Gelfond

Record-Shattering $35 Million Debut for "Oppenheimer" Lifts IMAX to Top-Five Weekend All Time at Global Box Office

Retrieved on: 
Monday, July 24, 2023
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NEW YORK, July 24, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) exploded to one of the Company's biggest weekends ever at the global box office on the strength of Christopher Nolan's "Oppenheimer", delivering a massive $35 million debut on only 740 screens worldwide. The stunning figure represented IMAX's biggest share ever of a film's global opening weekend box office with 20% of total receipts. Shot with IMAX Film Cameras, Universal Pictures' "Oppenheimer" set several IMAX records at launch, including:

Key Points: 
  • The stunning figure represented IMAX's biggest share ever of a film's global opening weekend box office with 20% of total receipts.
  • In North America, "Oppenheimer" opened to $21.1 million — an IMAX-record 26.2% of the Domestic box office from only 411 screens.
  • Internationally, "Oppenheimer" opened to $13.9 million — 14.8% of the box office on only 329 screens.
  • "Oppenheimer" headlined a historic weekend for IMAX, with its global network scoring $46.4 million worldwide — the fourth best weekend box office ever for IMAX.

IMAX Corporation Announces Intent to Acquire Full Ownership of IMAX China Subsidiary

Retrieved on: 
Wednesday, July 12, 2023
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NEW YORK, July 12, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China (HKSE:1970), a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, for approximately HK$10 per share in cash / $124 million. The offer represents an approximate 49% premium to the the 30-trading day average closing price. Upon approval of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China.

Key Points: 
  • ET to discuss transaction; details available below and at imax.com/content/investor-relations
    NEW YORK, July 12, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China (HKSE:1970), a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, for approximately HK$10 per share in cash / $124 million.
  • Upon approval of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China.
  • "This deal is a win-win for IMAX Corporation and IMAX China, as it unlocks significant financial benefits for IMAX while offering IMAX China investors a meaningful premium to current market prices," said Rich Gelfond, CEO of IMAX Corporation.
  • The first commercial IMAX location opened in China in 2007 and IMAX China was established as a subsidiary of IMAX Corporation in 2011.

IMAX NAMES GAIL BERMAN AND JEN WONG TO BOARD OF DIRECTORS

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Monday, March 6, 2023
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NEW YORK, March 6, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced two new appointments to its Board of Directors: Gail Berman and Jen Wong. An award-winning executive with a diverse career across film, television, digital media, and Broadway, Berman is currently Chair and Chief Executive Officer of production studio The Jackal Group. Wong is a celebrated business leader who is currently Chief Operating Officer of Reddit, and has led digital sales and strategy across global media firms including PopSugar and AOL, as well as Time Inc., where she served as COO and President of Digital.

Key Points: 
  • Award-Winning Entertainment Executive Berman Brings Decades of Experience across Film, Television, Digital, and Broadway
    Currently Chief Operating Officer of Reddit, Wong has Led Strategy and Growth for Leading Global Media Brands
    NEW YORK, March 6, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced two new appointments to its Board of Directors: Gail Berman and Jen Wong.
  • I look forward to joining Rich Gelfond and my other board members to contribute to the next generation of the IMAX story."
  • Said Wong: "IMAX is a unique company that sits at the heart of technology and entertainment.
  • I am thrilled to join Rich Gelfond and the Board of Directors to continue building this legacy."

IMAX Acquires Streaming Technology Company SSIMWAVE Inc.

Retrieved on: 
Thursday, September 22, 2022
University of Waterloo, HDR, AR, IMAX 3D, Industry, Video quality, The Walt Disney Company, U.S. Securities and Exchange Commission, Hong Kong Stock Exchange, Technology, Perception, The Company, IMAX Corporation, Entrepreneurship, Company, Acquisition, Growth, Annual report, DMR, Czech Game of the Year Awards, Software as a service, Failure, YouTube, Film, NYSE, NASCAR 3D: The IMAX Experience, CEO, Visual perception, Goal, SEDAR, Gelfond, Emmy Awards, Eye, IMAX DMR, Solution, Architecture, NAB, Consumer, University, VR, Image, Video game, Music, Television, MISSISSAUGA, IMAX, Instagram, Engineering, Twitter, Facebook

NEW YORK and MISSISSAUGA, ON, Sept. 22, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced it has acquired SSIMWAVE Inc., a leader in AI-driven video quality solutions for media and entertainment companies. The move marks a significant expansion of IMAX's strategy to deliver the highest quality video images on any screen — to drive new, recurring revenue and grow its global leadership in entertainment technology.

Key Points: 
  • Through its patented, two-time Emmy(R) Award winning technology, Ontario-based SSIMWAVE enables streaming and broadcast providers to deliver the best possible image on any device for on-demand and live video.
  • "SSIMWAVE is doing revolutionary work at the intersection of human visual perception and image enhancement technology.
  • SSIMWAVE was also honored as a Best New Streaming Technology winner in the NAB Show Product of the Year Awards in both 2022 and 2021.
  • IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, Filmed For IMAX, IMAX LIVE, IMAX Enhanced, IMAX nXos and Films to the Fullest, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions.