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Stock impact report

IMAX, Bona Film Group Expand Alliance With New Deal in China [Yahoo! Finance]

Imax Corporation (IMAX) 
Last imax corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: imax.com/content/investor-relations
Company Research Source: Yahoo! Finance
These new locations will begin operation starting in 2026, reinforcing the surging demand among Chinese audiences and exhibitors for the IMAX Experience. The deal, announced at CinemaCon 2024 in Las Vegas, will bring the total number of IMAX locations with Bona Film Group to 36. It marks the first post-COVID agreement between the two companies as moviegoing surges in China. The new locations will feature IMAX with Laser, offering 4K laser projection for brighter and higher-resolution images with increased contrast and color range exclusively on IMAX screens. This premium and immersive system delivers a best-in-class moviegoing experience. The multi-theater deal follows the company's strong performance in 2023, including Comcast CMCSA-owned Universal Pictures' Oppenheimer , which earned more than $19 million to date, garnering 30% of the film's opening weekend box office on less than 1% of screens. IMAX has continually delivered strong indexing in China, taking home 33% of the Show less Read more
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