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 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.
IMAX Corporation (NYSE: IMAX) announces that Bradley Wechsler will step down as Chairman of the Board during the annual shareholders meeting on June 9, 2021. Wechsler has served nearly 30 years, co-founding IMAX and contributing to its growth as a leading entertainment technology company. The Board will appoint a new Chairman soon after the AGM. Gelfond, current CEO, praised Wechsler for his dedication and partnership throughout their tenure.
IMAX reported a strong international debut for 'Godzilla vs. Kong', earning $12.4 million across 891 screens in 40 markets. This marks the largest opening for a Hollywood film in IMAX since December 2019, with China leading at $9.4 million, representing 14% of the film's total Chinese box office. IMAX accounted for 10% of the film's worldwide box office from just 1% of screens. The film expands to 1170 screens globally on March 31, with robust pre-sales in North America, indicating strong market share potential for IMAX.
IMAX Corporation announced the pricing of $200 million in 0.500% convertible senior notes due 2026, set to settle on March 19, 2021. The notes will accrue interest semi-annually and are subject to conversion under specific conditions. The initial conversion price of approximately $28.75 represents a 35% premium over the last share price. IMAX expects to net about $193.3 million and intends to allocate $150 million to repay debt, with the remaining funds used for working capital. The offering includes capped call transactions to mitigate share dilution.
IMAX Corporation (NYSE: IMAX) announced plans for a private offering of $200,000,000 in convertible senior notes due 2026. The offering is subject to market conditions and includes an option for initial purchasers to buy an additional $30,000,000 in notes. Proceeds will primarily be used to repay debt, with the remainder for working capital. The notes will accrue interest and can be converted into cash or common shares. IMAX may enter capped call transactions to mitigate share dilution.
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