![]() ![]() This serves to further differentiate IMAX's premium movie experience. ![]() More recently, some movie studios have shot movies using IMAX cameras so that the director's creative vision can be more fully portrayed on an IMAX screen (see " Infinity Wars," for example). With respect to movie studios, IMAX digitally re-masters (DMR) blockbuster films in exchange for a % cut of box office receipts (~18% blended take-rate when dividing revenue from DMR by global box office sales). IMAX's business model is primarily to partner with movie studios and exhibitors to deliver premium, immersive movie experiences. However, the wreckage created the opportunity to buy a gem in IMAX at a bargain price. In places where movie theaters have re-opened, theater capacity is often limited to 50% or less. Many movie theaters remain closed around the world. Movie studios stopped production and delayed releases due to COVID. COVID-19 (COVID) has wreaked havoc on the movie industry in 2020. ![]() IMAX ( NYSE: IMAX) offers compelling risk/reward at its current price of ~$13 per share with potentially 30%+ IRR through 2022 (to ~$30+) based on its low valuation today, strong balance sheet, high-quality business model and proven management team. Active contributors also get free access to SA Premium. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Editor's note: Seeking Alpha is proud to welcome Intrinsic Insights as a new contributor. ![]()
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