Making the big screen even bigger is proving to be contagious. IMAX
IMAX's ability to transform an ordinary multiplex into a mammoth-sized, premium-priced moviegoing experience has been a hit with both studios and exhibitors. Movie makers love the incremental revenue stream. Theater owners love having a product that no home theater system can even begin to match.
The big catalyst is this year's rollout of IMAX's digital projection system, saving costly reel printing fees, solving inventory hang-ups, and giving everyone greater programming flexibility.
You don't need yesterday's Regal announcement to show you that IMAX is now celluloid royalty. Between a 35-screen international deal earlier this month and December's 100-screen deal with AMC, IMAX has inked the three biggest deals in its 40-year history in just the past few months.
There is also validation in these deals. Regal has been an IMAX partner since last year, and AMC came on board three years ago. It also bears noting that Time Warner
It's not just Potter working that IMAX magic. DreamWorks Animation
I recommended IMAX to Rule Breakers subscribers two and a half years ago. I was too early. The price was too high. It's all coming together now. IMAX is saving the movie industry by reestablishing the allure of "a night at the movies."
You've got to love IMAX's position right now. There are countless ailing multiplexes waiting to be saved, and they are all starting to realize that IMAX is the company peddling the cure.
IMAX is an active recommendation for Rule Breakers subscribers. The reasons why -- as well as dozens more growth stock ideas -- can be yours with a free 30-day trial. Time Warner and DreamWorks Animation are Stock Advisor picks.
Longtime Fool contributor Rick Munarriz is looking forward to an IMAX screen opening a mile away from his home through that AMC deal later this year. He does own shares in DreamWorks Animation. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.