[ACCESSWIRE]
Upcoming AWS Coverage on Live Nation Entertainment Post-Earnings Results
LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. blog coverage looks at the headline from IMAX Corp. (NYSE: IMAX) as the Company announced and Warner Bros. Home Entertainment, a subsidiary of Time Warner, Inc. (NYSE: TWX) announced collectively on March 28, 2017, a new virtual reality (VR) co-financing and production agreement to develop and release three interactive and exclusive VR experiences. The highly anticipated titles include Justice League, Aquaman, and the third title, which is yet to be announced. Register with us now for your free membership and blog access at:
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One of IMAX's competitors within the Entertainment - Diversified space, Live Nation Entertainment, Inc. (NYSE: LYV), released its financial results for the three and twelve months ended December 31, 2016, on February 23, 2017. AWS will be initiating a research report on Live Nation Entertainment in the coming days.
Today, AWS is promoting its blog coverage on IMAX and TWX; touching on LYV. Get all of our free blog coverage and more by clicking on the link below:
http://www.activewallst.com/register/
Details of the Agreement
The IMAX VR Experience features a unique combination of premium technology and world-class content, enabling the users to see, feel, move, and play in a different environment. The centers featuring the VR Experience will be located in multiplexes, malls, and other commercial and standalone destinations while using a modular design, proprietary to IMAX. The design consists of multiple pods to allow multiple players to enjoy unique VR Experiences. The pods are designed to enhance user mobility and interaction in virtual environments and hence can be adapted for specific content experiences.
The Companies plan to launch one experience, each year, beginning with Justice League VR in Q4 FY17 where each title will receive an exclusive window in IMAX VR centers probably before the title is released for other VR platforms, including in-home and mobile offerings.
IMAX VR Developments
On November 10, 2016, IMAX Corp., and IMAX China Holding collectively announced that the Companies had completed the first phase of a $50 million virtual reality fund midst IMAX and other strategic investors, hence assisting the completion of at least 25 VR content experiences over the next three years. IMAX announced that it was in the process of launching its first pilot IMAX VR centers in Los Angeles and at ODEON & UCI Cinemas Group's Printworks multiplex location in England.
IMAX announced the launch of first pilot IMAX VR center in Europe with an intent to deliver immersive and multi-dimensional VR experiences to users. IMAX eventually plans to incorporate premium content resulting from a cinema-grade virtual reality camera, currently under development in a partnership with Google.
At the beginning of this year, IMAX opened the doors of its first VR Centre across the grove in Los Angeles. To date, approximately 15,000 admissions have been clocked on this venue with five more centers scheduled to open this year in New York, California, Shanghai, and the UK.
IMAX Growth Portfolio
IMAX has been holding a sustainable growth portfolio for long now. It recently extended its long-standing relationship with Walt Disney Studios, a division of The Walt Disney Company where the Companies collectively announced that they had extended their multi-faceted agreement with a new multi-picture deal. Under terms of the agreement, both Companies will work together to create exclusive IMAX marketing materials to eventually deliver unmatched entertainment.
The Company recently reported its full-year FY16 results on February 23, 2017. The Company signed agreements for a record 238 new theaters in 2016, which was double the previous two years combined. IMAX installed 117 new theater systems, representing a 56% increase from FY15.
Stock Performance
On Tuesday, March 28, 2017, the stock closed the trading session at $34.00, slightly down 0.29% from its previous closing price of $34.10. A total volume of 660.28 thousand shares have exchanged hands. IMAX's stock price surged 9.32% in the last three months, 15.65% in the past six months, and 9.22% in the previous twelve months. Moreover, the stock gained 8.28% since the start of the year. At Tuesday's closing price, the stock's net capitalization stands at $2.25 billion. The stock is currently trading at a P/E ratio of 80.76.
Yesterday, Time Warner's stock ended the trading session at $97.32, declining slightly by 0.04% from its previous close of $97.36. A total volume of 2.71 million shares was exchanged. The stock has advanced 1.36% in the last three months, 28.98% in the last six months and 37.37% since last 12 months. Moreover, the stock has gained 1.24% since the start of the year. The net market capital for the Company was $75.10 billion as per its Tuesday's closing price. The stock is trading at a P/E ratio of 19.64 and has a dividend yield of 1.65%.
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