LOS ANGELES – AUG. 15, 2013 – IMAX Corporation (NYSE:IMAX; TSX:IMX) and Marvel Entertainment, a division of The Walt Disney Company (NYSE: DIS), today announced that Marvel’s Thor: The Dark World, starring Chris Hemsworth, will be digitally
IMAX is suing GDC Technology for using what it says are stolen trade secrets tied to its large-screen digital projection system. According to the complaint (read it here) filed today in Los Angeles Superior Court, the giant-screen pioneer claims a former employee poached its core projection and 2D-to-3D conversion technology, including source codes, and stealthily provided it to film companies in China. It says Gary Tsui, who is not named as a defendant, became the “chief engineer” of a company now known as China Film Giant Screen and that Burbank-based GDC has been using the trade secrets through, among other things, its relationship with CFGS “in its efforts to unfairly compete with IMAX.” The complaint says that IMAX discovered in 2009 that “Tsui had stolen its proprietary and trade secret information” and set up his own competitor company. And later he beat IMAX on a bid for a significant project in China. IMAX claims it launched its own investigation of Tsui and eventually sued him in Canada and China.
LOS ANGELES – JULY 29, 2013 – IMAX Corporation (NYSE:IMAX; TSX:IMX), along with Paramount Pictures and Skydance Productions in association with Hemisphere Media Capital and GK Films, today announced that due to overwhelming demand, the hit film World War Z starring Brad Pitt has been digitally re-mastered into the immersive IMAX® 3D format and will be released into select IMAX® theatres domestically for the first time for a one-week engagement beginning Aug. 2. World War Z has captivated audiences worldwide – grossing more than $460 million since its launch on June 21. The film has already played in select IMAX theatres internationally. World War Z revolves around an ex-United Nations investigator Gerry Lane (Pitt), who traverses the world in a race against time to stop a pandemic that is toppling armies and governments and threatening to decimate humanity itself.
New York, N.Y. and Beijing, PRC – July 24, 2013 – IMAX Corporation (NYSE:IMAX; TSX:IMX) and Wanda Cinema Line Corporation, Asia’s largest cinema owner, today announced an amendment to the parties’ original 2011 joint revenue share agreement with the addition of a minimum of 40 and up to 120 new IMAX®theatres to be located throughout China. The deal also extends Wanda’s lease terms for all new theatres to 12 years from 10 years and brings Wanda’s total IMAX commitment in China to up to 210 theaters, positioning Wanda Cinema Line as IMAX’s largest international exhibition partner.
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.
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.