Strong Box Office Powers Imax Q3 Earnings

TORONTO - The strong box office performance of movies such as Transformers: Dark of the Moon and Harry Potter and the Deathly Hallows Part 2 drove up third quarter earnings at Imax Corp., as its revenue reached record territory.our editor recommends Imax Hires Marc de Grandpre to Oversee 3D Home Viewing Marketing'Avatar 3D' in Imax passes $200 mil mark'Avatar' marks Imax milestone Toronto-based Imax posted a 25 percent rise in earnings to $8.3 million for the three months to September 31, against a profit of $6.7 million in 2010. Revenue was up 32 percent to $67.4 million, against a year-earlier $$51 million. "The combination of strong film performance, a growing theatre network and prudent expense management resulted in strong third quarter results," Imax CEO Richard Gelfond said in a statement Thursday from China, where the giant screen exhibitor released its results. Related Topics International