Third Magazine

IMAX – Big screens, big bucks

Posted on 06. Nov, 2009 by The James in Industry, Theaters

It looks like Imax has posted a healthy third quarter profit this year.  This is great news considering 2008 saw an overall loss for the company.  No one is making direct statements regarding the reason for the upswing, but healthy speculation would lead to two key changes in the recent past.  First, Imax has been making the switch from a film based platform to digital projection.  Second, Imax has been releasing a lot of current 3D productions which have been devouring a fat portion of the industry’s market share.  Again, it is only speculation, but I feel secure in saying that the 3D boom is definitely helping IMax’s profits.  Filmjournal has more:  IMAX

Tags: IMAX, stock