U.S. Markets open in 8 hrs 47 mins

Blog Coverage Regal Entertainment Signs 11-Theater Deal with IMAX

LONDON, UK / ACCESSWIRE / January 9, 2017 / Active Wall St. blog coverage looks at the headline from IMAX Corp. (NYSE: IMAX) and Regal Entertainment Group (NYSE: RGC) ("Regal") announced on January 06, 2017, an expansion of the existing joint venture which includes a revenue sharing agreement. The agreement includes the installation of 11 additional IMAX theatres in the US, bringing the net tally of IMAX theatres under Regal to 100. The agreement on an expansion note offers an additional two years of operation for the existing joint venture theatres and adjusted financial formula for all Regal IMAX joint venture locations. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on IMAX and RGC. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=IMAX

http://www.activewallst.com/registration-3/?symbol=RGC

About the Companies

IMAX Corporation is an entertainment technology firm which excels in motion picture technologies and large-format motion-picture presentations. The firm boasts of a presence of more than 1,000 IMAX theatres across 66 countries. IMAX delivers one of the primary cinematic presentations through its proprietary, IMAX, IMAX® 3D, and IMAX DMR® technology.

Regal Entertainment Group operates one of the most diversified theatre circuits in the US. With more than 7,360 screens across 570 theatres in 42 states, the Company is in possession of a major chunk of the entertainment market. Regal operates the theatre circuits through its subsidiaries and brands which are: Regal Cinemas, United Artists, Edwards, Great Escape Theatres, and Hollywood Theatres brands.

The Extended Agreement

Regal and IMAX have been collaborating for nearly 20 years as of now. Regal views this agreement as an extension of the strategic value IMAX delivers to the Company and the driving force behind the extension of the length of agreements for all the IMAX sites under Regal. IMAX stated that the deal is a continued commitment of Regal and the extension of all leases under the current joint venture would be accretive to the growth of both entities.

IMAX development spree

IMAX has been aiming at enhancing its pan-nation presence recently. Through its subsidiary, IMAX China Holding, Inc., it announced an agreement on December 01, 2016, with Shanghai Film Corporation (SFC) and SFC-Bailian Cinema Management Co., Ltd. (SFC-Bailian) for three new IMAX® theatres in China.

On October 19, 2016, IMAX and Warner Bros. Pictures announced a multi-picture worldwide agreement which included up to 12 new films for the firm's upcoming spree as an extension of the partnership midst the two firms. IMAX has aimed at adapting new technologies and collaborating with leaders across segments of entertainment and technology. IMAX is also set to launch its first pilot IMAX VR centers in Los Angeles and at ODEON & UCI Cinemas Group's Printworks location in Manchester, England.

The Technical Portfolio

IMAX is also strengthening its technical arsenal to perform well in the highly competitive market. On November 10, 2016, IMAX Corp. and IMAX China Holding, Inc. announced that they have collaboratively executed the first phase of a $50 million virtual reality fund midst the IMAX and other strategic investors. This collaboration would assist in the financing and creation of 25 interactive VR content experiences over the next three years.

Stock Performance

Last Friday, the stock showed no alteration from its previous closing price of $32.05. A total volume of 453.41 thousand shares have exchanged hands. IMAX's stock price advanced 2.56% in the last month, 9.61% in the past three months, and 10.44% in the previous six months. Furthermore, on a year to date basis, the stock gained 2.07%. Shares of the company have a PE ratio of 53.06 and a net market capital of $2.15 billion.

Regal Entertainment's share price finished last Friday's trading session at $21.76, slipping 2.64%. A total volume of 1.14 million shares exchanged hands. The stock has advanced 1.83% and 29.03% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 5.63%. The stock is trading at a PE ratio of 19.89 and has a dividend yield of 4.04%. The net market capital for the firm stood at $3.42 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall St.