.S.
    • Shares of IMAX are down 23% over the last three months.
    | Sep. 10, 2015, 1:58 PM | 1 Comment
  • Sep. 7, 2015, 6:32 PM
    • Netflix (NASDAQ:NFLX) released the trailer for its first theatrical film this weekend. The film has already generated positive buzz at film festivals in Europe, including the highly-regarded Venice Film Festival.
    • Beasts of No Nations opens at select theaters and will be available for streaming on October 16. The early take on the film set in Africa is that its intense tone and strong acting performances could put it into the mix for award consideration.
    • Exhibitors will keep a close watch on the film's box office draw, a positive reception could influence how the sector handles future Netflix big screen movies.
    • Related stocks: CKEC, CNK, RLD, IMAX, RDI, MCS.
    • Beasts of No Nation trailer
    | Sep. 7, 2015, 6:32 PM | 33 Comments
  • Aug. 26, 2015, 2:58 PM
    • The only "big" thing moviegoers are likely to see over the year-end holidays is Star Wars: The Force Awakens, as Disney (DIS +2.1%) sets an exclusive pact to take over every Imax (IMAX +1.5%) screen in North America (and most overseas as well).
    • The deal applies to the first four weeks of the film's run, opening Dec. 18. It's unusual for Imax to set aside every screen this way, but the company had done it before, with the Hobbit movies in a 2011 deal.
    • Rivals with Imax-friendly releases might feel the pressure. Warner's In the Heart of the Sea opens Dec. 11 and will get a week before the exclusive, and Fox's The Revenant opens Jan. 18 and then will try to claw into Imax screens against what might be a juggernaut.
    • November's James Bond sequel Spectre and The Hunger Games: Mockingjay -- Part 2 will clear out of the big-screen format by mid-December.
    | Aug. 26, 2015, 2:58 PM | 3 Comments
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