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 has extended its share-repurchase program for an additional 12 months, now set to conclude on June 30, 2021. The program allows for the buyback of up to $200 million in common shares, with approximately $89.4 million remaining. Since its initiation on July 1, 2017, IMAX has repurchased around 6 million shares for $110.6 million, representing a 9% reduction in outstanding shares. Despite the extension, the company does not plan to repurchase shares in light of current market conditions. An exemption from Canadian securities laws has also been granted to facilitate these repurchases.
IMAX Corporation (NYSE: IMAX) announced that 16 titles from its acclaimed documentary catalog will be streamed exclusively on Hulu starting summer 2020. Launching with "A Beautiful Planet" and "Pandas", these documentaries showcase over 40 years of exploration. Megan Colligan, President of IMAX Entertainment, highlighted the growing desire for discovery among viewers at home, particularly for families and students. IMAX's documentaries have been honored at the Academy Awards, and many utilize IMAX's advanced audiovisual technology.