Corporate Overview
Media Coverage
Canada's IMAX Adds to India Footprint With PVR Cinemas Deal
By Etan Vlessing on August 06, 2012
The Indian multiplex pioneer is to install a fifth large format theater in Bangalore, after an earlier four-theater agreement.
TORONTO – Indian cinema chain and multiplex pioneer PVR Cinemas has purchased an IMAX theater for Bangalore, to add to an earlier four-screen deal with the Canadian giant screen exhibitor.
New Delhi-based PVR, which is currently expanding its cinema circuit overall, will open the fifth IMAX screen in March 2013 in Bangalore’s Vega Mall.
The latest agreement follows an earlier...
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How IMAX Became the Hottest Brand in Movies
By Brent Lang on August 05, 2012
In a summer where Hollywood has fielded nearly as many high-priced flops as blockbuster behemoths, one sector of the movie business has remained remarkably consistent – IMAX. Audiences, particularly fanboys, have remained intensely loyal to its mammoth 70mm screens at a time when theatrical attendance domestically has declined. Overall, IMAX, which has struggled in the past with the seasonal ups and downs of the movie business has been a more consistent performer. In the most recent quarter IMAX posted revenue growth of 22.7 percent. That outpaces the industry average of 13.4 percent. Profits increased six-fold to $11.1 million. And even while the... Read More
Strong B.O. boosts IMAX profits: Net profit surges to $11.1 million
By Jill Goldsmith on July 26, 2012
A strong box office buoyed Imax profits as more filmmakers film bigger chunks of their movies for the massive screens, the longest bit so far being 72 minutes of Warner Bros. "The Dark Knight Rises," and two big releases shoot in Imax simultaneously for the first time.
Imax needs to ramp up camera production to meet increased demand, said CEO Richard Gelfond on a conference call Thursday.
"Prometheus" and "The Amazing Spider-Man" used Imax sequences. 2013 highlights include J.J. Abrams' "Star Trek" sequel and...
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‘Dark Knight Rises' Breaking Blighty records
By Robert Mitchell on July 18, 2012
LONDON -- Two days out from release Warner Bros' ''The Dark Knight Rises'' is already setting records in the U.K. The BFI London IMAX cinema announced Wednesday that the blockbuster has already sold 62,300 tickets at the venue, grossing more than 1 million ($1.57 million) since going on sale five weeks ago. A total of 43 screenings are now sold out and extra shows are being added. Advance sales for the new Batman film far surpassed the venue's previous record holder, ''Avatar,'' which sold 47,000 tickets ahead of its December 2009 release. ''The Dark Knight Rises'' also set records for biggest first day sales (24,754) and first week sales (38,658). Please... Read More
BEST KNIGHT OF YOUR LIFE
By Lou Lumenick on July 18, 2012
Batman is lured back into action after a lengthy hiatus — to prevent a terrorist from nuking a Gotham City closely resembling the Big Apple — in the imposingly dark and hugely entertaining “The Dark Knight Rises.’’ Superhero movies are perhaps the most predicable genre out there right now (sorry, Marvel fans), but take it from someone who can usually spot plot twists half an hour away: Christopher Nolan’s dramatically and emotionally satisfying wrap-up to the Dark Knight trilogy adroitly avoids clichés and gleefully subverts your expectations at every turn. Eight years after the end of 2008’s “The Dark... Read More
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