Latest in Rich Gelfond

Imax chief executive Rich Gelfond said he's never seen China let as many U.S. titles into country as early as they have this year. After a slowdown in the pace that caused some angst in Hollywood, there's been a steady stream of releases — although not necessarily a surge in ticket sales — with The Flash…

EXCLUSIVE: Jumping on growth opportunities in Southeast Asia, Imax has entered into new agreements with Galaxy Cinema in Vietnam as well as Major Cineplex in Thailand and Cambodia. In the former, Imax and Galaxy are partnering to bring the first-ever premium Imax with Laser systems to the market…

Big screen exhibitor Imax has extended the employment agreement of chief executive Richard Gelfond through Dec. 31, 2025. The amendment to Gelfond's initial agreement, effective as of January 1, 2023, also commits to annual equity award grants in 2023, 2024 and 2025. Otherwise his compensation and severance terms…

Imax just cut a deal for six new big-screen installations in China this year — "a very positive development," according to CEO Rich Gelfond. The company is a big player in the Chinese market, which is still strained by Covid lockdowns and in limbo for Western theatrical releases. He noted the new contract during a…

Imax Corp. has tapped Jennifer Horsley as SVP of Investor Relations to oversee the large format exhibitor and growing tech platform's global IR  strategy and lead outreach to the investment community. She joins from adtech firm Taboola, where she was part of the core executive team that took the company public last…

China recently set release dates for two summer films – Universal's Jurassic World Dominion on June 10 and big local-language production Mozart From Space (by the director of the Detective Chinatown series) on July 15. That's good news for the giant market’s reopening, said Imax CEO Rich Gelfond. But he doesn't expect…

Rich Gelfond said he’d love Paramount to rethink Top Gun: Maverick's recent move from this fall to next May, but it’s not likely. "I have spent a lot of time close to a lot of the decision makers at Paramount and… in Top Gun they think they have something very special. Tom Cruise waited more than 35 years to make that…

According to Imax chief executive Rich Gelfond, the box office power of Disney/Marvel's Shang-Chi And The Legend Of The Ten Rings should lay to rest the question of moviegoers' willingness to return to theaters. "The studios said, 'This is an experiment.' I think there is an answer to the experiment. We release it in…

Despite Disney’s experiment with releasing movies like Black Widow and Jungle Cruise day-and-date in theaters and in the home on the PVOD tier of its Disney+ Premier, Imax CEO Rich Gelfond doesn’t believe the model will be the new normal moving forward. “Every studio has seen the same data that Disney has seen. What…

Imax CEO Rich Gelfond earned $6.9 million last year, down slightly from $7.1 million in 2019 as the pandemic shuttered theaters and Imax screens around the world. The package included base pay of $1.2 million and a stock award valued at $5.5 million. Imax, while hard hit like the rest of the industry, was able to…

Imax Corp. said Bradley Wechsler will step down as chairman of the board at the annual shareholders meeting in June after nearly 30 years of service to the company. The board will select a new chairman shortly after the event. The former investment bankers Wechsler and Imax CEO Rich Gelfond acquired Imax in 1994. They…

Imax sales slumped last quarter but beat Wall Street estimates and it swung to a loss. The stock popped in late trading as the company highlighted a strong box office in China and Japan, upbeat outlook and continued sales of its big-screen systems despite the pandemic. Revenue of $56 million was down from $124 million…