IMAX, MEGARAMA Expand Partnership for 3 New Locations in France

Group 1: IMAX Expansion in France - IMAX Corporation has signed a deal with MEGARAMA to introduce three new IMAX with Laser systems in France, doubling its presence with the exhibitor [1] - One theater will open in a major northern French city in 2025, while two others will be in the suburbs of Paris, projected to open in 2026 [1] - The deal reflects strong demand for IMAX's premium movie experience in France, following a record 2023 with over $23 million in box office revenues [1] Group 2: IMAX Technology and Locations - The new MEGARAMA locations will feature IMAX with Laser, the company's most advanced projection and audio system [2] - With this agreement, IMAX and MEGARAMA will operate six locations in France, with an additional location planned in Morocco [2] Group 3: Global Expansion Strategy - IMAX is aggressively expanding globally, including a partnership with SM Cinema in the Philippines for 10 new IMAX with Laser systems [3] - Turkey will see its first IMAX with Laser systems through a four-theater deal with CineNOVA, set to open between 2024 and 2026 [4] - A three-theater agreement with Miraj Cinemas marks IMAX's largest expansion in India in five years, with openings planned in Mumbai, Jaipur, and another city [4] Group 4: Financial Outlook - The Zacks Consensus Estimate for IMAX's 2024 revenues is $376.06 million, indicating a year-over-year increase of 0.32% [4] - The consensus estimate for 2024 earnings per share is 91 cents, suggesting a year-over-year decline of 3.19% [4]