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‘Inception’ boosts Imax revenue

Mega-screen exhib posts $51.1 million in Q3 revs

Thanks mainly to Warner Bros.’ boffo hit “Inception,” mega-screen exhib Imax reported another up period, with total revenues at $51.1 million in the third quarter, up 17% from the same sesh last year.

“The performance of ‘Inception’ demonstrated how our fans seek out Imax because it is the best way to experience a movie, whether in 2D or 3D,” Imax CEO Richard L. Gelfond said in a statement.

The company’s year-to-date earnings, ending Sept. 30, were also up (17%) over last year, totaling $179.5 million vs. the $117 million earned in 2009. Imax reported an adjusted net income of 81 cents per share during the first nine months, compared to the period’s 15 cents per share last year.

Imax credited its network growth as another major boost this quarter. The exhib has added 100 new theater contracts vs. the 13 signings during the year-ago period.

Along with “Inception,” which stands as the fourth-highest grossing DMR title ever for Imax, the company scored with Sony/Screen Gems’ “Resident Evil: Afterlife,” which has earned so far more than $273 million in worldwide grosses. Global B.O. totals for “Inception” stand at a whopping $815 million, of which more than $50 million came from Imax.

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