Explore previously unreported data on 35+ companies racing to build new products with generative AI.Read more

An Imax theater in Bengaluru, India. Photo: VR Bengaluru

Imax’s Best Feature: Global Expansion

By  |  July 11, 2018 10:01 AM PDT
Photo: An Imax theater in Bengaluru, India. Photo: VR Bengaluru

Movie theater stocks like AMC and Cinemark slumped last spring and haven’t recovered, thanks to a historically bad summer movie season, the rise of streaming services and even dying shopping malls, which have reduced foot traffic. Among those hit by the sell-off was Imax, the company responsible for giant screen movies.

But Imax isn’t a theater chain—it is a theater technology firm that makes money by leasing its equipment and taking a share of box office revenue from movies mastered on its system. And unlike other theater chains, it is a global business, with two-thirds of its revenue coming from outside the U.S. Yet investors are lumping in Imax with theater chains that are predominantly U.S. businesses. That might be a mistake.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller.
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Tim Cook. Photo by Bloomberg
Exclusive apple ar/vr
Apple’s Learning Curve: How Headset’s Design Caused Production Challenges
If Apple unveils its long-awaited mixed-reality headset next week as expected, it will represent the company’s riskiest gamble on a new product since the iPhone.
Art by Clark Miller.
Social Studies culture
The Day TikTok Went Dark in India
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices.