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/PRNewswire/ -- IMAX (NYSE: IMAX) scored its biggest domestic opening weekend in more than a year as "Godzilla vs. Kong" earned $4.5 million on 284 screens. Over 1,000 domestic IMAX shows were sold-out over the 5-day opening, nearly 25% of all IMAX showtimes over that period. Globally, the Warner Bros. and Legendary Pictures' monster hit continued to smash expectations, earning $13 million this weekend across all markets. "'Godzilla vs. Kong' has emerged as a symbol of the enduring strength of the theatrical experience for blockbuster filmmaking, delivering great box office even with many theatres still closed and significant capacity restrictions," said Rich Gelfond, CEO of IMAX. "Make no mistake — this film has become a global event because it received a global theatrical release, and the phenomenal pipeline of tentpole films ahead have the chance to capitalize on the same opportunity."
IMAX Corporation Announces Proposed Convertible Senior Notes Offering News provided by Share this article Share this article NEW YORK, March 15, 2021 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) ("IMAX") today announced its intention to offer, subject to market and other conditions, $200,000,000 aggregate principal amount of convertible senior notes due 2026 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws. IMAX also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $30,000,000 principal amount of notes.
/PRNewswire/ -- A new generation of Chinese moviegoers flocked to Pandora this weekend, as IMAX Corporation (NYSE: IMAX) delivered $6.2 million in box office...
Share this article Share this article NEW YORK and SHANGHAI, March 9, 2021 /PRNewswire/ -- On the heels of a record breaking Chinese New Year, IMAX (NYSE: IMAX), IMAX China (HKSE: 1970) and Broadway announced an agreement of four new IMAX theaters across several iconic locations in downtown Shanghai, including One East, located in the heart of Huangpu Riverside, the first flagship property managed and operated by Brookfield Properties in Shanghai. The deal will bring four new cutting-edge IMAX® with Laser systems to key commercial locations in one of the country's most successful theatrical markets. It also marks an expansion of the longstanding partnership between IMAX and high-end exhibitor Broadway, which currently includes IMAX screens across eight of Broadway's top-performing theaters in China. With the new agreement, IMAX's theatre network in China has developed to nearly 1000 total screens, including 248 in backlog.
IMAX Corporation to Present at Morgan Stanley Technology, Media and Telecom Virtual Conference News provided by Share this article Share this article NEW YORK, Feb. 26, 2021 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) today announced that CEO Rich Gelfond will present at the Morgan Stanley Technology, Media and Telecom Virtual Conference on Wednesday, March 3, 2021 at 3:30 p.m. Eastern Time. The conference will be webcast live and can be accessed at investors.imax.com. The presentation will be archived for 90 days. About IMAX Corporation IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theaters to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
Share this article Share this article NEW YORK and SHANGHAI, Feb. 14, 2021 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) soared to its best-ever opening weekend for the Chinese New Year holiday, grossing $25 million through February 14 as the country kicks off its pinnacle box office period. Despite a continued capacity limitation of at least 75% across China, IMAX grew opening weekend box office a whopping 45% over its record-breaking 2019, when Chinese cinemas were last open for the holiday. Shot entirely with IMAX cameras, "Detective Chinatown 3" led the way with $23.5 million — IMAX's biggest three-day opening weekend ever for a Chinese film. Remarkably, Friday marked the first time ever that IMAX has recorded more than one million admissions in a single day in any global market — China or otherwise.
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