Core Insights - IMAX Corporation and Major Cineplex have expanded their partnership to include three new IMAX with Laser locations in Thailand, enhancing IMAX's presence in the Southeast Asian market [1][2] - The new IMAX locations will be situated in Bangkok, with one opening in 2024 and two more in 2026 and 2027, marking a significant expansion beyond city centers [1][3] - IMAX has reported strong box office performance in Thailand, achieving over $5.4 million in 2023, the highest grossing year for IMAX in the country [2] Company Overview - Major Cineplex is the largest cinema operator in Thailand, currently managing nine IMAX locations across Thailand and Cambodia, and holds approximately 70% market share of the Thai cinema industry's admissions revenue [4] - IMAX is recognized for its innovative entertainment technology, operating 1,772 IMAX systems globally as of December 31, 2023, across 90 countries and territories [6][5] Technological Advancements - The new IMAX with Laser systems will feature advanced 4k laser projection technology, providing enhanced image quality and audio experiences for moviegoers [3]

Group 1 - NBC will extend its live coverage of the 2024 Paris Olympics Opening Ceremony to IMAX locations nationwide, marking the first time the event will be presented live in IMAX [1][3] - The Opening Ceremony will take place on the River Seine, transforming it into the world's largest theatrical stage, featuring a four-mile-long flotilla of nearly 100 boats carrying thousands of athletes [2][4] - IMAX will provide a unique and immersive theatre experience for fans at over 150 locations across the United States [3][4] Group 2 - The event will be hosted by Kelly Clarkson, Peyton Manning, and Mike Tirico, highlighting the significance of the ceremony [3] - NBCUniversal's promotional trailer for the 2024 Paris Olympics will begin running in IMAX theatres nationwide on March 29, with tickets available for purchase this summer [4] - NBCUniversal holds the U.S. media rights to the Olympic Games through 2032, covering events in Paris (2024), Milan Cortina (2026), Los Angeles (2028), and Brisbane (2032) [5]

A view shows the logo of the Paris 2024 Olympic and Paralympic Games, in Paris, France, March 19, 2024.Many of the world's greatest athletes will make their big-screen debut in IMAX theaters this summer.NBC announced Friday that its live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.The Summer Olympics opening ceremony will be the first not held in a stadium. Instead, organizers will send Olympians down the River Seine on a four-mile-long ...

The Zacks Film and Television Production and Distribution industry is benefiting from a spike in demand for digital entertainment, fueled by limited capacity and operational limitations in movie theaters, theme parks and cruise lines. The increased consumption of media, music and news over the web, triggered by the work-and-learn-at-home wave, has been a key catalyst for industry participants like Warner Music Group (WMG) , News Corporation (NWSA) , Lions Gate Entertainment (LGF.A) and IMAX Corporation (IMA ...

Denis Villeneuve's Unforgettable Sci-Fi Sequel Continues to Vastly Outperform in IMAX, With 22% of Global Weekend Total from only 1,600 IMAX Locations Worldwide NEW YORK, March 11, 2024 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) delivered a record-breaking encore performance to its dominating debut of "Dune: Part Two" as the IMAX global network notched a stunning 22% of the film's global box office in its second weekend — the biggest global weekend market share in IMAX history. IMAX recorded $27.7 millio ...

Shares of movie theater technology company Imax (IMAX 10.58%) shot higher on Wednesday after the company reported financial results for the fourth quarter of 2023, beating expectations. As of 10:40 a.m. ET, Imax stock was up 10%.Imax has growth and profitsImax makes money both by installing its premium equipment in theaters and from films that have been enhanced for Imax. The company saw growth for both segments in 2023. Not only that, its full-year gross profit margin increased in both segments as well.For ...

IMAX Corporation (IMAX) reported fourth-quarter 2023 adjusted earnings of 17 cents per share, which beat the Zacks Consensus Estimate by a whopping 70% but declined 10.5% from the year-ago quarter.Total revenues of $86.01 million missed the Zacks Consensus Estimate by 3.84% and decreased 12.3% year over year.Greater China accounted for 19.2% of revenues. The metric declined 35.8% year over year to $16.5 million.Category-wise, Technology Sales and Finance Income were up 4.3% and 10.7% year over year to $35.3 ...

IMAX Corporation (NYSE:IMAX) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Jennifer Horsley - Senior Vice President-Investor Relations Rich Gelfond - Chief Executive Officer Natasha Fernandes - Chief Financial Officer Rob Lister - Chief Legal Officer & Senior Executive Vice President Conference Call Participants Eric Handler - ROTH MKM Eric Wold - B. Riley Securities Omar Mejias - Wells Fargo Steven Frankel - Rosenblatt Securities Mike Hickey - The Benchmark Company Step ...

Core Insights - Imax reported revenue of $86.02 million for the quarter ended December 2023, a decrease of 12.3% year-over-year, with EPS at $0.17 compared to $0.19 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $89.46 million, resulting in a surprise of -3.84%, while the EPS exceeded expectations with a surprise of +70.00% against a consensus estimate of $0.10 [1] Financial Performance Metrics - Total IMAX System installations reached 69, significantly higher than the two-analyst average estimate of 45 [2] - Revenue from Content Solutions was $19.09 million, below the average estimate of $23.63 million from six analysts [2] - Revenue from All Other segments was $4.44 million, exceeding the six-analyst average estimate of $3.14 million [2] - Revenue from Technology Products and Services was $62.49 million, slightly below the estimated $62.71 million [2] - Gross Margin for Content Solutions was $9.71 million, lower than the estimated $11.87 million [2] - Gross Margin for All Other segments was $4.10 million, significantly higher than the average estimate of $1.55 million [2] - Gross Margin for Technology Products and Services was $29.88 million, below the estimated $33.71 million [2] Stock Performance - Imax shares have returned +10.7% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Imax (IMAX) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 70%. A quarter ago, it was expected that this entertainment technology company would post earnings of $0.21 per share when it actually produced earnings of $0.35, delivering a surprise of 66.67%.Over the last four quarters, t ...