Advanced Television

IMAX

IMAX acquires SSIMWAVE

Entertainment technologist IMAX has acquired AI-driven video quality solutions specialist SSIMWAVE. IMAX says the move marks a significant expansion of its strategy to deliver the highest quality video images on any screen; to drive new, recurring revenue; and grow its global leadership in entertainment technology. Under the terms of agreement, IMAX acquired SSIMWAVE for $18.5 […]

September 23, 2022

IMAX to double share buy-back

Giant screen specialist IMAX is to double its share repurchase scheme from the existing planned $200 million (€220m) to $400 million. The announcement was made to the New York Stock Exchange on September 7th. IMAX has been steadily buying in its own shares for cancellation since 2017 and costing the cinema operator $175 million. The […]

September 8, 2022By Chris Forrester

IMAX Q2 helped by Top Gun: Maverick

Giant screen operator IMAX, despite a challenging trading period in China because of Covid, turned in a very respectable revenue improvement of 3.1 per cent in its Q2 results with total box office up 128 per cent and its revenues jumping 45 per cent (y-o-y) to $74 million. It still ended up with a trading […]

August 1, 2022By Chris Forrester

IMAX enjoying multiple tailwinds

IMAX’s May 2022 global box office was higher than that of pre-Covid levels, and its future performance should be supported by a good slate of movies for the second half of 2022 and 2023, says the company. IMAX also announced that it had also struck an agreement with the UK’s Odeon Cinemas Group (owned by […]

June 20, 2022By Chris Forrester

Disney+ rolls in 60 additional countries

Disney+, the streaming service from The Walt Disney Company, will be available in 42 new countries and 11 new territories this week following the immediate launch in Greece, Turkey and countries in Central Eastern Europe, including Poland, Romania, Hungary, Czech Republic and Croatia. Theseries of launches follow the arrival of the service in South Africa […]

June 14, 2022

IMAX: “Remarkable season ahead”

Giant screen business IMAX has reported its Q1 2022 numbers which highlighted a promising recovery from its pandemic-affected period. Its Q1 box office was up 57 per cent to $173.2 million (€164.7m) and that the number of open theatres in China – its strongest market – were up from 52 per cent to 65 per […]

May 3, 2022By Chris Forrester

IMAX recovery continues

Giant screen cinema operator IMAX saw its shares rise 9 per cent in after-hours trading following better than expected results that were better than its pre-pandemic numbers. IMAX said that its latest quarter-year (to the end of December) saw a 15 per cent rise in box office to $277 million (€247.2m) and represented the company’s […]

February 24, 2022By Chris Forrester

India: IMAX signs deal with Broadway

IMAX Corporation and Broadway Megaaplex have signed an agreement to develop a new IMAX theatre in Coimbatore, India, at Broadway’s newly planned megaplex site. Scheduled to open in the spring of 2022, the deal will bring the first IMAX theatre ever to the city and marks the first agreement between the global entertainment technology company […]

December 16, 2021

IMAX Enhanced to launch on Disney+

Marvel fans will be able to stream some of their favourite titles in IMAX’s Expanded Aspect Ratio at home for the first time with IMAX Enhanced on Disney+, launching on November 12th as part of Disney’s company-wide Disney+ Day global celebration. The new collaboration was announced by The Walt Disney Company, IMAX Corporation and DTS, […]

November 8, 2021By Nik Roseveare

IMAX CEO: “The movies are back”

IMAX is back, suggested CEO Richard Gelfond. Hits such as the latest James Bond outing plus sci-fi epic Dune (which helped IMAX capture 20 per cent of the record opening weekend’s box office) helped bring in the best-ever October trading month for the large cinema screen specialists. “It is clear the global film industry has […]

November 1, 2021By Chris Forrester