Imax profit falls to $6.3 mil

Imax internet profit stepped last quarter to $6.3 million from $54 million, totally on a significant tax benefit the prior year. Revenue reduced to $67 million from $69 million.Backing the tax item yet others, net gain fell to $9 million from $14 million. Which was consistent with Wall Street anticipation because of the quarter's soft box office.Company stated 2011 would be a year of record signings and installations with 497 Imax theaters set up in commercial multiplexes, up 33%, driven by China, Russia and The United States. This Year, Boss Wealthy Gelfond stated the organization will concentrate on South Usa, including four new theaters in South america, The European Union and India, in which a recent deal brings Bollywood game titles to Imax.The 2009 week, Imax named London-based Andrew Cripps, prexy of Vital Pictures Worldwide, to supervise the rollout in Europe, the center East and Africa.4th quarter's film highlight was the December early discharge of Paramount's ''Mission: Impossible -- Ghost Protocol,'' with moments shot using Imax cameras. 5-day window when Imax had the pic to itself assisted ''helped result in its status because the must-see film from the holidays,'' stated Gelfond.Individually Thursday, Albert R. Broccoli's EON Productions, MGM and The new sony Pictures Entertainment introduced the next Mission Impossible pic ''Skyfall'' is going to be launched in Imax theaters concurrently using its worldwide release March. 26, and it is domestic release on November. 9. It will likely be the very first Imax installment from the franchise.Imax stated it signed contracts for 209 theater systems this past year, including 26 within the 4th quarter, and installed 170 systems -- 57 for that quarter. At year finish, there have been 263 theater systems in backlog. The organization needs to set up 95 to 100 new theater systems this year, 45-50 under revenue discussing pacts contributing to 50 under sales plans.''Overall, 2011 was highly productive from the proper perspective,'' Gelfond stated, and that is transported into 2012 ''as the current WTO agreement with China, highlighting IMAX, should enhance programming versatility within our greatest worldwide market.''''We believe we're positioning ourselves for financial and proper success, through our ongoing concentrate on differentiation, performing on network growth, and developing a compelling film slate,'' he stated.The 2012 selection is moored by key franchise game titles including ''The Dark Dark night Increases,'' that will feature more footage shot in IMAX than any feature film up to now ''The Avengers,'' ''Men in Black 3,'' ''The Amazing Spider-Guy,'' ''The Hobbit: An Unpredicted Journey'' and ''Skyfall.'' Gelfond stated Imax also intends to expand local film releases. It has been been active in China and can transfer to Russia and France. Contact the range newsroom at news@variety.com