Imax Corp. shares reached their highest level in 11 months after the company said that growing international demand for movies shown in its large-screen format helped double fourth-quarter profit.
Imax Corp. , operator of large-screen movie theaters, reached an agreement to open at least 10 additional locations in Russia, part of an expansion that will boost the number of Imax cinemas worldwide by about 25 percent.
Imax Corp. and Regal Entertainment Group , the largest U.S. theater chain, will expand a joint- venture agreement by adding as many as 25 big-screen cinemas as studios release more 3-D movies.
Eastman Kodak Co. agreed to provide laser-projection technology to Imax Corp., bolstering revenue as the unprofitable 131-year-old camera company seeks to stave off bankruptcy.
"You have a growing middle class and wealthy class that's seeking premium entertainment."
- Rich Gelfond on Jul 27, 2010