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Is Imax Losing Its Edge In A Changing Movie Industry? Piper Jaffray Downgrades On Multiple Stock Pressures
Wednesday, January 10, 2018 - 4:58pm | 368While Imax Corp (USA) (NYSE: IMAX) may have had some differentiating advantages that gave it a competitive edge in a changing movie business, this may no longer be the case, according to Piper Jaffray. The Analyst Piper Jaffray's Stan Meyers downgraded Imax's stock rating from...
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IMAX Announces New Revenue Share Agreement Plan With Chinese Partner
Thursday, May 12, 2016 - 9:52am | 358IMAX Corporation (USA) (NYSE: IMAX) announced after Wednesday's market close that it has entered into a new revenue sharing agreement with a partner in China. IMAX and its subsidiary, IMAX China Holding, entered into a revenue sharing agreement with Guangzhou JinYi Media that covers 40 new IMAX...
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IMAX Touts Success Of Marvel's 'Captain America' Opening In China
Monday, May 9, 2016 - 10:28am | 269IMAX Corporation (USA) (NYSE: IMAX) announced over the weekend that the release of Walt Disney Co (NYSE: DIS)'s "Captain America: Civil War" achieved a record-level debut in China. IMAX said the film grossed $10 million across 283 IMAX screens in China. The company added that the film is on pace to...
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IMAX Announces New Partnership In China
Tuesday, May 3, 2016 - 9:47am | 311IMAX Corporation (USA) (NYSE: IMAX) announced after Monday's market close it has entered into a new agreement with Shanghai Bestar Cinemas Management for 10 new IMAX theaters to be opened throughout China. Shanghai Bestar is a subsidiary of Future Land Holdings Co, a property developer in China....
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MKM Reviews The Weekend's Box Office Performance, Noting Weakness In 'Avengers'
Monday, May 11, 2015 - 12:10pm | 247In a report published Monday, MKM Partners analyst Eric Handler commented on the weekend's box office performance, noting that Walt Disney Co (NYSE: DIS)'s "Avengers: Age of Ultron" once again "dominated" for the second straight weekend, but grossed only $77.2 million, short of the $90.0 million he...
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Earnings Season Boosts Confidence; S&P Trades At Record Highs
Tuesday, July 22, 2014 - 4:40pm | 2810U.S. stocks rose as earnings season continues to impress with companies like Comcast, Chipotle Mexican Grill and Verizon reported positive results. The National Association of Realtors reported existing home sales rose better than expected. helping propel stocks higher despite global...
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Market Wrap For April 8: Markets Bounce Higher As Earnings Season Begins
Tuesday, April 8, 2014 - 4:54pm | 2569U.S. stocks rose as major indices finished the day just barely in the green as the Dow was up as much as 50 points and lower by 65 points before settling the day gaining 10 points. The Nasdaq bounced back sharply from its worst three-day performance since 2011 as investors went bargain hunting...
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Market Wrap For February 3: Bears In Complete and Absolute Control
Monday, February 3, 2014 - 5:45pm | 2594U.S. stocks continued its losses on an accelerated basis on Monday. Investors are in clear panic mode following a report that U.S manufacturing activity expanded at a slower pace in January. The Dow plunged more than 300 points while the S&P 500 and Nasdaq both fell more than two percent as...