Imax 3Q revenue jumps 32%

Silver screen maker Imax Corp. Thursday stated a powerful performance at its growing network of theaters brought for an earnings uptick last quarter. Revenue leaped 32 percent to $67.5 million for that three several weeks led to September. Net gain rose to $8.4 million from $6.7 million. Imax Boss Richard Gelfond reported a ''combination of strong film performance, an increasing theater network and prudent expense management'' and stated the quarter ''demonstrates the operating leverage which will propel our growth moving forward.'' Total film revenue rose to $26.six million from $21. million. Production and Imax DMR revenues elevated 50 % to $18.six million, mainly reflecting the development from the Imax theater network in the year earlier. Gelfond stated it had been the greatest-grossing box office quarter because the first quarter of 2010 (which incorporated Avatar) driven by ''Transformers: Dark from the Moon'' and also the last ''Harry Potter'' installment. Gross box office from DMR game titles elevated 53 percent to $149 million. The typical DMR box office per screen within the third quarter was $356,200 ($257,200 domestic, $560,000 worldwide). Coming selection features a five-day preview of ''Mission: Impossible - Ghost Protocol The Imax Experience,'' ''The Amazing Spider-Guy,'' ''The Hobbit: An Unpredicted Journey'' and ''The Dark Dark night Increases,'' that is presently being shot using Imax cameras.'' Sales from joint revenue discussing plans elevated 54 percent to $10. Throughout the quarter, the organization installed 14 new theaters under joint revenue discussing plans, versus 18 around-ago period. By Sept. 30, 2011, there have been 218 Imax theaters operating under joint revenue discussing plans, versus 144 the prior year. Imax stated it needs to possess between 490 and 500 commercial multiplex theaters functioning by year-finish, implying commercial network development in 2011 well over 30 %. Imax stated it features a record backlog of orders for 295 theater systems in the finish from the quarter. Some 80 % from the backlog is worldwide. Company stated worldwide theaters generate two times this area office of domestic theaters. Contact the range newsroom at news@variety.com