Friday, November 27, 2020

CHINESE GROUP TO SPEND $10 BILLION ON MOVIE BIZ

September 5, 2012 by · Leave a Comment 

Buying AMC Entertainment — the second-largest U.S. theater chain — for $2.6 billion is just “the first step” of a $10-billion investment in the U.S., which will likely include the purchase of additional theaters, a joint venture in film production, hotels and retail stores, the head of China’s Dalian Wanda Group said at a news […]

IMAX BOASTS RECORD-SETTING QUARTER

October 27, 2011 by · Leave a Comment 

IMAX’s third quarter revenue and profits turned out to be as big as its screens. The company today (Thursday) said that adjusted net income rose 12.2 percent to $11 million from $9.8 million for the same quarter a year ago on record third-quarter revenue of $67.5 million, up 32 percent from $51.1 million last year. […]

IMAX’S NOT-SO-BIG QUARTER

July 28, 2011 by · Leave a Comment 

For weeks, IMAX has been touting its record-breaking results from summer releases of such films as Disney’s Cars 2, Paramount’s Transformers: Dark of the Moon, and Harry Potter and the Deathly Hallows: Part 2. It now turns out that it will need those results, which will mostly show up in the third quarter, to offset […]

IMAX INKS $100-MILLION CHINA DEAL

March 24, 2011 by · 1 Comment 

While Hollywood movie studios are accusing China of dragging its feet in complying with a WTO order to lift its import restrictions on foreign movies, IMAX on Wednesday indicated that it is encountering no such barriers in that country. The giant-screen company announced that it had signed a deal with Wanda Cinemas, China’s leading exhibitor […]

IMAX REPORTS RECORD 2010 PROFITS, PREDICTS NEW RECORD IN 2011

February 24, 2011 by · 1 Comment 

IMAX’s revenue and profit turned out to be as big as its screens in 2010, their highest in its 43-year history, the giant-screen company said today (Thursday). In a statement, IMAX reported that net income for the year increased to $100.8 million on revenue of $248.6 million versus $5.0 million/$171.2 million in 2009. Its profit […]

IMAX CREDITS INCEPTION FOR BIG BOOST IN PROFIT

October 29, 2010 by · Leave a Comment 

Christopher Nolan’s Inception was not filmed in 3D, and there was never any public talk about converting it in order to take advantage of 3D premium pricing. But it was shown on virtually every IMAX screen available at higher prices, which helped lift it into the box-office stratosphere and boosted IMAX’s profits in the bargain. […]