You will be redirected back to your article in seconds

Imax second quarter earnings up 38%

Megascreen exhib posts revenue of $55.6 million

After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings.

The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this year’s first quarter, Imax’s earnings for the first half of the year outpaced the comparable period last year by 75%.

Imax earned an adjusted net income of 13¢ per share, the same as last year’s second quarter.

“We are pleased with our second quarter results, which reflect not only solid performance and revenue growth across our key business segments, but also our ability to leverage strong film performance into significant network expansion,” Imax CEO Richard L. Gelfond said in a statement.

Imax has been beefing up its international presence, with 118 new theater signings since Jan. 1; the company inked only 35 deals in 2009.

Top second-quarter players for Imax were Paramount’s “Iron Man 2,” Disney/Pixar’s “Toy Story 3” and “Inception,” which Warner launched July 16 for a total $700,000 on 197 Imax runs, repping 12% of the pic’s $62.8 million bow. Imax’s first-quarter giant, 20th Century Fox’s “Avatar,” is set for re-release in Imax on Aug. 27.

Overseas, local Chinese production “After Shock” contributed a boffo $640,000 on just 12 Imax screens, averaging $53,000 per screen. “After Shock,” which debuted on July 22, is the first non-U.S. commercial title to get the Imax treatment.

China, Imax’s highest-contributing overseas market, gets “Shrek Forever After” Aug. 12. “Inception” follows in late September.

More Film

  • The Rock Rampage

    China Box Office: 'Rampage' Wins Quiet Weekend

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • British Actor and Model Alex Pettyfer

    Alex Pettyfer Opens Up About Celebrity and Directing His Sexy Drama 'Back Roads'

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • Zoe Ewan McGregor

    Tribeca Film Review: 'Zoe'

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • James Cameron Pandora World of Avatar

    James Cameron Talks Plans for Five 'Avatar' Films & More 'Terminator'

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • Rampage

    Dwayne Johnson's 'Rampage' Continues to Roar Overseas

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • No Merchandising. Editorial Use Only. No

    Box Office: 'A Quiet Place' Back on Top, 'Super Troopers 2' Smokes Projections

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

  • 'The Night Eats the World' Review

    Tribeca Film Review: 'The Night Eats the World'

    After a record-setting 2010 first quarter, megascreen exhib Imax posted a healthy second quarter, with revenues up 38% over last year’s second quarter earnings. The company reported that revenue for the quarter ending June 30 reached $55.6 million, compared to $40.4 million earned during the year-ago period. Thanks to a massive 120% bump during this […]

More From Our Brands

Access exclusive content