IMAX Corporation reports developments in entertainment technology, premium theater systems and immersive cinematic releases. The company delivers IMAX experiences through proprietary software, auditorium architecture and projection systems, with business activity organized around Content Solutions and Technology Products and Services.
Recurring IMAX news includes quarterly results, global box office performance, Filmed For IMAX releases, exhibitor partnerships, IMAX with Laser system agreements, network expansion, investor conference participation and governance updates. Company announcements often connect studio content, local-language releases and theater-system signings to the economics of its global platform.
IMAX Corporation (NYSE:IMAX) will hold a quarterly conference call on July 27, 2021, at 4:30 p.m. ET to discuss its second-quarter 2021 financial results. The call will be accessible via telephone and webcast, with a replay available afterward. As of March 31, 2021, IMAX operates 1,652 theater systems across 84 countries. The company is an innovator in entertainment technology, enhancing cinematic experiences globally.
IMAX China (HKSE:1970) will hold a conference call on July 27, 2021, at 8:00 p.m. ET to discuss its first-half 2021 financial results. Interested parties can access the call via telephone by calling the appropriate number for their region. A replay will be available after the call via webcast or telephone. IMAX China focuses on expanding IMAX's presence in Greater China and has established a significant operational footprint with 1,652 theater systems across 84 countries as of March 31, 2021.
IMAX achieved a significant milestone by scoring a $5.5 million domestic opening for Universal's "F9," marking its largest pandemic-era weekend at the box office. The film debuted on 378 IMAX screens, garnering 7.8% of the total domestic box office. Globally, "F9" has earned $30 million since its international rollout began. CEO Rich Gelfond praised Universal's release strategy, claiming it revitalizes the Hollywood slate. Looking ahead, IMAX plans to screen Disney's "Black Widow" on July 9 with strong pre-sales.
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.