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Imax Corp - IMAX STOCK NEWS

Welcome to our dedicated page for Imax news (Ticker: IMAX), a resource for investors and traders seeking the latest updates and insights on Imax stock.

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.

News

IMAX Soars to Banner Year in 2023 with $1.06 Billion in Global Box Office

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IMAX Corporation (IMAX) achieved a historic milestone with its highest grossing year ever at the domestic box office, generating $393 million in 2023. The company's global box office reached $1.06 billion, marking the second highest grossing year in its history. IMAX experienced a 24.4% growth in global box office over 2022 and programmed a record 98 new films worldwide in the year. Christopher Nolan's 'Oppenheimer' was the top grosser with $183.2 million, and the company's global technology platform outperformed exhibitors with a 2% increase over its 2017-2019 average. IMAX CEO Rich Gelfond expressed the company's commitment to pushing the envelope with technology and driving future growth. IMAX also saw record-breaking performances at the North American box office and grosses from local language films worldwide, with $227 million in local language box office from films across China, India, and Japan. The company expects to program more than 100 films, experiences, and events globally in 2024, including highly anticipated blockbusters and exclusive experiences.
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IMAX and Pathé Live Announce The Global Release of "QUEEN ROCK MONTREAL" Exclusively In IMAX Theatres For A Limited Engagement Beginning January 18

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IMAX (NYSE: IMAX) and Pathé Live, in partnership with Mercury Studios and Queen Films, announced the global release of 'QUEEN ROCK MONTREAL' exclusively in IMAX® beginning January 18, 2024. The film captures Queen's historic 1981 concert in Montreal, digitally remastered for The IMAX Experience®. The concert features Queen's greatest hits, including 'We Will Rock You,' 'Bohemian Rhapsody,' and 'Another One Bites the Dust.' 'QUEEN ROCK MONTREAL' will be released in over 450 IMAX locations globally for four days, showcasing Queen's unparalleled musicianship and vocal talents in their rawest form.
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PATHE CINEMAS and IMAX® Expand Strategic Partnership with Agreement Spanning Five New IMAX Systems and Content Slate

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PATHE CINEMAS (IMAX) Expands Partnership with Five New IMAX with Laser Systems in Europe and Distribution Agreement for Three Upcoming Films with PATHE LIVE
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IMAX TO PRESENT AT THE 7TH ANNUAL WELLS FARGO TMT SUMMIT

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IMAX Corporation (NYSE: IMAX) to participate in the 7th Annual Wells Fargo TMT Summit, featuring CEO Rich Gelfond. The company will also engage in one-on-one investor meetings at the conference, joined by CFO Natasha Fernandes and Senior VP of IR Jennifer Horsley. A live webcast of the fireside chat will be accessible on the IMAX investor relations website at investors.imax.com.
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EVT and IMAX® Expand Partnership with Five New IMAX Locations in Australia and Germany

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EVT and IMAX Corporation have announced an agreement for five new IMAX with Laser systems in Australia and Germany. EVT will integrate a new IMAX screen experience in Sydney and four locations in Germany. The deal follows the successful launch of IMAX Sydney, which is already the highest grossing IMAX location outside the US and UK. This marks the biggest deal for IMAX systems in Germany.
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IMAX CORPORATION REPORTS RECORD Q3 2023 RESULTS

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IMAX reports strong Q3 financial results with significant year-over-year growth in revenue, gross margin, and adjusted EBITDA. Network growth accelerates and system signings double compared to 2022. Q3 marks the second highest grossing quarter in IMAX's history. Cash flow generation remains robust. IMAX remains on track for significant growth in system signings, installations, and adjusted EBITDA for the full year.
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IMAX® and Hengdian Films Strike Biggest IMAX Deal in Four Years For Twenty New Locations in China

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Hengdian Films and IMAX Corporation announced an expanded partnership with an agreement for twenty new IMAX with Laser systems across China. The agreement marks the largest deal for new IMAX systems in four years, reflecting the renewed demand among Chinese exhibitors and audiences for The IMAX Experience with Hollywood and local content alike.
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IMAX® and GSC Expand Partnership with Six IMAX Locations in Malaysia

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IMAX expands partnership with Golden Screen Cinemas in Malaysia, adding six state-of-the-art IMAX with Laser systems.
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IMAX Sparkles With $13 Million Global Debut "TAYLOR SWIFT: THE ERAS TOUR"

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IMAX's film 'TAYLOR SWIFT: THE ERAS TOUR' had an impressive $13 million debut, making it the biggest IMAX opening ever for a film by a musical artist. In North America, it earned $11 million on IMAX screens, which accounted for 11% of the overall domestic gross. The film will open in additional international markets on October 26 and November 3.
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IMAX Corporation To Announce Third-Quarter Financial Results And Host Conference Call

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IMAX Corporation to hold conference call to discuss Q3 2023 financial results
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FAQ

What is the current stock price of Imax (IMAX)?

The current stock price of Imax (IMAX) is $24.52 as of December 20, 2024.

What is the market cap of Imax (IMAX)?

The market cap of Imax (IMAX) is approximately 1.3B.

What makes IMAX unique in the entertainment industry?

IMAX Corporation uniquely combines proprietary software, architecture, and equipment to create immersive cinematic experiences. It is a technology innovator, Hollywood collaborator, and a global enterprise with theaters in over 90 countries.

How does IMAX partner with filmmakers and studios?

IMAX collaborates with top filmmakers and studios to enhance their blockbusters and documentaries, ensuring each film offers a unique, immersive experience using IMAX's cutting-edge visual and sound technology.

What recent achievements has IMAX accomplished?

IMAX recently recorded 22% of the global box office for 'Dune: Part Two' during its second weekend. The company also expanded its global footprint by partnering with Major Cineplex in Thailand and Miraj Cinemas in India, adding new state-of-the-art IMAX with Laser systems.

What is IMAX's financial condition?

As of March 31, 2024, IMAX reported available liquidity of $367.0 million, robust financial health, and a strategic share-repurchase program aimed at enhancing shareholder value.

What are IMAX's future plans?

IMAX plans to continue expanding globally, investing in advanced technologies, and diversifying its content offerings across film, live events, gaming, and virtual reality experiences.

How many theaters does IMAX operate worldwide?

IMAX operates over 1,772 theaters across 90 countries, making it a dominant force in the global cinema landscape.

What social media platforms does IMAX use?

IMAX maintains a strong presence on Instagram, Facebook, LinkedIn, X (formerly Twitter), and YouTube to engage with and update its audience.

Where are IMAX's headquarters located?

IMAX has headquarters in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai.

What is IMAX with Laser technology?

IMAX with Laser is IMAX's most advanced theatre experience, developed to deliver crystal clear, lifelike images and precision audio. It features a ground-breaking 4K laser projection system with a new optical engine, custom designed lenses, and proprietary technology.

How can investors access IMAX's financial results?

Investors can access IMAX's financial results and updates through the IMAX Investor Relations website located at investors.imax.com, where they also post quarterly box office results and other relevant information.

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Imax Corp

NYSE:IMAX

IMAX Rankings

#2315 Ranked by Market Cap
N/A Ranked by Dividends

IMAX Stock Data

1.30B
42.52M
19.15%
87.68%
9.01%
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