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IMAX and French exhibition company MEGARAMA have announced an agreement to install three new IMAX with Laser systems in France. This deal will double IMAX's footprint with MEGARAMA and includes locations in the northern part of France (set to open in 2025) and two in the suburbs of Paris (scheduled for 2026). Currently, IMAX and MEGARAMA operate two locations in France, with four more planned sites in the backlog. The new locations will feature IMAX's advanced laser projection technology, enhancing the cinematic experience with better image quality and sound. This agreement follows a successful year for IMAX in France, highlighted by record box office earnings of over $23 million in 2023 and a strong Q1 in 2024 driven by the success of "Dune: Part Two".
IMAX (NYSE: IMAX) will participate in the 52nd Annual J.P. Morgan Global Technology, Media, and Communications Conference in Boston, MA. Rich Gelfond, CEO, will be the Executive present at the event. One-on-one investor meetings will also be held. A live webcast of the fireside chat will be available on the IMAX investor relations website.
IMAX (NYSE: IMAX) and SM Cinema have expanded their partnership by adding 10 state-of-the-art IMAX with Laser systems in the Philippines, more than doubling IMAX's footprint in the country. The deal includes three new locations and upgrades to seven existing systems, with three upgrades set to open in 2024 and the rest by 2026. This expansion signifies IMAX's growing presence in the global entertainment market and its business momentum. The collaboration underscores the success of the partnership between IMAX and SM Cinema, with the Philippines being one of IMAX's top performing markets in Southeast Asia.