IMAX, the operator of giant cinema screens, is to tap into a growing momentum for the format by equipping new theatres.  IMAX Corp plans to install 95 systems this year, on top of the 510 now in use. A year ago the number was 386.

IMAX unveiled the news, along with its Q1 numbers on April 27th. Revenue grew 23 per cent to $55.6 million from $45.2 million, beating the $54 million expected by analysts. Net income to March 31st came to $2.6 million compared with a net loss of $1 million a year ago.  In the year to March 31st box-office revenues in North America are up about 17 per cent helped by movies like Mission Impossible – Ghost Protocol and The Hunger Games, being shown in IMAX theatres.

Other posts by :

1. AST SpaceMobile: “Good for indoor reception”
2. EchoStar booms on SpaceX holding
3. Norway wants a satellite constellation
4. Crossroads backs AST SpaceMobile
5. FCC examines SpaceX’s 15,000 sat-constellation plan
6. EchoStar: “Severe uncertainty” led to spectrum sales
7. Netflix gets downgrade on Warner Bros move
8. UK trims Orbex investment
9. Euro-bank sets up €500m space fund

Categories: Articles, Video