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IMAX Corporation

January 06, 2023

IMAX Corporation is a Canadian theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide.[7] Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.

IMAX Corporation
TypePublic
NYSE: IMAX
Russell 2000 Component
IndustryMotion picture production and exhibition
PredecessorMulti-Screen Corporation, IMAX Systems Corporation
FoundedAugust 20, 1967; 55 years ago (1967-08-20) in Montreal, Quebec, Canada
FoundersGraeme Ferguson
Roman Kroitor
Robert Kerr
William Shaw
Headquarters
Area served
Worldwide
Key people
Darren Throop
(Chairman)
Richard Gelfond
(CEO)
ProductsSpecial-venue films and movie theatres
Revenue US$395.66 million (2019)[3]
US$58.5 million (2019)[3]
Total assets US$889 million (2019)[3]
Total equity US$637 million (2019)[3]
Number of employees
673[3]
DivisionsIMAX, IMAX 3D, IMAX Dome, IMAX DMR, IMAX at AMC (joint venture with AMC Theatres), IMAX Enhanced (joint venture with DTS)[4]
SubsidiariesIMAX Filmed Entertainment
Ridefilm Corporation
Sonics Associates
David Keighley Productions[5]
3D Entertainment
Ssimwave[6]
Websiteimax.com

As of December 2019, there were 1,624 IMAX theatres located in 81 countries, of which 1,529 were in commercial multiplexes.[8] These include IMAX variations such as IMAX 3D, IMAX Dome, and Digital IMAX. The CEO is Richard Gelfond.[9]

History

IMAX is a Canadian corporation that is based in Mississauga, Ontario. The company was founded in 1967 when three filmmakers—Graeme Ferguson, Roman Kroitor and Robert Kerr—incorporated IMAX Corporation. The idea and the new technology, which resulted in the birth of the company, came from the multi-screen productions of Roman Kroitor, Colin Low and Hugh O'Connor. In the Labyrinth[10] and Ferguson's Man and the Polar Regions (on which Robert Kerr collaborated), both screened at the Expo 67.[11][12] From their experience, Graeme Ferguson, Roman Kroitor and Robert Kerr realized that new technology would be necessary to develop a larger and more complex project than previously seen. As a result, they sought an engineer named William Shaw in 1968[13] (he had gone to Galt Collegiate Institute in Galt, Ontario, now Cambridge, with Ferguson and Kerr) to help develop this technology. Shaw created this new projector that allowed for films to have exceptionable quality and to be ten times larger than conventional 35mm picture frames.[14] The first movie IMAX Corporation produced using this new technology was Tiger Child, which was featured at Expo '70 in Osaka, Japan.[14] It was because of the multi-screen viewing that Graeme Ferguson, Roman Kroitor and Robert Kerr wanted to create a theatre with giant screens, surround sound and stadium seating.

William Shaw was instrumental in helping IMAX Corporation fulfill its ambitions in creating larger and more realistic experiences for audience which included oversized screens, surround sound and steep seating for better viewing.[12] Shaw remained at IMAX (although officially retired) as a designer and inventor until his passing on August 31, 2002, at the age of 73.[14] Before retiring, Shaw created a 3D camera which was sent to the International Space Station for IMAX films.[14] In 1994, investment bankers Gelfond and Bradley Wechsler acquired IMAX Corporation through a leveraged buyout and publicly listed the company on the NASDAQ stock exchange.[15][16] IMAX then began to focus their abilities on attracting Hollywood production houses.[17] Another engineer at IMAX Corporation, Brian Bonnick, Chief Technology Officer at IMAX Corporation, developed technologies that made it possible for the worldwide IMAX to produce major Hollywood films.[18] More flexible technology required by that industry led to the development of the IMAX DMR (Digital Re-Mastering), which was able to adapt quickly in various locations. Newer technology followed, including the IMAX Experience and the IMAX MPX theatre system. Revamped IMAX 2D footage has been transferred into IMAX 3D.[18] In September 2022, IMAX Corporation acquired streaming technology company Ssimwave for $21 million in a cash and stock deal.[6]

Recent milestones

  • In April 2009, Gelfond became the sole IMAX CEO and Wechsler moved into the role of chairman of the board of directors.[19][20]
  • Later in 2009, IMAX participated in the movie Avatar, to which the company credits its mainstream Hollywood success.[21][22]
  • In March 2011, IMAX noted that China's Wanda Cinema Line announced a 75-theatre deal with IMAX Corporation.[23]
  • In 2012, IMAX opened its first location in Tianjin, China.[24]
  • On October 8, 2015, IMAX China, a subsidiary of the company, was listed on the Hong Kong Stock Exchange.[25] According to The Hollywood Reporter and The Wall Street Journal, "IMAX China raised $248 million in its initial public offering,"[26] which was the "bottom of [the] indicative price range."[27]
  • As of December 2019, there were 1,624 theatres in 81 countries and territories.[3]

Co-productions

Main articles: Inhumans (TV series) and Inhumans premiere

In November 2016, Marvel Television and IMAX announced the live action television series Marvel's Inhumans, based on the superhero race of the same name. The series, co-produced with ABC Studios, saw IMAX serve as a financing partner, a first for IMAX, which allowed Marvel to spend more on the series than it had on its other television series, especially for visual effects. The entire series was filmed with IMAX digital cameras. Inhumans debuted an edited specific for theatrical-release version of the first two episodes. The episodes debuted on IMAX screens in theatres worldwide in September 2017, with the series airing weekly on ABC afterwards.[28][29][30] After the poor reception to the IMAX version of the first two episodes and a box office gross of $3.5 million, Richard Gelfond said, "Going forward, we intend to take a more conservative approach consistent with the Game of Thrones approach to capital investments and content. We will be more conservative when considering whether to invest our own capital; and if so, to what extent."[31]

See also

References

  1. ^ "Construction to start on IMAX headquarters in Playa Vista". November 23, 2015.
  2. ^ https://www.bizjournals.com/bizwomen/news/latest-news/2019/12/imax-sets-new-global-box-office-record.html[bare URL]
  3. ^ a b c d e f "EDGAR Pro". yahoo.brand.edgar-online.com. from the original on September 11, 2018. Retrieved September 13, 2019.
  4. ^ "Imax and DTS Partner to Launch Imax® Enhanced Program for Home Entertainment". September 4, 2018.
  5. ^ "Imax Corporation – Company History". Fundinguniverse.com. from the original on October 17, 2012. Retrieved February 24, 2012.
  6. ^ a b Goldsmith, Jill (September 22, 2022). "Imax Expands Horizons With Acquisition Of Streaming Tech Company Ssimwave". Deadline Hollywood.
  7. ^ "History of IMAX". Funding Universe. September 3, 2011. from the original on October 21, 2012. Retrieved April 2, 2013.
  8. ^ "IMAX and Cineplex Launch Canada's First IMAX VR Centre at Scotiabank Theatre Toronto". markets.businessinsider.com. finanzen.net GmbH. from the original on June 15, 2018. Retrieved January 16, 2018.
  9. ^ "Corporate Information". www.imax.com. May 9, 2016. from the original on April 8, 2019. Retrieved September 13, 2019.
  10. ^ "In the Labyrinth (1967) Full Cast & Crew". IMDB. from the original on October 24, 2020. Retrieved October 24, 2020.
  11. ^ Aitken, Ian (October 27, 2005). "NFB's Labyrinth". Encyclopedia of the Documentary Film. Routledge. pp. 168–9. ISBN 978-1579584450.
  12. ^ a b Anonymous (Spring 1993). "Oscar Nominated Canadian Company on the Leading Edge". Performing Arts & Entertainment in Canada. ProQuest 224882893.
  13. ^ Tillson, Tamsen (September 15, 2002). "Obituaries: Shaw Thought Big: IMAX". Variety. ProQuest 236388230.
  14. ^ a b c d Anonymous (September 10, 2002). "His Talents Made IMAX Possible". National Post. ProQuest 329968693.
  15. ^ Enchin, Harvey (January 13, 1994). "TORONTO-BASED IMAX FINDS INVESTORS IN U.S." Toronto Globe and Mail. from the original on April 12, 2018. Retrieved April 12, 2018 – via Deseret News.
  16. ^ "Imax brand is larger than life". The Hollywood Reporter. June 19, 2007. from the original on April 12, 2018. Retrieved April 12, 2018.
  17. ^ Schawbel, Dan. "Richard Gelfond: How He Took IMAX From Museums To Hollywood". Forbes. from the original on April 13, 2018. Retrieved April 12, 2018.
  18. ^ a b Anonymous (September 24, 2007). "IMAX Corporation". The Globe and Mail. ProQuest 383811791.
  19. ^ "Imax nixes co-chairman, co-CEO posts" – via The Globe and Mail.
  20. ^ "IMAX realigns governance". Financial Post. from the original on January 17, 2018. Retrieved January 16, 2018.
  21. ^ Lindner, Melanie (March 11, 2010). "IMAX Chief Says Avatar Is Just The Start". Forbes. from the original on January 17, 2018. Retrieved January 16, 2018.
  22. ^ Prodhan, Georgina (April 12, 2010). "Avatar drives IMAX box office record". Reuters – via www.reuters.com.
  23. ^ . IMAX Corporation. Archived from the original on November 15, 2012. Retrieved April 3, 2013.
  24. ^ Anonymous (May 5, 2009). "IMAX Corporation; IMAX Signs Theatre Deal in China". China Weekly News. ProQuest 199235087.
  25. ^ Brzeski, Patrick (February 24, 2016). "Imax China to Install 100 New Screens in 2016, Bullish on Growth". The Hollywood Reporter. from the original on February 25, 2016. Retrieved February 25, 2016.
  26. ^ Brzeski, Patrick (October 7, 2015). "Imax China Begins Trading on Hong Kong Stock Exchange". The Hollywood Reporter. from the original on February 1, 2018. Retrieved January 31, 2018.
  27. ^ Lee, Yvonne (October 1, 2015). "IMAX China Raises $248 Million in Hong Kong Initial Public Offering". Wall Street Journal. from the original on February 1, 2018. Retrieved January 31, 2018.
  28. ^ "'Marvel's The Inhumans' Coming To IMAX & ABC In 2017". Marvel.com. November 14, 2016. from the original on June 7, 2017. Retrieved November 14, 2016.
  29. ^ Goldberg, Lesley (November 14, 2016). "Marvel, ABC Set 'The Inhumans' TV Series". The Hollywood Reporter. from the original on November 15, 2016. Retrieved November 14, 2016.
  30. ^ Barnes, Brooks (November 14, 2016). "Marvel's 'Inhumans' TV Series Will Arrive via Imax Theaters". The New York Times. Archived from the original on November 17, 2016. Retrieved November 15, 2016.
  31. ^ Hayes, Dade (October 27, 2017). "Imax Concedes 'Marvel Inhumans' Experiment Let Down Moviegoers". Deadline Hollywood. from the original on October 27, 2017. Retrieved October 27, 2017.

External links

  • Official website
  • Business data for IMAX Corporation:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!

January 06, 2023
imax, corporation, canadian, theatre, company, which, designs, manufactures, imax, cameras, projection, systems, well, performing, film, development, production, post, production, distribution, imax, affiliated, theatres, worldwide, founded, montreal, 1967, he. IMAX Corporation is a Canadian theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development production post production and distribution to IMAX affiliated theatres worldwide 7 Founded in Montreal in 1967 it has headquarters in the Toronto area and operations in New York City and Los Angeles IMAX CorporationTypePublicTraded asNYSE IMAXRussell 2000 ComponentIndustryMotion picture production and exhibitionPredecessorMulti Screen Corporation IMAX Systems CorporationFoundedAugust 20 1967 55 years ago 1967 08 20 in Montreal Quebec CanadaFoundersGraeme FergusonRoman KroitorRobert KerrWilliam ShawHeadquartersMississauga Ontario Canada global Los Angeles California United States Corporate 1 2 Area servedWorldwideKey peopleDarren Throop Chairman Richard Gelfond CEO ProductsSpecial venue films and movie theatresRevenueUS 395 66 million 2019 3 Net incomeUS 58 5 million 2019 3 Total assetsUS 889 million 2019 3 Total equityUS 637 million 2019 3 Number of employees673 3 DivisionsIMAX IMAX 3D IMAX Dome IMAX DMR IMAX at AMC joint venture with AMC Theatres IMAX Enhanced joint venture with DTS 4 SubsidiariesIMAX Filmed EntertainmentRidefilm CorporationSonics AssociatesDavid Keighley Productions 5 3D EntertainmentSsimwave 6 Websiteimax comAs of December 2019 there were 1 624 IMAX theatres located in 81 countries of which 1 529 were in commercial multiplexes 8 These include IMAX variations such as IMAX 3D IMAX Dome and Digital IMAX The CEO is Richard Gelfond 9 Contents 1 History 1 1 Recent milestones 2 Co productions 3 See also 4 References 5 External linksHistory EditIMAX is a Canadian corporation that is based in Mississauga Ontario The company was founded in 1967 when three filmmakers Graeme Ferguson Roman Kroitor and Robert Kerr incorporated IMAX Corporation The idea and the new technology which resulted in the birth of the company came from the multi screen productions of Roman Kroitor Colin Low and Hugh O Connor In the Labyrinth 10 and Ferguson s Man and the Polar Regions on which Robert Kerr collaborated both screened at the Expo 67 11 12 From their experience Graeme Ferguson Roman Kroitor and Robert Kerr realized that new technology would be necessary to develop a larger and more complex project than previously seen As a result they sought an engineer named William Shaw in 1968 13 he had gone to Galt Collegiate Institute in Galt Ontario now Cambridge with Ferguson and Kerr to help develop this technology Shaw created this new projector that allowed for films to have exceptionable quality and to be ten times larger than conventional 35mm picture frames 14 The first movie IMAX Corporation produced using this new technology was Tiger Child which was featured at Expo 70 in Osaka Japan 14 It was because of the multi screen viewing that Graeme Ferguson Roman Kroitor and Robert Kerr wanted to create a theatre with giant screens surround sound and stadium seating William Shaw was instrumental in helping IMAX Corporation fulfill its ambitions in creating larger and more realistic experiences for audience which included oversized screens surround sound and steep seating for better viewing 12 Shaw remained at IMAX although officially retired as a designer and inventor until his passing on August 31 2002 at the age of 73 14 Before retiring Shaw created a 3D camera which was sent to the International Space Station for IMAX films 14 In 1994 investment bankers Gelfond and Bradley Wechsler acquired IMAX Corporation through a leveraged buyout and publicly listed the company on the NASDAQ stock exchange 15 16 IMAX then began to focus their abilities on attracting Hollywood production houses 17 Another engineer at IMAX Corporation Brian Bonnick Chief Technology Officer at IMAX Corporation developed technologies that made it possible for the worldwide IMAX to produce major Hollywood films 18 More flexible technology required by that industry led to the development of the IMAX DMR Digital Re Mastering which was able to adapt quickly in various locations Newer technology followed including the IMAX Experience and the IMAX MPX theatre system Revamped IMAX 2D footage has been transferred into IMAX 3D 18 In September 2022 IMAX Corporation acquired streaming technology company Ssimwave for 21 million in a cash and stock deal 6 Recent milestones Edit In April 2009 Gelfond became the sole IMAX CEO and Wechsler moved into the role of chairman of the board of directors 19 20 Later in 2009 IMAX participated in the movie Avatar to which the company credits its mainstream Hollywood success 21 22 In March 2011 IMAX noted that China s Wanda Cinema Line announced a 75 theatre deal with IMAX Corporation 23 In 2012 IMAX opened its first location in Tianjin China 24 On October 8 2015 IMAX China a subsidiary of the company was listed on the Hong Kong Stock Exchange 25 According to The Hollywood Reporter and The Wall Street Journal IMAX China raised 248 million in its initial public offering 26 which was the bottom of the indicative price range 27 As of December 2019 update there were 1 624 theatres in 81 countries and territories 3 Co productions EditMain articles Inhumans TV series and Inhumans premiere In November 2016 Marvel Television and IMAX announced the live action television series Marvel s Inhumans based on the superhero race of the same name The series co produced with ABC Studios saw IMAX serve as a financing partner a first for IMAX which allowed Marvel to spend more on the series than it had on its other television series especially for visual effects The entire series was filmed with IMAX digital cameras Inhumans debuted an edited specific for theatrical release version of the first two episodes The episodes debuted on IMAX screens in theatres worldwide in September 2017 with the series airing weekly on ABC afterwards 28 29 30 After the poor reception to the IMAX version of the first two episodes and a box office gross of 3 5 million Richard Gelfond said Going forward we intend to take a more conservative approach consistent with the Game of Thrones approach to capital investments and content We will be more conservative when considering whether to invest our own capital and if so to what extent 31 See also Edit3netReferences Edit Construction to start on IMAX headquarters in Playa Vista November 23 2015 https www bizjournals com bizwomen news latest news 2019 12 imax sets new global box office record html bare URL a b c d e f EDGAR Pro yahoo brand edgar online com Archived from the original on September 11 2018 Retrieved September 13 2019 Imax and DTS Partner to Launch Imax Enhanced Program for Home Entertainment September 4 2018 Imax Corporation Company History Fundinguniverse com Archived from the original on October 17 2012 Retrieved February 24 2012 a b Goldsmith Jill September 22 2022 Imax Expands Horizons With Acquisition Of Streaming Tech Company Ssimwave Deadline Hollywood History of IMAX Funding Universe September 3 2011 Archived from the original on October 21 2012 Retrieved April 2 2013 IMAX and Cineplex Launch Canada s First IMAX VR Centre at Scotiabank Theatre Toronto markets businessinsider com finanzen net GmbH Archived from the original on June 15 2018 Retrieved January 16 2018 Corporate Information www imax com May 9 2016 Archived from the original on April 8 2019 Retrieved September 13 2019 In the Labyrinth 1967 Full Cast amp Crew IMDB Archived from the original on October 24 2020 Retrieved October 24 2020 Aitken Ian October 27 2005 NFB s Labyrinth Encyclopedia of the Documentary Film Routledge pp 168 9 ISBN 978 1579584450 a b Anonymous Spring 1993 Oscar Nominated Canadian Company on the Leading Edge Performing Arts amp Entertainment in Canada ProQuest 224882893 Tillson Tamsen September 15 2002 Obituaries Shaw Thought Big IMAX Variety ProQuest 236388230 a b c d Anonymous September 10 2002 His Talents Made IMAX Possible National Post ProQuest 329968693 Enchin Harvey January 13 1994 TORONTO BASED IMAX FINDS INVESTORS IN U S Toronto Globe and Mail Archived from the original on April 12 2018 Retrieved April 12 2018 via Deseret News Imax brand is larger than life The Hollywood Reporter June 19 2007 Archived from the original on April 12 2018 Retrieved April 12 2018 Schawbel Dan Richard Gelfond How He Took IMAX From Museums To Hollywood Forbes Archived from the original on April 13 2018 Retrieved April 12 2018 a b Anonymous September 24 2007 IMAX Corporation The Globe and Mail ProQuest 383811791 Imax nixes co chairman co CEO posts via The Globe and Mail IMAX realigns governance Financial Post Archived from the original on January 17 2018 Retrieved January 16 2018 Lindner Melanie March 11 2010 IMAX Chief Says Avatar Is Just The Start Forbes Archived from the original on January 17 2018 Retrieved January 16 2018 Prodhan Georgina April 12 2010 Avatar drives IMAX box office record Reuters via www reuters com IMAX IMAX Corporation Archived from the original on November 15 2012 Retrieved April 3 2013 Anonymous May 5 2009 IMAX Corporation IMAX Signs Theatre Deal in China China Weekly News ProQuest 199235087 Brzeski Patrick February 24 2016 Imax China to Install 100 New Screens in 2016 Bullish on Growth The Hollywood Reporter Archived from the original on February 25 2016 Retrieved February 25 2016 Brzeski Patrick October 7 2015 Imax China Begins Trading on Hong Kong Stock Exchange The Hollywood Reporter Archived from the original on February 1 2018 Retrieved January 31 2018 Lee Yvonne October 1 2015 IMAX China Raises 248 Million in Hong Kong Initial Public Offering Wall Street Journal Archived from the original on February 1 2018 Retrieved January 31 2018 Marvel s The Inhumans Coming To IMAX amp ABC In 2017 Marvel com November 14 2016 Archived from the original on June 7 2017 Retrieved November 14 2016 Goldberg Lesley November 14 2016 Marvel ABC Set The Inhumans TV Series The Hollywood Reporter Archived from the original on November 15 2016 Retrieved November 14 2016 Barnes Brooks November 14 2016 Marvel s Inhumans TV Series Will Arrive via Imax Theaters The New York Times Archived from the original on November 17 2016 Retrieved November 15 2016 Hayes Dade October 27 2017 Imax Concedes Marvel Inhumans Experiment Let Down Moviegoers Deadline Hollywood Archived from the original on October 27 2017 Retrieved October 27 2017 External links EditOfficial website Business data for IMAX Corporation BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title IMAX Corporation amp oldid 1131670717, wikipedia, wiki, book, books, library,

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