Date: 13th October 2000

Giant Imax Comes Crashing Down


Toronto-based Imax said Thursday that it will post a loss for the third quarter, indicating that the financial turmoil affecting theater chains has slowed down the introduction of Imax theaters in planned and existing multiplexes.

Shares in the company plummeted to $6.55 from $15.25, a drop of 70 percent.

Source: Studio Briefing