IMAX Projects Bigscreen Dreams for Europe
By Robert Mitchell on September 1, 2012
Dialogue: Topper Andrew Cripps also eyes Middle East and Africa
During nearly 30 years in marketing and distribution, Andrew Cripps has become a leading authority on the business models and cultural nuances unique to every international market. In his new role as president of IMAX Europe, Middle East and Africa, he will apply his experience to expand the IMAX footprint. Cripps discusses his approach in different areas of the EMEA region with Robert Mitchell at IMAX's London offices, and looks at the opportunities offered by new technology and local productions.
Robert Mitchell: What is your key area of focus for IMAX in Europe, the Middle East and Africa?
Andrew Cripps: The primary area of focus at the moment is to expand the network across Europe. There are a lot of things you can then do: be far more flexible with programming; look at additional content, including European content. We're making a very significant investment in Europe because we believe the growth opportunities are there. Through the second quarter, IMAX EMEA box office this year was up 54% (to $58.1 million) over last year, so we're off to a great start.
RM: What are your goals for the expansion?
AC: I'd like to see us doubling the network in the next three to five years. We've got 101 theaters open, 35 in backlog. A lot of growth will come from the markets that are very strong with IMAX at the moment, but I think some of the growth is going to come from the big Western European countries that we're underrepresented in.
Read the entire article on Variety's website.