Imax Corp Stock Price, News & Analysis

IMAX Corporation has secured a major partnership with EVO Entertainment Group to install eight new IMAX® with Laser systems, marking its most significant expansion in North America in a decade. The agreement includes seven locations in Texas, including Houston and Austin, and one in Florida, with openings expected by Q3 2023. This collaboration, announced at CinemaCon 2023 in Las Vegas, signifies IMAX's commitment to enhancing movie-going experiences. To date, IMAX has signed 63 agreements for new or upgraded systems worldwide in 2023, surpassing the total for all of 2022. The new technology promises brighter images, deeper contrast, and a wider color range, enhancing the premium cinema experience.

IMAX Corporation (NYSE: IMAX) announces an expansion of its partnership with CMX Cinemas to add three IMAX with Laser systems in Florida. This agreement nearly doubles IMAX's presence with CMX in the state, introducing two new locations in Daytona Beach and Palm Beach and upgrading one site in Miami. The deal comes amid strong box office results, highlighted by IMAX's record-breaking performance with 'Avatar: The Way of Water.' The existing partnership, which began in 2017, now includes a total of eight locations across the eastern U.S. The new installations will leverage advanced IMAX technology, aiming to enhance the cinematic experience for moviegoers.

IMAX Corporation has announced a new partnership with Cinemex, a leading Mexican exhibitor, marking the most significant expansion of the IMAX Experience in Mexico in a decade. This partnership includes the installation of six new state-of-the-art IMAX with Laser systems across key cities, with openings anticipated in the fourth quarter of 2023. This venture not only signifies the first rollout of IMAX technology in the Cinemex network but also responds to a growing demand for premium cinematic experiences, highlighted by recent box office successes.

The collaboration was revealed at CinemaCon 2023 in Las Vegas, showcasing IMAX's commitment to enhancing audience experiences by delivering advanced technology and superior image quality. Cinemex, celebrating its 30th anniversary, operates nearly 3,000 screens in Mexico and aims to further innovate its service offerings.

IMAX Corporation made a significant debut at the 100th NAB Show, showcasing its innovations in video quality and streaming technology. The company received the prestigious Product of the Year award for its SSIMWAVE subsidiary's VOD Monitor tool. At the event, IMAX executives discussed enhancing the streaming experience while preserving creative intent. Key highlights included the introduction of Stream Smart™ technology, aimed at improving streaming economics, and productive discussions with industry partners. With a legacy in theatrical experiences, IMAX is extending its reach into the streaming landscape, connecting with top media corporations and leveraging AI-driven solutions to enhance viewer experiences.

IMAX Corporation (NYSE: IMAX) and Major Cineplex announced an expansion of their partnership with an agreement to install up to ten IMAX with Laser systems in Thailand and Cambodia by 2025. This expansion includes five new systems and four upgrades at key locations such as Bangkok and Phnom Penh. Major Cineplex, the largest exhibitor in Thailand, operates seven IMAX locations and has seen substantial box office success, including record attendance for 'Avatar: Way of Water'. The new installations will enhance IMAX's presence in Southeast Asia, where the company achieved its highest-grossing year in both countries in 2022.

IMAX Corporation and Galaxy Cinema have announced a significant partnership to introduce two state-of-the-art IMAX with Laser systems in Vietnam. This deal marks the first premium IMAX with Laser installations in the country, with locations set for Ho Chi Minh City and another site in 2023. The agreement expands IMAX's presence in Vietnam from four to six systems, being the first new construction in the market since 2019. Notably, IMAX experienced record box office success in Vietnam in 2022, including high grossing for Avatar: The Way of Water. The new theatres will utilize advanced 4K laser projection technology, providing enhanced visuals and sound quality for an unmatched viewing experience.