Latest in IMAX

EXCLUSIVE: MGM Television is cementing its move into premium factual programming with a new partnership with Imax documentary producer and distributor K2 Studios. The Hollywood studio will co-produce eight premium documentary TV series with K2, which specializes in producing nature, wildlife, science and adventure…

Imax Monday announced an expansion of a longstanding partnership with South Korea's CGV to launch 17 new theaters in that country as well as in Turkey, Vietnam, and Indonesia. Imax said South Korea, where it's putting nine new theatres, is one of its fastest-growing markets and home of its highest grossing screen…

Imax CEO Rich Gelfond said enticing patrons away from Friday and Saturday night s is critical for the successful reopening of the exhibition business. It's something he thinks will happen naturally in a COVID-19 environment with some help from marketing and promotion. Wall Streeters have been fretting that hard-hit…

Coming soon to a drive-in theater near you: a drive-in theater. Tribeca Enterprises, in partnership with Imax and AT&T, announced plans today for Tribeca Drive-In, a film series set for this summer at drive-in theaters and other exclusive venues nationwide. The limited engagement series is designed to “provide…

UPDATED with Imax CEO Rich Gelfond comments: Imax CEO Rich Gelfond said Thursday after his company reported first-quarter earnings that China theaters are moving to an early June opening, and he anticipates U.S. exhibitors will open doors in July-August with library content, discounts, studios taking a smaller share…

Imax CEO Richard Gelfond’s compensation package totaled $7.1 million last year, up 13% from the year before. The company said in its proxy statement the package consisted of $1.2 million in salary; a $1.1 million bonus; $2.3 million in option awards and $1.5 million in other compensation. Imax noted higher annual…

Delayed theater openings to mid-late June will be a net positive to exhibitor profitability, said one analyst Monday, applauding a newfound clarity around opening strategies and hinting at a silver lining – a bump in elusive weekday attendance, at least for a while. "We would expect movie-goers naturally moved their…

Exhibitors led entertainment shares Monday, popping higher in a mixed market as an analyst removed a “sell” rating on AMC Entertainment. Imax led the group, up 8% in late morning trade. AMC had gained more than 5%; National Cinemedia, which sells in-theater advertising, is seeing gains of more than 4%; and Cinemark is…

Imax has “multiple years of liquidity” on its balance sheet and is poised to benefit from the reopening of movie theaters in China as early as mid-May, according to one veteran analyst tracking the company. Eric Handler of MKM Partners reiterated his “buy” rating on Imax shares in a report Wednesday, though he lowered…

IMAX has appointed Brett Harriss as Senior Vice President of Investor Relations. In his role, Harriss will oversee the company's global investor relations strategy and serve as its lead with the investment community. Harriss will report directly to IMAX CEO Richard Gelfond out of the Company's New York office. "Brett…

UPDATED after market close: Exhibition stocks rallied Thursday in a volatile market with Cinemarks shares surging a whopping 73% to close at $11.39. Imax, National Cinemedia surging and AMC Entertainment also rose sharply, way outpacing the broader market which eked out modest gains. The DJIA rose 0.95%, or 188…

We are hearing from U.S. industry sources as well as those on the ground in the PRC that the offices of China Film Group in Shanghai and those of China’s Film Bureau are re-opened for business — a sign that the country’s exhibition business is on its way to a gradual recovery after being shuttered since the Lunar New Y…