AP: Imax rises as consumers embrace large screens

December 16, 2008 – 11:44 am

Associated Press reports:

Shares of Imax Corp. rose Tuesday as consumers seem to be increasingly embracing the Canadian company’s large-screen format, an analyst said.

Imax’s average per screen sales are three and a half times the national average, according to Morgan Joseph & Co.’s Jeffrey Blaeser. The weekend’s No. 1 film at the box office, “The Day The Earth Stood Still,” even has Imax to thank for a portion of its receipts.

. . .

Imax’s stock added 16 cents, or 5.8 percent, to $2.86 in afternoon trading. Over the past year, the shares have traded between $2.41 and $8.28.

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