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Top related persons:
Oppenheimer - 2 David Joyce - 1 Joyce - 1 Rich Gelfond - 1 Stella Qiu - 1 Upasana Singh - 1 Varun - 1 Wells Fargo - 1
Top related locs:
China Hong Kong Imax's Xinxiang Henan province Bengaluru Monday's BEIJING
Top related orgs:
HK - 2 Thomson - 2 Hollywood - 1 Seaport Research Partners - 1 REUTERS - 1 Universal - 1 Warner Bros - 1 Comcast - 1

Search resuls for: "Imax's"


8 mentions found


☆ This small-cap stock could see big gains as film industry continues poststrike normalization, analyst says
  + stars: | 2024-07-24 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Imax is due for a rally as Hollywood continues getting back on track after last year's strikes, according to Seaport Research Partners. Analyst David Joyce initiated coverage of the stock, known for its large movie screens, at a buy rating. Joyce's $23 price target implies the stock can rally 30% from Tuesday's closing level. Joyce called Imax a small-cap way to play the normalization of the film industry after joint strikes from writers and actors last year stalled production and delayed some releases. The analyst also believes the stock is not trading like an "experience economy" play despite fitting the mold.
Persons: David Joyce, Joyce Organizations: Hollywood, Seaport Research Partners Locations: Imax's
☆ IMAX CEO: 'Oppenheimer' certainly helped the quarter
  + stars: | 2023-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMAX CEO: 'Oppenheimer' certainly helped the quarterRich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss how much of IMAX's revenue beat was due to Oppenheimer, the slate of movies scheduled to release, and much more.
Persons: Oppenheimer, Rich Gelfond
☆ IMAX's buyout proposal of China unit falls through
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +1 min
People wait for movie screening at an IMAX theatre inside the Wanda Plaza in Xinxiang, Henan province, China March 23, 2018. REUTERS/Stella Qiu/File Photo Acquire Licensing RightsOct 10 (Reuters) - IMAX China (1970.HK) said on Tuesday that its shareholders have rejected a proposal of its U.S.-based parent (IMAX.N) to buy the remaining stake in the Hong Kong-listed company for about $124 million. IMAX, which currently owns 71.6% of its Chinese subsidiary, had offered to buy IMAX China at HK$10 ($1.28) per share in July, a 49% premium to the 30-day average closing price at the time. The remaining 28.4% stake of IMAX China was valued at about$98.7 million, as of the company's last closing price. IMAX had sought to take full control of its China unit to improve the company's operational flexibility and apply its technology in the Chinese market.
Persons: Stella Qiu, Upasana Singh, Varun Organizations: REUTERS, HK, Thomson Locations: Xinxiang, Henan province, China, Hong Kong, Bengaluru
☆ After the big 'Barbenheimer' weekend, Wells Fargo thinks this Hollywood stock can rally nearly 50%
  + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Despite a softer-than-expected second quarter, IMAX screens should still reach the full-year expectation of $1.1 billion in the global box office, Mejias said. That's driven in part by the strength of "Oppenheimer," which drove consumers to IMAX screens over the weekend. The pairing, which included Warner Bros. "Barbie," helped drive the fourth highest grossing box office weekend ever, according to Comscore. With the Chinese box office activity returning, the company could reach pre-pandemic business levels by 2024, Mejias said. "We believe the continued over-indexing of IMAX screens in the post-pandemic moviegoing environment provides evidence of a structural improvement of consumer demand toward the format."
Persons: Oppenheimer, Wells Fargo, Omar Mejias, Mejias, That's, Barbie, Napoleon, Richard Gelfond, Taylor, Riley, Eric World, Wold, — CNBC's Michael Bloom, Thomas Rotunno, Sarah Whitten Organizations: Universal, Warner Bros, Comcast, CNBC Locations: Monday's
☆ Tom Cruise reportedly upset over IMAX's handling of new Mission Impossible movie
  + stars: | 2023-06-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTom Cruise reportedly upset over IMAX's handling of new Mission Impossible movieMatt Belloni, Puck founding partner, joins 'Last Call' to discuss a report that Tom Cruise is upset the newest Mission Impossible movie will be bumped out of IMAX theaters for Universal's Oppenheimer.
Persons: Tom Cruise, Matt Belloni, Puck, Universal's Oppenheimer Organizations: Universal's
☆ China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others - sources
  + stars: | 2023-06-01 | by ( Roxanne Liu Josh Ye | Roxanne Liu | Josh Ye | ) www.reuters.com   time to read: +3 min
MiniMax was founded in 2021 by some former employees of SenseTime (0020.HK), including Yan Junjie - a former vice president at the Chinese AI firm, two other people said. Wang Huiwen, co-founder of on-demand service giant Meituan (3690.HK), said he has founded a new AI company called Beijing Lightyear Technology with $50 million from investors. Google China's former chief, Kai-Fu Lee, has unveiled his new startup - Project AI 2.0. Wang Xiaochuan, founder of China's No.2 search engine Sogou, said in April that he had founded Baichuan Intelligence with a startup capital of $50 million. Its other early investors include China's Yunqi Partners and Future Capital, statements from the venture capital funds show.
Persons: MiniMax, Yan Junjie, Wang Huiwen, Kai, Fu Lee, Wang Xiaochuan, China's, MiHoYo, Charlie Chai, ERNIE Bot, Chai, Roxanne Liu, Josh Ye, Himani Sarkar Organizations: Microsoft, HK, Huawei, Baidu, Beijing Lightyear Technology, Google, Baichuan Intelligence, China's Yunqi Partners, Future, 86Research, Thomson Locations: BEIJING, HONG KONG, China, Beijing, miHoYo, Hong Kong
☆ Microsoft recognized its first labor union in the US after staff at $7.5 billion video game firm ZeniMax Studios voted to unionize
  + stars: | 2023-01-04 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
Microsoft recognized its first US labor union, the Communications Workers of America said, Tuesday. Around 300 workers at Microsoft subsidiary ZeniMax Studios voted to unionize in December. Microsoft agreed to voluntarily recognize the union if workers voted to unionize in December, per Reuters. Union workers can petition to the National Labor Relations Board to force their employer to recognize their union, but the process is long and arduous. Microsoft and ZeniMax Studios did not immediately respond to Insider's request for comment.
☆ Microsoft responds to FTC case seeking to block Activision Blizzard deal
  + stars: | 2022-12-22 | by ( Jordan Novet | ) www.cnbc.com   time to read: +5 min
Microsoft on Thursday filed its response to U.S. regulators' antitrust case attempting to block the software maker from buying video-game publisher Activision Blizzard . But then Microsoft revealed its plan to buy Activision Blizzard. To relieve government opposition to the deal, Microsoft has offered concessions. "Sony refuses to deal," Microsoft said in its filing. In the months since then, two groups of Activision Blizzard employees have voted to form unions.
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