Find IMAX earnings date, updates and upcoming IMAX earnings report Sep 16, 2020 as well as EPS Forecast and IMAX top analyst price target consensus for IMAX 27, 2020 5:35 PM ET | About: IMAX Corporation (IMAX) | By: Khyathi Dalal, SA News Editor . Many of those films are now slated to premiere at the end of 2020 and 2021. Imax tickets cost more than most movies, but CEO Richard Gelfond said he didn’t expect that a lack of disposable income will hurt his business. “Chris really would like to be coming out with the film that opens theaters,” Gelfond said. IMAX (NYSE:IMAX) is scheduled to announce Q2 earnings … Imax said it expects that a back half of the year filled with comic book movies and high-profile sequels will help it improve its balance sheet. View IMAX revenue estimates and earnings estimates, as well as analyst recommendations. ET. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. • IMAX Technology Sales and Maintenance revenues decreased 49.9% to $15.1 million in the first quarter of 2020, compared with $30.1 million in the prior year period. Gelfond said theater owners are looking at ways to have their audiences social distance, including filling every other seat and implementing software programs that would allow families to sit together while providing space between other audience members. Read Next: Oscar Winner Kristof Deak Starts Shooting Feature Debut ‘The Grandson’ (EXCLUSIVE), Grammys’ Spoken Word Race Could See Lana Del Rey and Colin Jost Face Off, Gov.
The declines are further evidence of how hard-hit the exhibition sector has been by the public health crisis roiling the world. Of course, when theaters’ re-ignite their marquees, they will be doing so in the midst of a recession, possibly even a depression.
Imax Corp Q1 2020 Earnings Call Apr 30, 2020, 8:30 a.m. Courtesy of Warner Bros./Melinda Sue Gordon Imax Corporation posted a loss of $49.4 million in the first quarter of 2020, as theater closures — due to …
Imax Corporation posted a loss of $49.4 million in the first quarter of 2020, as theater closures — due to the coronavirus pandemic — were a drag on earnings. In the prior-year quarter, Imax had reported a profit of $8 million. IMAX Q2 2020 Earnings Preview. Warner Bros. Pictures' "Tenet" Off To Strong Start In IMAX® With $5 Million International Debut On Less Than 250 Screens Jul 27, 2020 IMAX Begins Reopening in China With 369 Theatres Nationwide, Sold Out Showcase at Shanghai International Film Festival Jul 27, 2020
The Imax chief said he hopes that “Tenet,” Christopher Nolan’s upcoming sci-fi thriller, will be the first major release to launch in re-opened theaters. Imax felt the impact from closed theaters before other exhibition companies, because the company is heavily dependent on China, where the coronavirus epidemic raged for much of January, a full month before it halted daily life in the U.S. Those closures have also left studios pushing back the releases of blockbusters, such as “Wonder Woman 1984” and “No Time to Die,” that fuel Imax’s core business of showcasing special-effects heavy spectacles and franchise fare.
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