"When I first heard that this was being done, I wasn't excited, I was frightened," said George Feltenstein, senior VP of theatrical catalog marketing for Warner Bros. Digital Distribution, says of…
Local-language films are boosting the success of IMAX in China. Keanu Reeves' directorial debut "Man Of Tai Chi" releases on July 5.
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.
Domestic Film DAILY
PROVIDED BY: Box Office
No Good Deed
No Good Deed1Daily:$1.2M Cumulative:$28.9M Sony / Screen Gems -35.29%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$586,451 Cumulative:$307.9M Disney -24.71%
Dolphin Tale 2
Dolphin Tale 23Daily:$506,166 Cumulative:$17.6M Warner Brothers -28.02%
LONDON -- Imax Corp. has set Paramount U.K.'s David King to help grow its footprint in Europe, the Middle East and Africa as director of film distribution and marketing in the region.
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.
Imax swung to a $2.6 million profit last quarter on higher revenue thanks to strong film performance and its growing worldwide theater network.
Boosted by a solid summer, large-screen exhib Imax has crossed $1.6 billion in grosses from its digital conversion process since the launch of its first studio release, "Matrix Revolutions," in 2003.
Auds have learned to be wary of movies converted to 3D, as some pics have failed to deliver the premium experience paid for.
Thanks mainly to Warner Bros.' boffo hit "Inception," mega-screen exhib Imax reported a record-breaking third quarter, with total revenues at $51.1 million, up 17% from the same period last year.
Imax's bottom line dropped to $969,000 for the second quarter of 2003 as the big-screen theater company redoubled its efforts to focus on its digital re-mastering system and pay down debt.