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Imax reaps $546 million in earnings

With “Avatar” nevertheless inside the combination as well as a clutch of other top-notch performers, 2010 ended up getting a boffo yr for large-screen exhib Imax. The institution reported throughout the earth box workplace revenues at $546 million, an amazing offer over doubling its 2009 gross.

Imax invested the previous yr bolstering its throughout the earth display count, most notably, in overseas territories in Asia and Europe. As of Friday, the company’s throughout the earth area count was at 518, up from 430 in the identical place in 2009.

The institution reported that 39% of its throughout the earth B.O. in 2010 was earned overseas vs. roughly 26% in 2009. Imax also was up slightly through the fourth quarter with $102 million, roughly $1 million an amazing offer over the identical period of your time in 2009 when “Avatar” began its record-setting B.O. run.

Imax shares rose to $28.66 (up 7%) on Friday most ideal after rumors — discredited by Imax — that Sony Corp. was contemplating a bid to the company. Monday’s closing price tag was $28.79.

The company’s best 2010 performers experienced been led from the year’s highest-grossing titles “Avatar,” “Toy tale 3″ and “Alice in Wonderland.” Imax screened nine of 2010′s best 10 pics, excluding “Despicable Me,” which bowed just 4 weeks most ideal after “Toy tale 3.” using the last 25 pics Imax has place on its large screen, all but just one opened at No. one inside the domestic box office.

Disney’s “Tron: Legacy” bowed Dec. 17 to enormous Imax shares, earning practically 25% of its opening gross from Imax, the highest-ever opening write going to the large-screen exhib. “Our 2010 box workplace last results reflect our style of showcasing the finest blockbuster titles, regardless of whether they are 2D or 3D, our neighborhood expansion along using the considerable increase in box workplace produced from our present theaters,” Imax CEO Richard Gelfond mentioned within of a statement. “Looking forward to 2011, we have an amazing offer more visibility into our potential movement image slate than we have actually had.”

Imax has lined up twelve releases so much for this year, starting with Sony’s “The eco-friendly Hornet” on Jan. 14, observed by Universal’s “Sanctum” on Feb. 4.