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Market: NASDAQ TSX
Sector: Travel and Tourism
EPIC: IMAX
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IMAX Corp
www.imax.com

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive motion picture technologies.

As of June 30, 2009, there were 394 IMAX theatres (273 commercial, 121 institutional) operating in 44 countries.

Full IMAX Corp profile here
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Imax says The Avengers sets new 3-day opening weekend records for its theatres

7th May 2012, 3:50 pm by Brad Lemaire
Imax says The Avengers sets new 3-day opening weekend records for its theatres

Theatre systems maker Imax Corp. (NYSE:IMAX) said Monday that The Avengers set new opening weekend box office records for the company, as it reported particularly strong results in key growth markets like China. 

The Avengers, a band of superheroes created by comic legends Stan Lee and Jack Kirby, topped Imax’s domestic opening weekend box office record by generating $15.3 million of the film’s record-setting domestic gross of $200 million, resulting in an Imax per-screen average of around $56,000 in 275 digital Imax theatres.

Overseas, the blockbuster film generated about $6.1 million over the weekend in 176 Imax theatres, of which 80 were debut runs. This brings Imax’s international total from the film to $16 million. Some international markets, including Poland and Japan, have yet to open, the company added.

The superhero movie also set a new Imax three-day opening weekend global box office record with $21.4 million, bringing the worldwide gross to $31.3 million in Imax theatres worldwide since the movie’s release on April 25. 

"With more international markets still to open, we expect this trend to continue over the next few weeks as the film continues to play in a number of domestic and international Imax theatres," said chairman Greg Foster in a statement.

"We saw particularly strong results in Imax's key growth markets including China, which opened on Saturday to sell-out business across our network," the company said.

Imax, with headquarters in Toronto, Los Angeles and Beijing, said as of last December, there were 634 Imax theatres – 497 commercial multiplex, 20 commercial destination and 117 institutional - running in 50 countries.

Shares of Imax climbed 68 cents to reach $24.59 apiece in trade on the New York Stock Exchange.

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