Canadian company Imax Corp. needs to send James Cameron a thank you note. Avatar gave them more than $150 million in ticket sales and contributed to a 150% boost in their stock price.
According to the Los Angeles Times:
Thanks to a financial restructuring, a shift in business strategy and an aggressive move into 3-D, Imax is expected to post its first annual profit in four years after recording a $33-million loss in 2008.
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See Also:
- Avatar The Video Game Is A Flop
- Avatar Expected To Top Box Office For Fifth Straight Week
- It's Official: Titanic Sinks Under Avatar's Box Office Totals
Full story at http://feedproxy.google.com/~r/businessinsider/~3/do_LTLk5eEU/avatar-lifts-imax-into-profitability-2010-2
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