March 29, 2010--IMAX Corporation has announced that the IMAX release of How to Train Your Dragon, the latest 3D action-adventure from DreamWorks Animation SKG, Inc., which features the voices of Jay Baruchel, Gerard Butler, Craig Ferguson, America Ferrera, and Jonah Hill, generated approximately $4.9 million of the film's $43.7 million overall domestic gross box office from Friday, March 26 through Sunday, March 28, which represents approximately 11.2 percent of the film's total weekend take while playing on approximately 3 percent of the screens showing the film.
March 24, 2010--IMAX Corporation today announced that How to Train Your Dragon, the upcoming 3D action-adventure from DreamWorks Animation SKG, Inc., which features the voices of Jay Baruchel, Gerard Butler, Craig Ferguson, America Ferrera and Jonah Hill, will open in 186 domestic IMAX theaters simultaneously with the film's wide release on March 26, 2010. The film will also open in 38 IMAX theaters internationally this weekend, and ultimately should play in approximately 80 international IMAX theaters over the course of its run. The special IMAX 3D release has been digitally re-mastered with IMAX DMR (Digital Re-Mastering) technology.
March 24, 2010--IMAX Corporation today announced that Shaw Theatres Pte Ltd, a leading exhibitor in Singapore, has signed an agreement to install a digital IMAX theater system at the exhibitor's premier location in the heart of Singapore's famous commercial retail and entertainment area, Orchard Road. The IMAX installation, scheduled to be open in spring of 2011, is part of a major remodeling of the Lido Cineplex in Shaw House.
March 23, 2010--IMERSA, the nonprofit trade group founded in 2008 to promote immersive and fulldome digital media for education and out-of-home entertainment, recently welcomed Paul Fraser, president of Blaze Digital Cinema Works, to its board of directors. Fraser is serving alongside IMERSA founders Dan Neafus (Gates Planetarium, Denver Museum of Nature & Science), Ed Lantz (Harmony Channel) and Ryan Wyatt (Morrison Planetarium, California Academy of Sciences).
March 19, 2010--IMAX Corporation and Warner Bros. Pictures have announced that Hubble 3D, the latest installment of the successful IMAX space film series, opens in select IMAX theaters starting March 19. The film has already received rave reviews nationwide.
March 18, 2010--Animation professionals attending Cartoon Movie in Lyon, France, in early March, voted for the Best Director, Distributor, and Producer of the Year, recognizing their contributions to the European animation industry. Winner of the best Producer of the Year was nWave’s Ben Stassen for Around the World in 50 Years, which was screened at the recently held GSCA Film Expo in Los Angeles.
March 15, 2010--IMAX Corporation and Odeon & UCI Cinemas Group, Europe's largest exhibitor, today announced an agreement to install an IMAX digital theater system in the exhibitor's multiplex in Southampton, England. The deal, which brings the total number of IMAX theaters operated by Odeon to six, was signed as a result of the growing success and popularity of the exhibitor's other IMAX locations including digital IMAX venues in Wimbledon, Greenwich, Gateshead, and Cardiff. The deal also follows the record-breaking box office success of the IMAX 3D release of Avatar, which has grossed more than $8 million from nine IMAX screens in the United Kingdom and approximately $220 million from 262 IMAX screens worldwide. The five existing Odeon IMAX screens also witnessed a record-breaking weekend for the IMAX 3D release of Disney's Alice in Wonderland featuring Johnny Depp, posting strong pre-sales and numerous sold out shows. The new Odeon location will capitalize on IMAX's growing Hollywood film slate and is scheduled to open in time for the IMAX 3D release of DreamWorks Animation's How to Train Your Dragon on April 2, 2010.
March 11, 2010---IMAX Corporation today reported that fourth quarter adjusted EBITDA was $20.9 million, compared to $2.6 million for the fourth quarter last year. Total revenue for the fourth quarter ended December 31, 2009, increased 98% to $54.2 million, a record for a single quarter for the Company, compared to total revenue of $27.4 million in the same period last year. Fourth quarter adjusted net income which excludes the impact of variable stock compensation was $12.9 million, or $0.20 per diluted share, compared to an adjusted net loss of $9.7 million, or $(0.22) per share on the same basis last year. Reported net income was $4.0 million, or $0.06 per diluted share, for the fourth quarter ended December 31, 2009, compared to a reported net loss of $9.0 million, or $(0.21) per share for the fourth quarter last year.
March 10, 2010--IMAX Corporation has announced that the epic action-adventure Prince of Persia: The Sands of Time, from Jerry Bruckheimer Films, directed by Mike Newell and starring Jake Gyllenhaal, will be released to IMAX theaters internationally with the film's wide release on May 28, 2010. The film's limited international IMAX release will be digitally re-mastered with IMAX DMR technology.
March 10, 2010--IMAX Corporation today announced that CJ CGV Co. Ltd., the leading theater exhibitor in Korea, has signed an agreement to install up to 15 new digital IMAX theater systems, with the rollout scheduled to begin later this year, and to upgrade four existing film-based IMAX theaters to digital systems. The agreement was signed following the success of the exhibitor's five existing IMAX locations in Seoul, Daegu and Gwangju, where the current IMAX 3D release of Avatar has generated more than $6.5 million.