Richard Gelfond Latest Celebrity News & Gossip

Imax swung to a profit and saw revenue revenue jump in the Septembers quarter, buoyed by Oppenheimer and other content from Hollywood to local language films, concert films, docs and live events.

box office. But in the last year, many of the movie business’ Tiffany franchises had all the appeal of an Old Navy clearance bin, with the likes of Indiana Jones and Ethan Hunt swinging back into action for more high-flying adventures only to be greeted with grosses that were decidedly Earthbound. And cinema’s mightiest heroes, from Ant-Man to Aquaman, were told to hang up their tights and tridents as comic book movies suffered a historic collapse at the box office.

Brent Lang Executive Editor Christopher Nolan deserves a really nice fruit basket. The director’s latest blockbuster, “Oppenheimer,” was shot with Imax cameras, something that Nolan talked up during the film’s press tour last summer. That advocacy contributed to $180 million in global ticket sales for Imax venues, lifting the big screen company’s latest earnings results.

As Barbie becomes the highest grossing film of 2023 today at the domestic box office with north of $574.2M, Warner Bros and Imax have announced that the Greta Gerwig-directed movie is getting a one week release on Sept. 22 in Imax both in North American and selection locations around the world.

Oppenheimer is extending its run in IMAX theaters!

Ethan Shanfeld Due to popular demand, “Oppenheimer” has extended its 70mm run at Imax theaters nationwide through the end of August. The previous end date, which was already an extension of the film’s original run in Imax 70mm format, was Aug. 17.

Imax blew past Wall Street forecasts with sales up 32% at $98 million for the second quarter ended in June. Adjusted EPS was 26 cents a share – up 271%.

quarterly earnings report.Imax reported quarterly revenue of $86.9 million and earnings of $5.1 million or 4 cents per share on a diluted basis and 16 cents per share on an adjusted basis. That beat Wall Street projections of $77.5 million in revenue and adjusted EPS of 15 cents per share, according to analysts surveyed by Zacks Investment Research.

through 2025. He was given $1.25 million in non-equity incentive plan compensation as opposed to $1.9 million in 2021. The April 14 SEC filing noted that Megan Colligan, who will soon step down as president of Imax Entertainment, earned $3.47 million in 2022 versus $4 million in 2022.

Brent Lang Executive Editor Sometimes it takes more than a pair of global blockbusters to shake off the lingering impact of a devastating public health crisis. Quarterly sales and profits fell at Imax despite the commercial success of “Avatar: The Way of Water” and “Black Panther: Wakanda Forever.” The big screen company recorded revenues of $98 million, a 10% drop from the $108.6 million that Imax recorded in the year-ago period. The company also recorded profits of $2.6 million, compared to the $10.1 million that Imax logged in the year-ago period. That came out to earnings of 19 cents a share, which failed to match the profits of the 31 cents that Imax recorded in the same period in 2021.

IMAX CEO is opening up about how important the theatrical window is and how she thinks some streaming services are realizing it now.

Big screen exhibitor Imax has extended the employment agreement of chief executive Richard Gelfond through Dec. 31, 2025.

Rebecca Rubin Film and Media Reporter Imax Entertainment CEO Richard Gelfond has extended his contract through 2025. Gelfond, who has served as CEO since 2009 and has been with the company since 1994, will keep his current compensation, equity and severance terms, according to Monday’s filing with the Securities and Exchange Commission. Since 2019, Gelfond has received a base salary of $1.2 million and in 2021 earned a total compensation of $9.1 million, including stock awards. During the pandemic, when cinemas were shuttered for an extended period of time, he didn’t take a bonus. Though the movie theater industry is still rebounding from COVID-19, the company that’s known for its immersive, advanced technology emerged in a uniquely enviable position. That’s because Imax and other premium moviegoing experiences have been in high demand among blockbuster-hungry moviegoers. Also, the company has a cleaner balance sheet and isn’t as heavily leveraged as others in the exhibition space.

Brent Lang Executive Editor of Film and MediaImax has continued to dig out from a global pandemic that devastated the theatrical movie business, posting its best quarterly results since COVID-19 became a facet of daily life. At the same time, the big screen company made it clear that it is setting its horizons behind the latest new releases, talking up the opportunities it sees in launching special events with filmmakers and musical artists.Revenue at the company topped out at $108.6 million, a 94% year-over-year improvement, while the company reported earnings of 17 cents a share compared with a year-ago loss of 36 cents.

Giant-screen exhibitor Imax posted higher first-quarter revenues as it was lifted by a recovery in the Asian box office. The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic.

Imax CEO Richard Gelfond's compensation for the latest fiscal year came to $6.9 million, just down from $7.1 million in fiscal 2019, according to a regulatory filing unveiled on Friday. Gelfond received a base salary of $1.2 million last year, the same as his $1.2 million salary in 2019 and 2018.

No North American movie company is more closely linked to the Chinese film industry’s fortunes than Imax Corp. The Ontario-based giant-screen exhibitor has more than 700 Imax theaters in China — nearly half its global total of 1,500 — and the company has said it plans to add as many as 400 new theaters there over the next three years.

Imax has furloughed around 150 employees for two months, starting on Oct. 26, as fewer Hollywood tentpoles are anticipated at the local multiplex ahead of Christmas.

Imax CEO Richard Gelfond touted the recent theatrical release of Christopher Nolan's Tenetwhile pouring water on the premium VOD window for Hollywood blockbuster releases during an investor conference appearance on Wednesday.

Imax CEO Richard Gelfond cooled speculation about major box office for Hollywood tentpoles when they help reopen the movie theater chains in July when he appeared at an investors conference on Tuesday. "I'm concerned that people are focused on the opening weekend.

Imax CEO Richard Gelfond's compensation for the latest fiscal year came to $7.1 million, up from $6.28 million in fiscal 2018, according to a regulatory filing Wednesday. Gelfond received a base salary of $1.2 million last year — the same as in 2018 — and saw his bonus fall to $1.1 million, against a bonus of $1.7 million in fiscal 2018.

By Jill Goldsmith

By Andreas Wiseman

As China makes progress battling its coronavirus outbreak, Imax CEO Richard Gelfond sees increasing signs that the country's exhibition sector — shuttered since Jan. 23 — could begin to turn its lights back on.