Summit Entertainment is offering a first-look at footage of Divergent at Comic-Con this week. Today comes word that the futuristic sci-fi actioner will be digitally re-mastered into the immersive IMAX format and released in …
SHANGHAI, July 15, 2013 — IMAX Corporation and CJ CGV Holdings, Ltd., today announced an expansion of the companies’ partnership with the addition of 35 new IMAX® theatres. The deal includes 30 theatres to be installed in new construction projects across China as well as five previously optional theatres in Korea, now confirmed, which are subject to final documentation. Today’s agreement brings CJ CGV’s IMAX commitment to 95 theatres, with 20 in South Korea and 75 in China, positioning it at present as IMAX’s largest exhibitor partner in Asia.
NEW YORK – July 08, 2013 – IMAX Corporation (NYSE: IMAX; TSX: IMX) today announced that Greg Foster has been named CEO of IMAX Entertainment and Senior Executive Vice President, IMAX Corp., continuing to report directly to IMAX CEO Richard L. Gelfond. Prior to the appointment, Foster was Chairman and President of IMAX Entertainment.
Global Showbiz Briefs: IMAX In Israel, BSkyB Scores, FIFA Reviews World Cup In 3D, ‘Summer In February’ Lines Up International & More
IMAX president Richard Gelfond told the Israeli Presidential Conference today that the experience of going to the movies will always appeal despite the proliferation of mobile devices. “People are social animals and I don’t think they want to be chained to their couches, mobile devices and tablets. They want to go out,” Gelfond said, according to Reuters. “They recognize the fact that Steven Spielberg and James Cameron may be better at telling a story than a 16-year-old over the Internet. I think they can exist side by side.” Also on Thursday, IMAX and Germany’s largest exhibitor CineStar Cinemas said they would partner to put an IMAX theater at the CineStar Sony Centre in Berlin. The giant Potzdamer Platz multiplex hosts big film premiers and is familiar to Berlin Film Festival regulars. The new theater will eventually transition to IMAX’s next-generation laser digital projection system which boasts greater brightness and clarity, a wider color gamut and deeper blacks. IMAX EMEA president Andrew Cripps noted that Germany is an under-penetrated market for the company where it is looking to expand.
NEW YORK – May 28, 2013 — IMAX Corporation (NYSE: IMAX; TSX: IMX) today announced the appointment of Eileen Campbell as Chief Marketing Officer, effective July 15. Campbell will lead the Company’s global marketing function.
“The IMAX brand is one of our most valuable assets and has become synonymous with the ultimate movie-going experience for audiences worldwide,” said IMAX CEO Richard L. Gelfond. “We believe Eileen’s impressive marketing and leadership credentials coupled with her analytic-based approach to brand-building will help us to strengthen and extend our brand value in support of our continued growth. I am delighted to welcome Eileen to IMAX and I look forward to her contributions.”
The main culprit appears to be a drop in joint revenue sharing deals as IMAX installed four new theaters under these arrangements in Q1 vs eight in the same period last year. All told, the company reported net income …
CULVER CITY, Calif., April 16, 2013 – STALINGRAD, the first Russian-made feature to be released in the immersive IMAX® 3D format, will be distributed in Russia by Sony Pictures Releasing International.
An epic love story set during one of the most devastating battles in modern history, STALINGRAD’s teaser trailer will be screened for the first time in the U.S. on April 17, 2013at Caesar’s Palace in Las Vegas, when Sony makes its annual presentation at CinemaCon. The announcement was made today by Rory Bruer, president of Worldwide Distribution for Sony Pictures Releasing, and Alexander Rodnyansky, head of A.R.Films and producer of STALINGRAD. The deal was negotiated by Paul Heth of Monumental Pictures.
The movie was shot completely on location in Russia; it is directed by Fedor Bondarchuk and produced by Alexander Rodnyansky and Sergey Melkumov for Non-Stop Production and Dmitry Rudovsky for Art Pictures. The film is written by Iliya Tilkin and Sergey Snezhkin. The release date in Russia will be announced shortly.
Here’s the formal announcement of the arrangement we reported yesterday:
HOLLYWOOD, Calif., April 12, 2013 – IMAX Corporation (NYSE: IMAX; TSX: IMX) and Chinese Theatres LLC today announced an agreement to add an IMAX® theatre to the iconic TCL Chinese Theatre in Hollywood, through an extensive transformation of the landmark site. The addition brings the theatre into the 21st Century and gives Hollywood its first IMAX® theatre, providing fans with a movie-going experience that will rival any in southern California. Once complete, this will be IMAX’s largest auditorium in the world in terms of seating capacity and its third-largest commercial theatre screen in North America. Closing of the agreement is subject to the issuance of final permits.
Sources tell me that a deal for IMAX to take over the iconic theater on Hollywood Boulevard is nearly complete, subject to permitting approval. The news comes just a few months after Chinese TV maker TCL paid …
The disparity in the CEO’s compensation vs last year appears to be due to a judgement call that resulted in no option awards, which came to $3.2M last year. In a year when IMAX shares were up 18.7%, …
LOS ANGELES, March 20, 2013 — IMAX Corporation (NYSE: IMAX; TSX: IMX) and The Walt Disney Studios, a division of The Walt Disney Company (NYSE: DIS), today announced an agreement to produce and distribute the latest IMAX® 3D cinematic space spectacle from acclaimed filmmaker Toni Myers, who has been crafting mind-blowing movie experiences for IMAX audiences for more than 40 years.