IMAX reported strong fourth-quarter results today (Thursday), noting that revenue from its digital remastering business -- converting 35mm films into high-resolution digital formats, especially enhanced for the giant IMAX screens -- increased 56.3 percent in the fourth quarter versus the same period a year earlier. Gross box office from digitally remastered films climbed to a record of $152 million versus $97.6 million in the 2011 period. At the end of 2012 there were 598 IMAX theaters operating in multiplexes worldwide and an additional 19 in stand-alone commercial locations. There were also 114 IMAX theaters located in museums and other institutions. In a statement accompanying today's SEC filing, IMAX chief Richard Gelfond said, Our 2013 objectives are straight forward -- continue to expand our footprint worldwide, maximize the scalability of our business and further leverage our differentiated end-to-end technology platform to enable more leading filmmakers and studios to create an entertainment experience that cannot be found anywhere else.
Linkin Park have returned to America's Billboard Chart following the tragic suicide of their frontman Chester Bennington last week.
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