“There’s nothing we can quantify about Colorado,” IMAX Filmed Entertainment President Greg Foster told the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. Nevertheless, he adds, “I can’t imagine that in someway it hasn’t” contributed to lower-than-expected Q3 ticket sales. He says it also might have affected the kinds of films that audiences attended: Ones that did surprisingly well, he says were “don’t-take-yourself-seriously movies” such as Universal’s Ted and Marvel’s The Avengers. Foster expects a big turnaround this holiday season. Sony/MGM’s James Bond film Skyfall, Lionsgate’s The Twilight Saga: Breaking Dawn (Part Two), and Warner Bros’ The Hobbit: An Unexpected Journey are all “earmarked for success.” Although all are sequels, he says that generally speaking “more of the same doesn’t work. That I know for sure.” Foster’s comments came as Barrington Research’s James Goss lowered his earnings forecast for IMAX, citing the recent weakness at box offices. He projects the company will generate 20 cents in earnings per share for Q3, down from 28 cents. The Aurora tragedy and the Chinese government’s insistence that Warner Bros’ The Dark Knight Rises and Sony’s The Amazing Spider-Man open there simultaneously “likely cut into total potential B.O. results,” Goss says.


There going to be slow on the uptake on the international front too. Andrew Cripps is a really nice guy and solid when it comes to operations, but he’s got no sales ability.
Ya think?
The shooting happened so late in the summer season that even when you factor in August having long been the dumping ground for the weakest tentpoles and/or the movies that the studios want to bury for other reasons, the problem isn’t the shooting, it’s that more of the May-June-July tentpoles sucked than usual. Battleship, Snow White and MIB3, just to name three. I mean, come on!
Lucky Cripps is international President of Operations then isn’t it? Lol