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    IMAX China Holding
    Entertainment

    IMAX China Holding

    China flagChina
    Founded 2011 Shanghai, China CEO: Daniel Manwaring
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    About

    IMAX China Holding Inc. was established in 2011 as a subsidiary of the Canadian IMAX Corporation to oversee operations in Greater China. The first IMAX theater in China opened in 2001 in a museum setting, with the first commercial multiplex location debuting in 2007. The company went public on the Hong Kong Stock Exchange on October 8, 2015, offering 62 million shares and raising between HKD 1.848 billion and HKD 2.139 billion. Key investors included Fangyuan Capital, China Media Capital, TCL, China Asset Management, Davidson Funds, Hutchin Hill Capital Primary Fund, and Myriad Opportunities Master Fund. On its first trading day, shares closed at HKD 32, a 10.5% premium above the IPO price.

    IMAX China operates 809 theaters across mainland China, Hong Kong, Taiwan, and Macau, making it IMAX Corporation's largest market globally, with over 40% of IMAX's total screens located in Greater China. The company is the exclusive licensee of the IMAX brand and technology and the sole platform for IMAX format film releases in Greater China. Revenue splits into two segments: approximately 36% from content solutions (box office revenue sharing from films converted to IMAX format) and 63% from technology products and services (installing theater systems, maintenance contracts, and upgrading existing screens). IMAX China does not own the theater locations except for one, it sells or leases IMAX Systems to exhibitor customers along with trademark licenses and ongoing maintenance services.

    In July 2023, IMAX Corporation announced plans to acquire full ownership of IMAX China through a take-private deal valued at $124 million, offering approximately HK$10 per share in cash, a 49% premium to the 30-trading day average closing price. Upon completion, IMAX Corporation will own 100% of IMAX China. CEO Rich Gelfond stated the deal "unlocks significant financial benefits for IMAX while offering IMAX China investors a meaningful premium." In 2025, the Chinese film Ne Zha 2 became the highest-grossing IMAX release ever in China at $161 million, contributing to the highest-grossing Chinese New Year in company history.

    Products & Sub-brands

    IMAX projection systemsIMAX DMR (Digital Remastering) technologyIMAX curved screensIMAX theater geometry designIMAX sound systems

    Frequently Asked Questions

    Who owns IMAX China?
    IMAX China is a subsidiary of IMAX Corporation (NYSE: IMAX), which owns 71.4% of its shares. In July 2023, IMAX Corporation announced a $124 million deal to acquire the remaining outstanding shares and take full ownership.
    Who is the CEO of IMAX China?
    Daniel Manwaring became CEO of IMAX China in January 2023. He oversees all local business functions including distribution, marketing, and finance, and reports directly to IMAX Corporation CEO Rich Gelfond.
    How much is IMAX China worth?
    As of early 2025, IMAX China had a market capitalization of approximately $334 million, with $94 million in cash on hand. The stock traded around HKD 7.70 per share, representing about 10x reported P/E.
    IMAX China vs Dolby Cinema: which is better?
    IMAX China offers larger curved screens, proprietary DMR remastering technology, and specialized theater geometry for an immersive experience. Dolby Cinema emphasizes Dolby Vision HDR and Atmos sound. IMAX has stronger brand recognition in China with over 800 screens.
    Is IMAX China still in business?
    Yes, IMAX China is very much in business and growing. It operates 809 theaters across Greater China, its largest market globally. In 2025, 'Ne Zha 2' became the highest-grossing IMAX release ever in China at $161 million.

    Keywords

    IMAXChinapremium cinemalarge formatfilm exhibitionHong Kong Stock Exchange

    Sources

    Company Info

    Founded
    2011
    CEO
    Daniel Manwaring
    Headquarters
    Shanghai, China
    Industry
    Entertainment
    Parent Company
    IMAX Corporation
    Number of theaters
    809
    Market capitalization (early 2025)
    $334 million
    IPO date
    October 8, 2015
    IPO share price
    HKD 29
    First trading day close
    HKD 32

    Official Website

    www.imax.cn

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