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) is an entertainment technology company whose proprietary software, architecture, and equipment support a global network of premium IMAX theaters. News about IMAX often centers on its box office performance, partnerships with studios and exhibitors, and developments across its content and technology platform.
Recent company announcements highlight record results at the global box office, including a reported $1.28 billion in IMAX global box office in 2025 and record performance in North America, China, and other international markets. IMAX news also covers major film releases on its network, such as “Avatar: Fire and Ash,” which the company describes as one of the biggest IMAX openings in its history, and a strong Thanksgiving lineup led by titles like “Zootopia 2” and “Wicked: For Good.”
Investors and followers of IMAX news can expect updates on agreements with exhibition partners, such as the multi-location deal with Cinemark to add and upgrade IMAX with Laser and IMAX 70mm film systems. The company also issues news on content partnerships, including its expanded collaboration with GKIDS to present 4K Studio Ghibli restorations in IMAX locations across North America.
In addition, IMAX uses news releases to communicate financing and capital structure actions, such as its convertible senior notes offerings and investor day events that outline its long-term growth plans. This news page is a resource for tracking IMAX’s announcements on box office milestones, film slates, technology deployments, and financial transactions over time.
IMAX Corporation reported significant financial growth in Q3 2022, with total revenue increasing by 21% year-over-year to $68.8 million. Gross margin improved by 15%, totaling $31.7 million. Although there was a net loss of $9 million, adjusted net loss shrank to $3 million, outperforming last year. Notably, the total IMAX gross box office rose 25% to $177.1 million, driven by local language blockbusters. The acquisition of SSIMWAVE aims to enhance IMAX's streaming technology capabilities.
IMAX Corporation announced a partnership with Saudi Cinema Company, expanding their collaboration with six new IMAX with Laser systems in Saudi Arabia. This expansion will increase the number of IMAX screens in the kingdom from 12 to 18 across major cities. In 2021, Saudi Arabia's box office reached nearly $240 million, ranking it among IMAX's top ten global markets. IMAX's network also captures over 15% market share for major Hollywood releases despite having less than 6% of overall screens.
IMAX Corporation (NYSE: IMAX) is set to hold a quarterly conference call on October 31, 2022, at 4:30 p.m. Eastern Time to discuss its third-quarter 2022 financial results. The call will be accessible via webcast and telephone, with a pre-registration process in place for dial-in participants. As of June 30, 2022, IMAX operates 1,694 theater systems globally. The upcoming call is anticipated to provide insights into the company’s performance and future outlook.
IMAX Corporation has announced a significant nine-theatre deal with Wanda Film, China's largest exhibitor, marking the installation of six new IMAX systems in key markets. This agreement is the first of its kind since February 2021, highlighting a renewed momentum in the Chinese market. Additional upgrades will be made to three existing IMAX systems. The partnership, which spans over a decade, now includes locations in major cities such as Shanghai and Shenzhen, further solidifying IMAX's position in the global box office landscape.
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IMAX Corporation and Xperi, Inc. announced an expansion of the IMAX Enhanced movie collection via Rakuten TV. This collaboration will introduce 100 IMAX Enhanced titles across eight European countries over the next six months. The service will enhance viewing experiences by offering exclusive expanded aspect ratios and IMAX signature sound. The partnership aims to meet the growing demand for premium cinematic experiences among consumers.
IMAX Corporation has acquired SSIMWAVE Inc. for $18.5 million in cash and $2.5 million in stock, with an additional potential $4 million earnout. This acquisition aims to enhance IMAX's video quality capabilities, particularly for streaming services. SSIMWAVE's Emmy-winning technology improves video quality across platforms, benefiting major clients like Disney and Paramount. IMAX expects the acquisition to contribute positively to revenue in 2023 and emphasizes the strategic importance of advancing its entertainment technology leadership.
IMAX Corporation has appointed Michele Golden as its Global Chief People Officer, effective September 13, 2022. Golden, with over 20 years of experience in human resources at major media companies, will lead IMAX's human resources, recruiting, talent management, and diversity initiatives. Previously, she served as Chief HR Officer for HBO Max at WarnerMedia. IMAX aims to strengthen its global teams and culture as it seeks growth in entertainment technology under the leadership of Golden, who will report to CEO Rich Gelfond.
IMAX Corporation announced a $200 million increase in its share-repurchase program, raising the total repurchase authority to $400 million. Since the program's inception on July 1, 2017, approximately 10.0 million shares have been repurchased for an aggregate price of $175.0 million, achieving a 15% reduction in shares outstanding. The repurchase authorization allows for $225.0 million in future purchases until June 30, 2023. IMAX has received an exemption from the Ontario Securities Commission to facilitate these repurchases under specific conditions.
IMAX Corporation has appointed Jennifer Horsley as the new Senior Vice President of Investor Relations. With over 20 years of experience, primarily from her tenure at Xerox and her recent role at Taboola, Horsley will spearhead IMAX's investor relations strategy. Reporting to Natasha Fernandes, the CFO, she aims to strengthen IMAX's presence in the investment community. The company seeks to leverage its unique business model and a strong film slate to drive growth.