Film-Tech Forum ARCHIVE: IMAX in trouble?

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Topic: IMAX in trouble?

Jonathan M. Crist
Jedi Master Film Handler

Posts: 531
From: Hershey, PA, USA
Registered: Apr 2000

posted 12-05-2000 03:58 PM

The Wall Street Journal reports today (December 5, 2000) that Moody's has downgraded IMAX debt to junk bond status because of the company's inability to collect its lease payments from comercial theatre operators. Moody's indicated that the company's rapidly eroding liquidity position and general lack of financing options contributed to the downgrade.

The article also reports that IMAX placed Regal in default of its lease obligations on November 10.

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Gordon McLeod
Film God

Posts: 9532
From: Toronto Ontario Canada
Registered: Jun 99

posted 12-05-2000 05:56 PM

In the longterm IMAX will return to profitablity because of their large base of institutional theatres

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