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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 Delivers Best Month of July Ever at the Global Box Office with $176.2 Million

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IMAX Corporation delivered a record-breaking performance in July, with $176.2 million in global box office revenue, surpassing the previous high by $52.1 million. Christopher Nolan's 'Oppenheimer' contributed to this success, grossing over $86 million across the IMAX global network. IMAX also had its highest grossing month of July ever in North America and China. The company plans to extend the global run of 'Oppenheimer' and debut it in IMAX in China on August 30.
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IMAX CORPORATION REPORTS Q2 2023 RESULTS

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IMAX Corporation (NYSE: IMAX) reports strong Q2 year-over-year growth with a 32% increase in Revenue, 31% in Gross Margin, and 29% in Adjusted EBITDA. The company also achieved 84 system signings, more than double the 2022 total, and 29 system installations through June. IMAX's global box office share hit a record-breaking 20% indexing with the $35 million IMAX debut of 'Oppenheimer.' Cash flow improved, with $25.9 million cash from operations in the first half of 2023 compared to $(5.3) million in the same period of 2022.
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IMAX® AND CINEPLEX EXPAND LONG-TERM PARTNERSHIP WITH ADDITIONAL IMAX LOCATIONS ACROSS CANADA

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IMAX Corporation and Cineplex Inc. have announced an expansion of their partnership with the addition of five new IMAX systems and two upgrades to IMAX with Laser in key locations across Canada. Cineplex has also renewed the agreement terms for 24 existing IMAX locations through 2028. This partnership reaffirms Cineplex's commitment to the IMAX Experience and demonstrates the demand for IMAX among exhibitors and consumers.
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Record-Shattering $35 Million Debut for "Oppenheimer" Lifts IMAX to Top-Five Weekend All Time at Global Box Office

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IMAX® (NYSE: IMAX) claims a massive 20% share of the global debut for Christopher Nolan's 'Oppenheimer' on only 740 screens worldwide, setting multiple IMAX records and achieving the biggest July opening weekend ever, both globally and domestically.
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IMAX Jumps to Franchise-Record $25 Million Global Opening for "Mission: Impossible - Dead Reckoning Part One"

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IMAX® AND OSCAR®-NOMINATED FILMMAKER NATHANIEL KAHN JOIN FORCES ON "DEEP SKY", A DOCUMENTARY ON NASA'S JAMES WEBB SPACE TELESCOPE

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IMAX Corporation To Announce Second-Quarter Financial Results And Host Conference Call

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IMAX Corporation Announces Intent to Acquire Full Ownership of IMAX China Subsidiary

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IMAX Corporation proposes to acquire the outstanding shares of IMAX China for approximately HK$10 per share in cash, representing a 49% premium to the 30-trading day average closing price. The acquisition is expected to enhance IMAX Corporation's financial profile and unlock new growth opportunities in China. The transaction is subject to approval and is expected to be accretive to IMAX Corporation immediately following completion.
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IMAX, BEACH HOUSE PICTURES AND CHINA REVIEW STUDIO JOIN FORCES ON "THE ELEPHANT ODYSSEY", A NEW FEATURE DOCUMENTARY ON CHINA'S WANDERING ELEPHANTS

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IMAX Announces Extension of Current Share-Repurchase Program

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IMAX Corporation announced a 3-year extension to its share-repurchase program, allowing the repurchase of up to $400 million of its common shares. The current program has repurchased approximately 12.4 million shares for $208.5 million. The company has $191.5 million remaining for repurchases. The program may be suspended or discontinued at any time.
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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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