IMAX SETS ANOTHER RECORD

It often seems as if IMAX is making a habit of reporting record earnings about every quarter. Its current SEC filing is no exception. In it the company says that earnings during the quarter reached $27.8 million on revenue of $105 million. That compares with $12.8 million/$77.4 million during the year-ago period. Said CEO Richard Gelfond, “IMAX fired on all cylinders in the fourth quarter, with an exceptional number of installations and signings, as well as the highest grossing box office in the company’s history.” IMAX has several revenue sources, including the installation of IMAX theaters at multiplexes, the conversion of 35mm film prints to IMAX’s proprietary projection discs, and ticket sales. It noted that gross box office rose to $244.5 million versus $152 million a year ago.