Imax and Wanda Film, China‘s largest exhibitor, have announced a big expansion of their longtime strategic partnership there spanning technology and content. The agreement calls for Wanda Film to upgrade 61 of its top performing locations to state-of-the-art Imax with Laser technology including in Beijing, Shanghai, Guangzhou and Shenzhen. Wanda will also renew up to 37 existing Imax locations over five years and could add up to 25 new Imax locations over the next three years. Wanda already has the biggest ...

Wanda Film to Upgrade 61 Top-Performing Locations to IMAX® with Laser and Collaborate with IMAX on New Events and ExperiencesSHANGHAI, June 18, 2024 /PRNewswire/ -- Wanda Film, China's largest exhibitor, and IMAX Corporation (NYSE: IMAX), IMAX China (HKSE: 1970) today announced plans to expand their longstanding strategic partnership with a sweeping agreement spanning technology and content.The agreement will secure and fortify Wanda Film's leading IMAX footprint — the largest IMAX circuit in China. Under t ...

For Immediate ReleaseChicago, IL – June 11, 2024 – Today, Zacks Equity Research discusses Warner Music Group (WMG) , News Corp. (NWSA) , Lions Gate Entertainment (LGF.A) and IMAX Corp. (IMAX) .Industry: Film & TVLink: https://www.zacks.com/commentary/2285775/4-film-television-production-stocks-to-watch-on-solid-industry-trendsThe Zacks Film and Television Production and Distribution industry is witnessing a surge in demand for digital entertainment due to operational constraints faced by movie theaters, the ...

Investors interested in Film and Television Production and Distribution stocks are likely familiar with iQIYI, Inc. Sponsored ADR (IQ) and Imax (IMAX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scor ...

Purchasing stocks for less than $20 might be a wise choice for investors looking to make large gains without making big initial commitments. These three under-$20 stocks show promise. These businesses all exhibit distinct advantages and promising future growth, which attract investors.The first one is in the pharmaceutical industry and demonstrates financial stability with a consistent boost in royalties and product sales income. Strategic share repurchases and a healthy cash position demonstrate the compan ...

IMAX Corporation (IMAX) has signed a new deal with French exhibition company, MEGARAMA, to bring three new state-of-the-art IMAX with Laser systems across France. The deal doubles the company's footprint with the Paris-based exhibitor in the country.One of the new IMAX theaters will be located in a major northern French city and is slated to open in 2025. The other two theaters will be situated in the suburbs of the capital Paris, with a projected opening in 2026.For IMAX, the deal underscores the strong de ...

Multi-Theatre Deal More than Doubles IMAX Footprint in Growing Filipino Market NEW YORK and PASAY, Philippines, April 29, 2024 /PRNewswire/ -- SM Cinema, the largest exhibitor in the Philippines, and IMAX Corporation (NYSE: IMAX) today announced a significant expansion to their longstanding partnership, with 10 state-of-the-art IMAX® with Laser systems in the Philippines. The deal will bring The IMAX Experience to three new locations, as well as seven IMAX with Laser upgrades to existing systems across the ...

IMAX Corporation (IMAX) reported first-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate by a whopping 50% but declined 6.3% from the year-ago quarter.Total revenues of $79.12 million beat the Zacks Consensus Estimate by 1.6% but decreased 9% year over year. Greater China accounted for 27.1% of revenues. The metric declined 19.2% year over year to $21.4 million.Category-wise, technology sales and technology rentals were down 55.7% and 7.3% year over year to $7.9 m ...

IMAX Corporation (NYSE:IMAX) Q1 2024 Results Conference Call April 25, 2024 8:30 AM 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 Wold - B. Riley Securities Omar Mejias - Wells Fargo Eric Handler - ROTH MRM Chad Beynon - Macquarie Stephen Laszczyk - Goldman Sachs Mike Hickey - The Benchmar ...

Imax (IMAX) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this entertainment technology company would post earnings of $0.10 per share when it actually produced earnings of $0.17, delivering a surprise of 70%.Over the last four quarters, the ...