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Richard Gelfond

CEO
: IMAX, IMAX
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Latest Headlines: Richard Gelfond

Imax is planning  a major makeover of the iconic Chinese Theater in Hollywood. The giant-screen chain announced Friday that it had struck a deal with the venue's owners to redo the former Grauman's —…
A growing global theater network, with 33 installations and 41 signings last quarter, helped Imax profits nearly double to $15 million from $8.4 million. Revenue rose 20% to $81 million.
Imax CEO Richard Gelfond sees the merger of a Chinese and U.S. theater chain as good news for AMC Theaters, and he hopes some of the benefits will trickle down to his company.
In the first major deal to deploy what is expected to be the next major advance in theatrical projection, Imax has stuck an exclusive licensing deal with Kodak for laser projection.