1 / 0

IMAX Fast Facts

IMAX Fast Facts. Headquarters What they do Where – how many theatres/countries When founded IMAX.COM – investor relations. Company Overview. Designs, leases, markets, maintains and operates Imax film and digital theatre systems Develops, produces and distributes IMAX movies

thalia
Download Presentation

IMAX Fast Facts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. IMAX Fast Facts Headquarters What they do Where – how many theatres/countries When founded IMAX.COM – investor relations
  2. Company Overview Designs, leases, markets, maintains and operates Imax film and digital theatre systems Develops, produces and distributes IMAX movies Headquarters - Mississauga, Ontario A leader in the creation and production of high-end rides, such as IMAX Simulator Rides Most revenue is generated from the sale or long-term lease of IMAX theatre systems, maintenance and warranty services, installation of theatre systems, and film distribution
  3. Traditional Film Technologies Prior to IMAX the Industry standard for movie projection - CinemaScope and VistaVision widened the image projected from 35 mm film multiple large and awkward projectors were used to show a single movie
  4. 1960’s - 1970’s Expo ’67 - Montreal two of IMAX’s founders presented films and experienced technical difficulties with the Cinerama multi-projector system they were using decided to develop a new system for movie projection - IMAX Expo ‘70 - Osaka first IMAX film was presented - Tiger Child 1971 - the first permanent Imax projection system was installed at Ontario Place's Cinesphere
  5. 1980’s Competition grows Showscan Film Corporation Iwerks Entertainment Inc.
  6. 1990’s Expo ‘90 IMAX Solido - 3D technology 1990 1st permanent IMAX theatre in Vancouver 1994 IMAX bought by WGIM Corp for ~$100 million Goes public - $13.50/share
  7. 2000’s Slowing North American entertainment market Shares drop by 70% 12 IMAX customers went bankrupt leaving IMAX with ~$100 million in debt Launch a new plan Digital projection Joint ventures
  8. To add Different types of theatres when? Chart... # of theatres (100 screens in first 25 yrs) Profits (losing money) and stock price - volitility
  9. Imax Today 2010 Current success & rapid expansion What happened!!!?

  10. Old Business Model

    70mm film, weighing between 200-400 pounds $20,000 for 2-D print, $40,000 for 3-D, borne by the studio, which meant they needed sell more tickets to recoup this cost Also the cost of the film lead them to make deals to make shorter films, say 40 minutes, which also lead them to focus on the educational film market Films ran at a rate of 48 frames per second, twice that of the standard speed which also meant that the film lasted only half as long All of these costs add upto anywhere from 3 to 5 times the normal production cost for a 35mm film. Sold equipment to 3rd parties under licensing agreement Royalties to IMAX 3rd party initial cost about $1.3 million
  11. Some Comparisons IMAX movie Regular movie 35mm film 24 frames per second 70mm film 48 frames per second
  12. IMAX Capacity to record and display movies with greater size and resolution by using 70 mm film frame
  13. Facts… ? A 40 minute IMAX® film is 13,464 feet long and weighs over 125lbs. IMAX® film moves through the projector at 336.6 feet per minute or 5.61 feet per second.
  14. Old Business Model Sold equipment on long-term licensing agreements Royalties to IMAX High costs of prints borne by the studios Add numbers
  15. Issues High set up costs for theatres High cost of films High transportation cost of films Average cost was 3 to 5 times that of regular film No one wants to produce films for imax – they have to produce their own content = very expensive – cad bus article quote
  16. International under old model License model List where
  17. Transitioning 1994 - New CEO’s Rich Gelfond & Brad Wechsler Try to move IMAX into commercial movies Initial success, but even greater failure IMAX up for sale in 2000 & 2006 No buyers!
  18. Turning Point Move to a new business model Joint Ventures Conversion to Digital Premium Theatre Experience Market Opportunities Hollywood support Rise of 3-D
  19. Joint Ventures IMAX puts up the cost of the IMAX system $500,000 JV partner puts up the cost of building/retrofitting the theatre $150,000 to convert Box office profits split between the two IMAX usually receives a 10%-15% share
  20. Going Digital IMAX film cost an average of $30,000/print IMAX digital costs an average of $400/print Cost savings = more flexibility Able to double the amount of films showing
  21. Premium Theatre Experience IMAX scaled itself down to Hollywood’s size Converting Hollywood blockbusters to IMAX’s more vivid & immersive format Screening films in reconfigured multiplexes Premium vs truly unique viewing experience
  22. What does “premium” look like? 15% bigger screen Seats shifted forward 16 ft Front seats removed better sound better image quality
  23. Hollywood Support IMAX needed content Hollywood needed to increase “WOW” factor to compete with stunning home theatre systems Game changers - Hollywood takes notice The Polar Express (2004) Matrix movies (1999, 2003) 300 (2006) The Dark Night (2008) $65 million in IMAX ticket sales 10% of total from 1% of theatres Partially shot on IMAX cameras
  24. Rise of 3-D IMAX has always been a 3-D leader Already has the 3-D technology installed
More Related