MAM

FY-2014: Imax reports 0.9% higher revenue; net income down 19.1%

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/mam-images/2015/02/20/mam%20mam%20financial.jpg?itok=8PpQjTbZ

BENGALURU: Entertainment, technology and distribution company Imax Corp (Imax) reported flat (up 0.9 per cent) revenue for the year ended 31 December, 2014 (FY-2014, current year) at $290.54 million as compared to the $287.94 million in FY-2013. The company’s adjusted net income after non-controlling interest in the current year fell 19.1 per cent to $24.23 million from $30.80 million last year.

For the quarter ended 31 December, 2014 (Q4-2014, current quarter), Imax reported a drop of 2.5 per cent in revenue to $102.46 million as compared to the $105.05 million reported for the corresponding year ago quarter. Adjusted net income fell 5.8 per cent to $52.49 million in the current quarter as compared to the $55.70 million in Q4-2013.

“We achieved a great deal over the course of 2014, including the completion of our world-class laser projection system, the sale of a 20 per cent stake in our China business, the signing of long term film deals with most major studios and continued network growth,” said Imax CEO Richard L. Gelfond. “We believe these accomplishments position us well, not only to take advantage of the 2015 film slate, which is already off to a great start, but also to help drive long-term growth.”

The company’s equipment and products sales stream reported almost flat revenue (up 0.1 per cent at $78.1 million in the current as compared to the $78.66 million in FY-2013. The stream reported an 8.1 per cent growth in revenue in Q4-2014 at $41.08 million as compared to the $38.01million in the previous year’s corresponding quarter.

 Imax’s service stream reported 2.3 per cent growth in revenue to $ 42.61 million in FY-2014 as compared to the $139.46 million in FY-2013. This stream reported a 3.9 per cent drop in revenue to $40.79 million in Q4-2014 as compared to the $42,46 million in Q4-2013.

The company’s rental stream reported a one per cent drop in revenue to $60.71 million in the current year as compared to the $61.29 million in the previous year. For Q4-2014, revenue for this stream fell a massive 18.1 per cent to $18.43 million from $22.51 million in the year ago quarter.

Imax finance income rose 4.7 per cent in to $8.52 million in FY-2014 as compared to the $8.14 million in FY-2013. For the current quarter finance income was 4.3 per cent up at $2.15 million as compared to the $2.06 million in Q4-2013.

Alternatively, breakup of revenue in segments as opposed to streams above:

Fourth-Quarter Segment Results

Revenue from sales and sales-type leases was $33.2 million in Q4-2014, compared to $32.6 million in the Q4-2013, primarily reflecting the installation of 26 full, new theatre systems under sales and sales-type lease arrangements in the most recent fourth quarter, compared to 24 installations in Q4-2013. In addition there were two digital system upgrades in existing locations in Q4-2014, compared to four upgrades in Q4- 2013.

Revenue from joint revenue-sharing arrangements was $23 million in the quarter, compared to $24.5 million in the prior-year period. During the current quarter, the company installed 29 new theatres under joint revenue-sharing arrangements, compared to 30 in the year ago period. The company had 451 theatres operating under joint revenue-sharing arrangements as of 31 December, 2014, as compared to 382 theatres one year prior.

Production and Imax DMR (Digital Re-Mastering) revenues were $25.6 million in Q4- 2014, compared to $28.6 million in Q4- 2013. Gross box office from DMR titles was $226.9 million in Q4- 2014, compared to $244.5 million in the prior-year period. The average global DMR box office per screen in Q4- 2014 was $292,200 compared to $366,300 in the prior-year period.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/26/Jon_Flaxman-Sandeep_Dadlani.jpg?itok=YP3vGqgk
Infosys & HP tie up for digital transformation

MUMBAI: Infosys and HP have launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program.

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/26/Coolpad.jpg?itok=HRLBMQWZ
Robbie Grewal directs 'youthful' Coolpad TVC

MUMBAI: Coolpad, a global leader in smartphone manufacturing and integrated wireless data solutions, has recently launched a TVC for Coolpad Cool 1.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/26/sachin%20billion%20dreams_0.jpg?itok=21Cdkhxs
ITW Playworx co has Sachin's Billion Dreams mandate, releasing today

MUMBAI: Matchbox Media, a media arm of ITW Playworx bagged the overseas media duties of Sachin: A Billion Dreams, the top starrer and much awaited Indian biographical film. The movie directed by James Erskine and produced by Ravi Bhagchandka Carnival Motion Pictures, starring Sachin Tendulkar,...

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/mxus.jpg?itok=LmENWAyo
'17 IPL buzz doubled, Virat sliped six spots & Voda had most engaging content

Maxus, the global media agency of GroupM, has analysed the social conversations that happened around IPL Season 10. This study has been done by Maxus Mesh – the marketing command center and dialogue engine that reads environmental signals in real-time.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Sandeep%20Dadlani%20and%20Mike%20Clayville.jpg?itok=SfrGBep_
IGS-powered Infosys Data Lake on Amazon Web launched

MUMBAI: Infosys, a global leader in consulting, technology, outsourcing and next-generation services, announced the launch of the Infosys Boundaryless Data Lake offering powered by its Information Grid Solution on Amazon Web Services (AWS).The solution allows enterprises to do more with their data...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Joy%20Mohanty.jpg?itok=HCeHJDo_
Volini gets a #PatOnTheBack from Lintas

MUMBAI: We as children have been our parents’ top priority, sometimes even at the cost of their well-being and happiness. While the pain they took mostly remains hidden from us, can we ever give back enough? We know, we can’t; but isn’t there joy in the attempt.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/25/Susan%20Josi%20and%20Sangeeta%20Barde.jpg?itok=Cy_yR2Vn
Havas Health & You to broaden APAC offering with Sorento buy

MUMBAI: Havas Group is expanding its capabilities and footprint in the important and burgeoning Indian market by adding Sorento to its roster of agencies. Sorento will integrate the Havas Health & You business unit and be rebranded Havas Life Sorento. This strategic acquisition will allow Havas...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/24/asci.jpg?itok=7aeMmdUa
ASCI bags gold award for mobile app 'ASCIonline'

The Advertising Standards Council of India (ASCI) has bagged the gold award for their Mobile App “ASCIonline” to receive consumer complaints against false advertisement at the Global EASA Best Practice Awards 2016.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/24/icc.jpg?itok=ob5d-Vso
Maxus wins media mandate for ICC Champions & ICC Women’s World Cup

Marketing communications consultancy Maxus has won the media mandate in India for ICC Champions Trophy and ICC Women’s World Cup 2017 to help marketers build profitable relationships between consumers and their brands.

MAM Media and Advertising Account

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories