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News Breaks
April 3, 2014
07:31 EDTIMAXIMAX expands partnership with Cineworld for additional 11 theatres
IMAX Corporation announced an expansion of its partnership with Cineworld Group PLC for an additional 11 IMAX theatres. Under the terms of the agreement, the Group will add eight new IMAX theatres to be installed in existing and new Cineworld multiplexes in the U.K. and will add three IMAX theatres to its Cinema City circuit in Central Europe and Israel.
News For IMAX From The Last 14 Days
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November 30, 2015
16:08 EDTIMAXIMAX signs 10-theatre agreement with Japan's Toho Cinemas
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November 23, 2015
19:31 EDTIMAXIMAX, Hengdian Entertainment announce agreement for 5 theaters in China
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November 20, 2015
11:45 EDTIMAXBox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).

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