Whalesbook
IMAX Corporation anticipates a high-growth period in India over the next two to three years, with significant momentum expected through 2025. The company plans to increase its slate and national footprint amidst rising demand for premium moviegoing experiences. Despite being IMAX’s seventh-largest market, India remains notably underpenetrated, according to a senior official. IMAX's footprint has expanded by nearly 60% since 2020, reaching what is described as a "multiplier effect" stage for growth. Year-to-date box office revenue stands at $21.9 million, with the September quarter contributing over $9 million, marking it as the second-best quarter ever in India. Same-store locations saw a striking 78% year-on-year growth in local currency by October. The company is also deepening collaborations with Indian filmmakers and expects substantial growth from local-language content.