Imax shares nosed higher in after-market trading, up over 3% on solid numbers, new installations, and a roaring good outlook by CEO Rich Gelfond. Content revenues of $30 million fell 32% year-over-year, up against Christopher Nolan’s phenomenon Oppenheimer — the company’s fifth highest grossing title of all time — in the year prior. Despite the decline, the
IMAX
Imax has struck a deal with Muvi Cinemas, Saudi Arabia’s biggest exhibitor, to open four new Imax With Laser locations (it’s most advanced) at some of the biggest commercial centers in the country including two in Riyadh, the capital and most populous city, and and one in Jeddah’s Mall of Arabia. Another location will be the first
MGM/Imax’s The Blue Angels lands a hefty $1.3 million on just 255 domestic Imax screens from limited showtimes in the large format exhibitor’s exclusive theatrical engagement. The Paul Crowder film, with Glen Powell and Bad Robot as producers, follows the Navy’s famed demonstration flying squadron. It also “ushers in a new era for IMAX Documentaries, or Docu-busters,” the company said.
As Deadline first told you, Francis Ford Coppola‘s Megalopolis was always destined for an Imax release. Heck, the first screening was shown at Universal CityWalk Imax theater. So, there’s no news in the fact that the $120 million dystopian future epic is getting a global Imax release. But here’s some: we hear that Coppola himself
Babes by Pamela Adlon, co-written and starring Ilana Glazer, debuts in limited release with films by Hang Song-soo and Bertrand Bonello and docs on a controversial Venice Biennale, ground-breaking female clerics, and the Blue Angels Navy Squadron. A trio of festival favorites expand. While eyes now are on fare at Cannes — where Neon has
Following the global success of Oppenheimer and Dune: Part Two, Imax is looking forward to its biggest ever “filmed for Imax” slate in 2025, including at least 14 titles currently shooting with Imax film or Imax-certified digital cameras, which are due for release next year. The company said today that the 2025 slate more than
The holds on Legendary/Warner Bros’ Dune Part Two have been great week-to-week since its March 1 opening, nothing steeper than -45% in a given week and as low as -36% in its third. That’s all due to Imax, and for fans who savor the Denis Villeneuve directed sequel, it’s getting an extended run in that
The NBC television network will extend its live coverage of the 2024 Paris Olympics Opening Ceremony to Imax locations nationwide on Friday, July 26 — the first time the global event will be presented live on the big screen. The first-ever Summer Olympic opening ceremony not held in a stadium will take place on the
A24 and Imax have teamed up to bring past A24 titles to large format fans in a new monthly screening series kicking off March 27. The Imax debut of Alex Garland’s 2014 sci-fi classic Ex Machina is first up with the presentation including an “exclusive sneak peek” at Garland’s upcoming Civil War. Civil War, also
Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock has popped more than 8% in after-market trading on the numbers and outlook. Adjusted ebitda (earnings before interest, taxes, depreciation
Imax and Adam McKay’s Hyperobject Industries have started production on Stormbound, a feature documentary the follows storm chaser Jeff Gammons. Imax is financing the project, which is directed by Miko Lim (Ocean Mother) using Imax film and Imax digital cameras. It’s slated for release in 2025 across the big-screen theater network. “Next to firefighters, there may
Refresh for latest…: There were two new Hollywood entries at the international box office this weekend as both Warner Bros/Village Roadshow/Heyday Films’ Wonka and Universal/Illumination’s Migration began early offshore rollout, though on different patterns. It was good news all around with Timothée Chalamet-starrer Wonka launching to $43.2M in 37 markets, well ahead of pre-weekend projections.
Imax and Pathé Live in partnership with Mercury Studios and Queen Films will release Queen Rock Montreal globally for four days in January digitally remastered for Imax. The film of a live concert in Montreal in November of 1981, directed by the late Saul Swimmer, will hit 450+ Imax locations globally for four days starting Jan. 18 in the UK,
As it continues its rapid global growth, IMAX has set a significant expansion of its partnership with Pathé Cinemas in Europe, pacting for five new IMAX with Laser systems locations, four of which will be in France. The agreement also spans distribution, with IMAX and Pathé Live set to release three upcoming Pathé Live films
Imax CEO Rich Gelfond predicts the long SAG-AFTRA strike will settle relatively soon. If, instead, it drags on, theater chains will face a rocky second half of 2024 but he sees the large-format exhibitor standing apart. “An exhibitor who programs a multiplex needs lots of movies,” he told Wall Streeters after Imax reported a record
In yet another move to increase its footprint in Asia, IMAX is expanding its partnership with Hengdian Films via an agreement for 20 new IMAX with Laser systems across China. This marks the largest deal for new IMAX systems in four years, reinforcing the strong demand among Chinese exhibitors and audiences for the premium experience
Imax said today it won’t proceed with its proposed acquisition of the outstanding stake in Imax China after a vote of shareholders of its subsidiary fell short. Some 70% of the shares voted were in favor of the deal, but those against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. Approximately
Imax CEO Rich Gelfond turned a media conference Q&A back on the host today, grilling a Goldman Sachs analyst about the firm’s two-year ‘sell’ rating on the stock when, he said, much of the Street has a ‘buy’. The two were discussing Gelfond’s $1.1 billion box office projection for Imax, made earlier this year,
As Barbie becomes the highest-grossing film of 2023 today at the domestic box office with north of $575M, Warner Bros and Imax said the Greta Gerwig-directed movie is getting a one-week Imax release starting September 22 in North American and select locations around the world. The pic starring Margot Robbie and Ryan Gosling has cleared
AMC Entertainment set a new post-Covid record for global admissions revenue this past weekend with Barbie and Oppenheimer leading a charge that drew 7.8 million moviegoers to theaters. Warner Bros/Mattel’s Barbie racked up $162 million opening weekend. Universal’s Oppenheimer stands at $82.4 million for a $300 million weekend at the domestic box office. For Imax, Christopher Nolan’s Oppenheimer delivered a $35 million debut
Imax chief executive Rich Gelfond said he’s never seen China let as many U.S. titles into country as early as they have this year. After a slowdown in the pace that caused some angst in Hollywood, there’s been a steady stream of releases — although not necessarily a surge in ticket sales — with The
IMAX is ramping up its operations in France, as well as expanding its longstanding relationship with Kinepolis in Europe and North America. In France, IMAX will aim to nearly triple the number of its systems from the 22 currently in operation to more than 60. One of those will be in partnership with Belgian exhibitor
Imax chief executive Rich Gelfond said blockbuster titles will probably be back on Imax screens later this year, as per Top Gun: Maverick last year and, more recently, Titanic’s 25th anniversary re-release. “Yes, I think they do. Especially seeing what happens at the Academy Awards, and what wins,” said Gelfond when asked on a conference
Imax said today it expects to return to its pre-pandemic gross box office level of $1.1 billion in 2023, as it reported revenue of $98 million for last year’s fourth quarter, down 10% from the year before. That dip, in-line with Wall Street forecasts, comes despite blockbuster Avatar: The Way of Water and was due largely to
EXCLUSIVE: Imax has inked a deal with Wanda Films, China’s largest exhibitor, to install six Imax systems in new multiplexes across top Chinese markets including Shanghai, Shenzhen, and Guangzhou. Wanda will also relocate and upgrade three of its existing Imax systems to forthcoming locations. The agreement marks an expansion of their work together and a
Sarigama Cinemas’ Ponniyin Selvan: Part One crashed the weekend box office at no. 6, looking at $4+ million on 500 screens for a per theater average of $8,260, the biggest of the top ten. The Tamil-language historical epic being billed as India’s Game of Thrones is based on a Tamil history book series that’s read
Imax is out this Sunday with Brandi Carlile: In The Canyon Haze – Live from Laurel Canyon on 31 screens nationwide, an encore of a live event that reps a milestone for the large format exhibitor. The concert was broadcast Thursday from LA’s storied Laurel Canyon neighborhood to 87 Imax theaters (there would have been
Imax Corp. has acquired Ssimwave, an Ontario-based AI-driven tech firm whose clients include media giants from Disney and Paramount Global to Warner Bros. Discovery and NBCU parent Comcast. It’s a cash and stock deal worth $21 million. Imax has also worked with Ssimwave, an expert in enhancing on-demand and live visual imagery for broadcast and
Big screen exhibitor Imax has extended the employment agreement of chief executive Richard Gelfond through Dec. 31, 2025. The amendment to Gelfond’s initial agreement, effective as of January 1, 2023, also commits to annual equity award grants in 2023, 2024 and 2025. Otherwise his compensation and severance terms remain the same, according to an SEC
Imax just cut a deal for six new big-screen installations in China this year — “a very positive development,” according to CEO Rich Gelfond. The company is a big player in the Chinese market, which is still strained by Covid lockdowns and in limbo for Western theatrical releases. He noted the new contract during a