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June 13, 2017—IMAX will lay off roughly 100 full-time employees as part of a company-wide effort to rein in costs, Variety reports. The layoffs will take place across nearly every division, including its finance, marketing, and entertainment arms, as well as staffers in its China joint venture. The layoffs took place on Monday and are expected to result in a one-time impairment charge of approximately $15 million related to severance packages and other costs associated with the job cuts. Read the full report from Variety here.
June 5, 2017—IMAX today released five thought-provoking documentaries as part of its In Focus program, which cultivates young filmmakers and provides them an opportunity to tell compelling stories that promote change through film. Today’s release of the eight-minute documentaries—available on IMAX’s and UN Environment’s websites—coincides with the United Nations’ World Environment Day, the largest annual event for global actions to protect the environment. Experience the interactive Multimedia News Release, including the short films, here.
May 5, 2017—All astronauts learn basic photography as part of their astronaut candidate training. But most of the IMAX space films astronauts had to be trained in the mechanical complexities of shooting film—65mm film.TV Tech Global interviews celebrated cinematographer James Neihouse, ASC, on what it takes to train astronauts to shoot an IMAX film in space. Read the James Neihouse interview here.
May 2, 2017—From the LA Times: "To get the maximum visual effect for his upcoming World War II movie Dunkirk, Christopher Nolan relied on a $1-million, 54-pound Imax camera that was mounted to the front of a fighter plane and submerged off the coast of France...Four Hollywood releases this year were shot with Imax cameras, up from three last year and just one in 2015. Currently, less than 15% of the roughly 30 movies released annually in Imax theaters use the company’s film and digital cameras, partly because they are more expensive than conventional equipment. But Imax is aggressively marketing its high-end cameras to filmmakers in an effort to boost that share." Read the full article here.
April 26, 2017—IMAX and the California Science Center today announced an agreement to install IMAX’s next-generation digital laser projection system—IMAX® with Laser—at the California Science Center’s IMAX® theatre. The groundbreaking new laser technology will replace the current IMAX film projection system and further enhance The IMAX Experience® for guests.
April 11, 2017—IMAX Corporation (NYSE:IMAX) and ODEON
Cinemas Group, including its Nordic Cinema Group subsidiary, both wholly owned
by AMC (NYSE:AMC), and the largest cinema operator in Europe, today announced
they signed a binding term sheet for 25 new IMAX® theatre systems to be located
throughout Europe. Under the agreement, 10 IMAX theatres have been identified
and will be added to existing ODEON complexes throughout the UK/Ireland,
Germany, Spain and Italy, with the locations of the remaining sites to be
determined throughout Western, Southern and Northern Europe.
March 21, 2017—IMAX and The Scientific Center of Kuwait (TSCK), today announced an agreement to install IMAX’s next-generation digital laser projection system–IMAX® with Laser–at its IMAX® theatre. The laser technology, which is slated to be installed in June, will replace TSCK’s current IMAX film-based projection system and further enhance The IMAX Experience® for its visitors.
February 24, 2017—IMAX Corporation has reported fourth-quarter revenue of $106.9 million. The report also included that IMAX installed 166 new IMAX® theatres during 2016, up 22% vs. prior year, bringing the IMAX theatre network count to 1,215 screens across 75 countries; signed agreements for record 319 IMAX theatre systems during 2016, up from 138 signings in 2015; ended year with 498 theatres in backlog, up 34% vs. prior year; and opened flagship IMAX Virtual Reality Centre in Los Angeles in January of 2017, with an additional five pilot centres signed and scheduled to be open in coming months.
November 15, 2016—IMAX Corp. (NYSE: IMAX), Marvel Television, a unit of Marvel Entertainment, and Disney|ABC Television Group today announced an innovative agreement to exclusively premiere the new ABC series "Marvel's The Inhumans" in IMAX commercial theatres, marking the first time a live-action television series has debuted in this manner.
November 10, 2016—IMAX Corporation (NYSE: IMAX) and IMAX China Holding, Inc. (HKSE: 1970) today announced that together, the Companies have completed the first phase of a $50 million virtual reality fund between IMAX and other strategic investors to help finance the creation of at least 25 interactive VR content experiences over the next three years for use across all VR platforms including in IMAX VR™ centres.