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) delivers groundbreaking immersive entertainment through its premium theater systems and cinematic technology innovations. This dedicated news hub provides investors and industry professionals with authoritative updates on corporate developments shaping the future of experiential entertainment.
Access real-time announcements including quarterly earnings disclosures, strategic partnership agreements, and advancements in proprietary laser projection systems. Our curated collection features official press releases about theater network expansions, film remastering breakthroughs, and executive leadership updates directly from IMAX’s corporate communications team.
Key content categories include financial performance reports, technology patent announcements, global exhibition partnerships, and content production collaborations. Bookmark this page for reliable updates on IMAX’s initiatives in premium theatrical experiences and its evolving role in the entertainment ecosystem.
IMAX Corporation announced a 12-month extension to its share-repurchase program, now valid until June 30, 2022. The program allows for the repurchase of up to $200 million in common shares, with $89.4 million remaining. Since its inception on July 1, 2017, the program has seen approximately 6 million shares repurchased for about $110.6 million, resulting in a 9% reduction of shares outstanding. Despite the extension, IMAX has no current plans for further buybacks due to the operating environment.
On June 10, 2021, IMAX Corporation announced that its CEO, Richard L. Gelfond, will present at the Credit Suisse 23rd Annual Communications Conference on June 15, 2021, at 2:55 p.m. EST. The event will be webcast live and accessible via investors.imax.com. The presentation will be archived for 90 days.
IMAX Corporation (NYSE: IMAX) has announced the election of Darren Throop, founder of Entertainment One, as the Chairman of its Board. Also, Steve Pamon, former COO of Parkwood Entertainment, has been elected to the Board. These decisions were made during the Annual and Special Meeting of Shareholders. Throop's extensive background in global content and business scaling is expected to guide IMAX's growth strategy, while Pamon's experience in entertainment and technology will support the company’s new opportunities. Both appointments are effective immediately.
IMAX (NYSE: IMAX) reported a robust domestic opening weekend of $5.3 million for 'A Quiet Place Part II' across 361 screens, marking its largest opening since the pandemic began. This accounted for 9% of the film's box office despite IMAX only operating on less than 3% of total screens. Social distancing measures limited capacity to 40% in major U.S. markets like New York and California. Globally, the film earned $6.1 million, with IMAX generating $9.5 million worldwide, boosted by Universal's 'F9'. CEO Rich Gelfond emphasized this as a significant momentum shift for the box office.
IMAX recorded a significant $14 million from the international launch of Universal's "F9" across 800 screens in various regions, marking the biggest Hollywood opening since December 2019. China led with $12.4 million, representing 9.2% of "F9"'s gross on just 1% of screens. This sets a new performance benchmark for IMAX in the franchise. CEO Rich Gelfond highlighted a resurgence in moviegoing, indicating strong pent-up demand. The film's success is expected to enhance box office recovery globally.
IMAX Corporation (NYSE: IMAX) announced CEO Richard L. Gelfond will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021, at 5:55 p.m. EST. The conference will be webcast live, accessible at investors.imax.com, and archived for 90 days. IMAX is a leader in entertainment technology, operating 1,652 theater systems across 84 countries. The company is known for its innovative cinematic experiences and collaborations with top filmmakers.
IMAX Corporation (NYSE: IMAX) announced that CEO Richard L. Gelfond will present at the 16th Annual Needham Virtual Technology and Media Conference on May 18, 2021, at 12:45 p.m. ET. The conference will be accessible via a live webcast at investors.imax.com. The presentation will be archived for 90 days.
IMAX Corporation (NYSE: IMAX) reported Q1 2021 financial results, highlighting a revenue increase to $38.8 million, a gross margin of $17.3 million, and positive EBITDA driven by a rebound in global box office, totaling $110 million. The company noted a significant recovery in Asia and encouraging trends in North America, with a record high for local language films in Japan. Despite a net loss of $14.8 million, IMAX strengthened its balance sheet with $230 million in convertible notes and $267.8 million in cash. Patrick McClymont will leave as CFO, with Joseph Sparacio as interim head.
IMAX Corporation (NYSE: IMAX) will hold a quarterly conference call on April 29, 2021, at 8:30 a.m. ET to discuss its first-quarter 2021 financial results. The call will be accessible via webcast or by dialing (800) 367-2403 for US and Canada participants. An international line is available at (647) 490-5367. A replay can also be accessed via webcast or phone. IMAX emphasizes its role as a key innovator in entertainment technology.
IMAX (NYSE: IMAX) reported its biggest domestic opening weekend in over a year, with 'Godzilla vs. Kong' earning $4.5 million across 284 screens. The film sold out over 1,000 IMAX showings, accounting for almost 25% of all IMAX showtimes. Internationally, it grossed $13 million this weekend, leading to a 10-day cumulative total of $28 million globally. Despite ongoing capacity restrictions, IMAX screens secured 9.3% of the weekend box office, signaling a strong recovery and a promising pipeline of upcoming films.
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