IMAX Corporation (IMAX - Free Report) has signed a contract with PVR Cinemas, a film entertainment company in India for five new IMAX Theatres. The theatres will be located at both new and existing PVR multiplexes across major metropolitan cities.
PVR is IMAX’s largest partner in India, consisting of seven IMAX theatres in the country. With the latest addition of theatres, IMAX now totals 31 in India of which, 14 are in operation and 17 yet to open.
IMAX has doubled its India network in the last couple of years. The company views this place as a long-term growth opportunity and is the fourth-largest box office market.
The company has been making continued efforts to expand its presence across the globe. Last December, the company inked a multi-picture deal with Twentieth Century Fox Film, a division of Twenty-First Century Fox, Inc. (FOX - Free Report) . By dint of this agreement, partnership is extended between the companies through 2019. It covers flicks like Kingsman: The Golden Circle, released in September 2017, The Darkest Minds as well as Marvel movies namely The New Mutants, X-Men: Dark Phoenix and Gambit. All films will be digitally re-mastered into the immersive IMAX format and released at IMAX halls.
In June 2017, the company entered into an agreement with AMC Entertainment Holdings, Inc. (AMC - Free Report) owned AMC Theatres for the launch of an IMAX VR Centre at AMC Kips Bay 15 in New York City.
IMAX also collaborated with The Walt Disney Company (DIS - Free Report) , a few years back, pertaining to the release of Star Wars: The Force Awakens from the popular Star Wars franchise on all its screens across North America for four weeks from the date of its release.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
IMAX Corporation (IMAX - Free Report) has signed a contract with PVR Cinemas, a film entertainment company in India for five new IMAX Theatres. The theatres will be located at both new and existing PVR multiplexes across major metropolitan cities.
PVR is IMAX’s largest partner in India, consisting of seven IMAX theatres in the country. With the latest addition of theatres, IMAX now totals 31 in India of which, 14 are in operation and 17 yet to open.
IMAX has doubled its India network in the last couple of years. The company views this place as a long-term growth opportunity and is the fourth-largest box office market.
The company has been making continued efforts to expand its presence across the globe. Last December, the company inked a multi-picture deal with Twentieth Century Fox Film, a division of Twenty-First Century Fox, Inc. (FOX - Free Report) . By dint of this agreement, partnership is extended between the companies through 2019. It covers flicks like Kingsman: The Golden Circle, released in September 2017, The Darkest Minds as well as Marvel movies namely The New Mutants, X-Men: Dark Phoenix and Gambit. All films will be digitally re-mastered into the immersive IMAX format and released at IMAX halls.
In June 2017, the company entered into an agreement with AMC Entertainment Holdings, Inc. (AMC - Free Report) owned AMC Theatres for the launch of an IMAX VR Centre at AMC Kips Bay 15 in New York City.
IMAX also collaborated with The Walt Disney Company (DIS - Free Report) , a few years back, pertaining to the release of Star Wars: The Force Awakens from the popular Star Wars franchise on all its screens across North America for four weeks from the date of its release.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on DIS - FREE
Get the latest research report on IMAX - FREE
Get the latest research report on FOX - FREE
Get the latest research report on AMC - FREE