IMAX Corp. (IMAX) Said Planning IPO of China Unit

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IMAX Corp. (IMAX) Announces New China Film Fund; Will Initially Have $50M Capitalization

June 16, 2015 6:46 AM EDT

IMAX Corp. (NYSE: IMAX) announced the creation of the IMAX China Film Fund with its subsidiary IMAX China and partner China Media Capital ("CMC"), to help fund a minimum of 10 tentpole films in Mandarin. The China Film Fund, which will be capitalized at up to $50 million initially, will target productions that can leverage the IMAX® brand, relationships, technology and release windows, with the flexibility to produce IMAX and non-IMAX content, and develop original films or co-finance studio productions. Led by its founding Chairman, Ruigang Li, CMC, China's prominent media and entertainment focused investment fund,... More

IMAX Corp. (IMAX) Grosses $44.2M from 'Jurassic World'

June 15, 2015 3:36 PM EDT

IMAX Corp. (NYSE: IMAX) announced that Universal Pictures and Amblin Entertainment's Jurassic World, the long-awaited next installment of Steven Spielberg's groundbreaking Jurassic Park series, scored a record-setting opening weekend in IMAX® theatres with $44.2 million worldwide, surpassing the Company's previous best weekend globally (Iron Man 3's $28.8 million) by more than 50%. Domestically, Jurassic World debuted in IMAX with a benchmark $21 million on 363 IMAX screens, with all of the film's top five locations being IMAX. Additionally, of the film's top 10... More