IMAX (NYS: IMAX) is in a good place right now.
The company behind the supersized theatrical experiences issued its mid-quarter box office update yesterday.
The gross box office receipts collected during this quarter on IMAX screenings — through May 13 — was roughly $96.5 million, nearly triple the $32.6 million in sales during the same period last year.
Between the bar-raising success of Disney’s (NYS: DIS) The Avengers and Lions Gate’s (NYS: LGF) The Hunger Games — and their expanded engagements on IMAX after blowout opening weeks — it’s not a shock to see IMAX screenings doing so well.
UPDATE: More on IMAX’s financial standing:
Film Journal International: IMAXimum impact: Studio movies go big with large-format leader
DailyFinance: 4-Star Stocks Poised to Pop: IMAX
Trade Flow Review: IMAX Corporation – Trade Flow Review