Imax Rebounds to Post In-Line Third Quarter; Theater Backlog Continues to Expand
Imax rebounded from a weak second quarter to post an in-line third quarter despite weakness in China and a sluggish global box office. The company continues to expand its pipeline with 162 new theater systems agreed to in the quarter including the firm’s largest deal ever, a 150 theater with Wanda. The backlog is now a record 557 theaters, up from the previous record of 442 set last quarter. The current backlog of 557 theaters is now greater than 50% of the current installed base of 1,057 commer...IMAX is an entertainment technology company. Co.'s businesses are: the design and manufacture of theater systems and the sale or contribution of those systems to customers under theater system arrangements; and the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Co. is also engaged in the production and distribution of original large-format films, the provision of services in support of the IMAX theater network, the provision of post-production services for large-format films, the operation of three IMAX theaters and, from time-to-time the conversion of two-dimensional and three-dimensional Hollywood feature films.
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