12:21:24 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Imax Corp
Symbol IMX
Shares Issued 68,501,628
Close 2014-09-30 C$ 30.75
Market Cap C$ 2,106,425,061
Recent Sedar Documents

FP/wire say Regal objects to moves by Imax, Netflix

2014-10-01 09:30 ET - In the News

The Financial Post reports in its Wednesday, Oct. 1, edition that United States theatre chain Regal Entertainment Group said it would not show the sequel to Crouching Tiger, Hidden Dragon in any of its Imax theatres, objecting to a move by Imax and Netflix to sidestep a normal theatre release. A Reuters dispatch to the Post reports that the sequel to the Oscar-winning movie will be premiered on Netflix's on-line streaming service and simultaneously in select global Imax theatres, Netflix and Imax Corp. said Tuesday. "While a home video release may be simultaneously performing in certain Imax locations, at Regal we will not participate in an experiment where you see the same product on screens varying from three storeys tall to three feet wide on a smart phone," said Russ Nunley, a spokesman for Regal Entertainment. Regal has 86 Imax theatres spread across the United States. A number of reports said Regal's rival, Cinemark Holdings Inc., would also not show the martial arts movie in its theatres. Imax shares shed a penny to finish Tuesday in Toronto at $30.75.

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