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IMAX Corporation (NYSE: IMAX) stands as a premier global technology platform for entertainment and events. Renowned for its immersive cinematic experiences, IMAX combines proprietary software, specialized auditorium architecture, and patented technology to deliver unparalleled visual and sound quality. The company's innovative approach enables it to be a leader in multiple facets: as a technology innovator, a Hollywood collaborator, and a global enterprise.
IMAX partners with top filmmakers and studios to enhance blockbuster movies and documentaries, ensuring that every film shown in its theaters offers a unique, awe-inspiring experience. The company's state-of-the-art systems are operational in over 1,772 theaters across 90 countries, making it a dominant force in the global cinema landscape.
Recent achievements highlight the company's robust performance and innovation. For instance, IMAX recorded a stellar 22% of the global box office for 'Dune: Part Two' in its second weekend, marking the biggest global weekend market share in the company's history. Furthermore, IMAX has expanded its footprint by partnering with Major Cineplex in Thailand and Miraj Cinemas in India, adding numerous state-of-the-art IMAX with Laser systems.
Financially, IMAX remains solid with significant liquidity and a strategic share-repurchase program aimed at enhancing shareholder value. As of March 31, 2024, the company reported available liquidity of $367.0 million and continues to invest in technology and global expansion.
IMAX's commitment to innovation extends beyond just films. It is also a pioneer in live events, gaming, and virtual reality experiences. Additionally, the company maintains a strong presence on social media and regularly engages with its audience through platforms like Instagram, Facebook, LinkedIn, X (formerly Twitter), and YouTube.
Headquartered in New York, Toronto, and Los Angeles, IMAX also operates offices in London, Dublin, Tokyo, and Shanghai. The company continues to drive forward with plans for further global expansion and technological advancements, solidifying its position as a leader in the entertainment industry.
IMAX Corporation achieved its best October performance, generating $100 million at the global box office, surpassing the previous $84 million record from 2013. This success was driven by the release of Dune, which earned $9 million in North America, accounting for 22.5% of the film's domestic total. The film debuted on 1,300 IMAX screens worldwide, contributing to IMAX's largest global October opening weekend with $17.8 million. IMAX is expected to maintain strong box office performance with upcoming releases like Eternals and Spider-Man: No Way Home.
IMAX Corporation (NYSE: IMAX) will hold a quarterly conference call on October 28, 2021, at 8:30 a.m. ET to discuss its third-quarter financial results. The call will be available via webcast and telephone. U.S./Canada participants can dial (800) 437-2398, while international callers should use (647) 792-1240, with conference code 1560158. A replay will be accessible post-call. As of June 30, 2021, IMAX operated 1,654 theater systems globally.
IMAX Corporation reported a remarkable $30 million at the global box office over the weekend, marking its best October weekend ever and the highest global weekend total since December 2019. Key contributors included Sony/Marvel's 'Venom: Let There Be Carnage', which earned $9.6 million from IMAX screens, and 'No Time to Die', debuting with $6.8 million across 284 IMAX screens internationally. The strong performance indicates a healthy resurgence in global moviegoing, with significant contributions from diverse blockbuster films.
IMAX Corporation (NYSE: IMAX) and Lochmann Filmtheaterbetriebe announced the opening of the world's largest IMAX screen at the Traumpalast Multiplex in Leonberg, Germany, on September 30, 2021. The screen measures 21.03 meters high and 38.16 meters wide, debuting with the premiere of "No Time to Die." The theater features IMAX with Laser technology and a unique 12-channel sound system. This marks IMAX's eighth location in Germany, enhancing its market presence as it continues to grow, focusing on delivering premium movie experiences.
IMAX Corporation announced that CEO Richard L. Gelfond will present at the Goldman Sachs 2021 Communacopia Conference on September 22, 2021, at 2:55 p.m. EST. The event will be accessible via live webcast on the company's investor relations site, with an archive available for 90 days. As of June 30, 2021, IMAX operates 1,654 theater systems globally. The company continues to play a vital role in theatrical distribution for major films, utilizing innovative technology to enhance audience experiences.
IMAX Corporation (NYSE: IMAX) announced that CEO Richard L. Gelfond will present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference on September 13, 2021, at 3:15 p.m. EST. The presentation will be webcast live, available at investors.imax.com, and archived for 90 days. IMAX continues to innovate in entertainment technology, operating 1,654 theaters in 85 countries as of June 30, 2021, and remains a key player in major event film distribution.
IMAX Corporation set new records at the box office with Disney/Marvel's 'Shang-Chi and the Legend of the Ten Rings,' achieving a stunning $13.6 million opening weekend across its global network. This event marked the highest global September and Labor Day weekend opening ever for IMAX. Domestically, the film earned $8.5 million, representing 9.4% of its total box office and reaching a per-screen average exceeding $21,000. Overall, IMAX grossed $16.8 million for the weekend, reinforcing the strong demand for exclusive theatrical releases.
IMAX Corporation reported a significant rebound in Q2 2021, generating $51.0 million in revenue, a 475.4% increase year-over-year. The gross margin improved to $25.6 million, with a 50.2% margin percentage. Although there was a net loss of ($9.2 million), this represents a dramatic improvement from ($26.0 million) in Q2 2020, reflecting the ongoing recovery of the film industry and increased demand for IMAX experiences. The company anticipates a strong moviegoing season with upcoming blockbuster releases.
On July 11, 2021, IMAX Corporation reported a robust $12 million global debut for Marvel Studios' 'Black Widow', marking its best opening weekend during the pandemic across 11 markets, including North America. The film generated $7.2 million in North America alone, capturing 9% of the domestic box office and achieving a per screen average of $19,000. Additionally, IMAX's global box office gross for the weekend was $14.5 million, with 11 countries setting pandemic-era opening records, confirming strong audience demand for theatrical releases.
IMAX Corporation (NYSE:IMAX) will hold a quarterly conference call on July 27, 2021, at 4:30 p.m. ET to discuss its second-quarter 2021 financial results. The call will be accessible via telephone and webcast, with a replay available afterward. As of March 31, 2021, IMAX operates 1,652 theater systems across 84 countries. The company is an innovator in entertainment technology, enhancing cinematic experiences globally.
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