IMAX Corporation

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IMAX Corporation
Public
Traded as NYSEIMAX
Industry Motion picture production and exhibition
Predecessor Multi-Screen Corporation, IMAX Systems Corporation
Founded 1968 in Montreal, Quebec, Canada
Founders Graeme Ferguson
Roman Kroitor
Robert Kerr
William Shaw
Headquarters Mississauga, Ontario, Canada
Area served
Worldwide
Key people
Bradley Wechsler (Chairman)
Richard Gelfond (CEO)
Products Special-venue films and movie theatres
Revenue Increase US$2.095 billion (2016)[1]
Profit Increase US$ 41.3 million (FY 2012)[1]
Total assets Increase US$421 million (FY 2012)[1]
Total equity Increase US$253 million (FY 2012) [1]
Number of employees
526[1]
Divisions IMAX, IMAX Dome, IMAX DMR
Subsidiaries Ridefilm Corporation, Sonics Associates, David Keighley Productions[2]
Website www.imax.com

The IMAX Corporation is a Canadian theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post production and distribution to IMAX affiliated theatres worldwide.[3] Founded in 1968, it has operations in Toronto, as well as New York City and Los Angeles.

As of June 2016, the IMAX theater network consisted of 1,102 theatres in 69 countries.[4] These include IMAX variations such as IMAX 3D, IMAX Dome, and Digital IMAX.

History[edit]

IMAX is a Canadian corporation that is based in Toronto and Mississauga, Ontario. The Company was officially founded in 1967 when three filmmakers, Graeme Ferguson, Roman Kroitor and Robert Kerr incorporated IMAX Corporation. The idea and the new technology, which resulted in the birth of the company, came the work that Ferguson, Kroitor and Kerr had done producing the multi-screen National Film Board of Canada production In the Labyrinth and Ferguson's Man and the Polar Regions for Expo 67.[5][6] From their experience, Graeme Ferguson, Roman Kroitor and Robert Kerr realized that new technology would be necessary to develop a larger and more complex project than previously seen. As a result, they sought an engineer named William Shaw in 1968[7] (he had gone to Galt Collegiate Institute in Galt, Ontario, now Cambridge, with Ferguson and Kerr) to help develop this technology. Shaw created this new projector that allowed for films to have exceptionable quality and to be ten times larger than conventional 35mm picture frames.[8] The first movie IMAX Corporation produced using this new technology was Tiger Child which was featured at Expo '70 in Osaka, Japan.[8] It was because of the multi-screen viewing that Graeme Ferguson, Roman Kroitor and Robert Kerr wanted to create a theatre with giant screens, surround sound and stadium seating.

William Shaw was instrumental in helping IMAX Corporation fulfill its ambitions in creating larger and more realistic experiences for audience which included oversized screens, surround sound and steep seating for better viewing.[6] Shaw remained at IMAX (although officially retired) as a designer and inventor until his passing on August 31, 2002 at the age of 73.[8] Before retiring Shaw created a 3D camera which was sent to the International Space Station for IMAX films.[8] Another engineer at IMAX Corporation Brian Bonnick, Chief Technology Officer at IMAX Corporation, developed technologies that made it possible for the worldwide IMAX to produce major Hollywood films.[9] It was a critical point when IMAX Corporation sought to expand in 1994 by publicly listing IMAX on the NASDAQ stock exchange, and it became apparent then the future of the company rest in their ability to attract Hollywood production houses.[6] To do this required flexible technology able to adapt quickly in various locations. Bonnick and his group created IMAX DMR (Digital Re-Mastering), which allowed for these requirements and paved the way for the large Hollywood blockbuster movies that would soon result. IMAX Corporation has gone on to expand with various new technologies including The IMAX Experience and the IMAX MPX theatre system and have also revamped IMAX 2D footage into IMAX 3D.[9] The success of IMAX has made it possible for IMAX Corporation to sign deals with countries around the world. In 2009 IMAX Corporation signed a deal with China building the first ever IMAX theatre in Tianjin, China.[10] The theatre was set to open in 2012. In March 2011 IMAX noted that China's Wanda Cinema Line announced a 75-theatre deal with IMAX Corporation. This was one of the largest international deals to the date of 2011 for IMAX and one of the second largest in Company History.[11] While IMAX Corporation has expanded profoundly throughout the decades, it still sees itself as a leader in:

  • Entertainment -Hollywood insiders that partner with movie makers
  • Technology – innovative patented technology
  • Distribution – global with 689 theaters in 52 countries as of 30/09/2012[12]

The Company motto is "IMAX IS BELIEVING", highlighting the original founder's philosophies of creating a real life like experience for the audience.

In 2011 IMAX, Discovery Communications and Sony announced to launch a 3D television channel; the companies later announced the upcoming channel would be named "3DNet", the channel was later planned to be named 3net. In August 2014 3net closed down due to low ratings.

On October 8, 2015, IMAX China, a subsidiary of the company, was listed on the Hong Kong Stock Exchange.[13]

Co-productions[edit]

In November 2016, Marvel Television and IMAX announced the live action television series, Marvel's The Inhumans, based on the superhero species of the same name. The series, co-produced with ABC Studios, will see IMAX serve as a financing partner, a first for IMAX, which allows Marvel to spend more on the series than it has on its other shows, especially for visual effects. The entire series will also be filmed with IMAX digital cameras. The Inhumans will have versions of its first two episodes debut on IMAX screens in theaters world-wide in September 2017, with the series airing weekly on ABC afterwards. The series is said to have a much larger budget than other TV series, and will have considerably more advanced special effects.[14][15][16]

See also[edit]

References[edit]

  1. ^ a b c d e http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9106614-852-703627&type=sect&dcn=0001193125-13-069594
  2. ^ "Imax Corporation - Company History". Fundinguniverse.com. Retrieved 2012-02-24. 
  3. ^ "History of IMAX". Funding Universe. 2011-09-03. Retrieved 2013-04-02. 
  4. ^ IMAX Corporation (July 20, 2016). "IMAX Corporation Reports Second-Quarter 2016 Financial Results" (Press release). PRNewswire. Retrieved August 9, 2016. 
  5. ^ Aitken, Ian (October 27, 2005). "NFB's Labyrinth". Encyclopedia of the Documentary Film. Routledge. pp. 168–9. ISBN 978-1579584450. 
  6. ^ a b c Anonymous (Spring 1993). "Oscar Nominated Canadian Company on the Leading Edge". Performing Arts & Entertainment in Canada. Retrieved 3 April 2013. 
  7. ^ Tillson, Tamsen (September 15, 2002). "Obituaries: Shaw Thought Big: IMAX". Variety. Retrieved 3 April 2013. 
  8. ^ a b c d Anonymous (September 10, 2002). "His Talents Made IMAX Possible". National Post. Retrieved 3 April 2013. 
  9. ^ a b Anonymous (September 24, 2007). "IMAX Corporation". The Globe and Mail. Retrieved 3 April 2013. 
  10. ^ Anonymous (May 5, 2009). "IMAX Corporation; IMAX Signs Theatre Deal in China". China Weekly News. Retrieved 3 April 2013. 
  11. ^ "IMAX". IMAX Corporation. Retrieved 3 April 2013. 
  12. ^ "IMAX". IMAX Corporation. Retrieved 3 April 2013. 
  13. ^ Brzeski, Patrick (February 24, 2016). "Imax China to Install 100 New Screens in 2016, Bullish on Growth". The Hollywood Reporter. Retrieved February 25, 2016. 
  14. ^ "'Marvel's The Inhumans' Coming To IMAX & ABC In 2017". Marvel.com. November 14, 2016. Archived from the original on November 14, 2016. Retrieved November 14, 2016. 
  15. ^ Goldberg, Lesley (November 14, 2016). "Marvel, ABC Set 'The Inhumans' TV Series". The Hollywood Reporter. Archived from the original on November 14, 2016. Retrieved November 14, 2016. 
  16. ^ Barnes, Brooks (November 14, 2016). "Marvel's 'Inhumans' TV Series Will Arrive via Imax Theaters". The New York Times. Archived from the original on November 15, 2016. Retrieved November 15, 2016. 

External links[edit]