Digest: Imax gets giant returns for 'Feet'
EmptyTORONTO -- Imax Corp. said Tuesday that Warner Bros. Pictures' "Happy Feet" danced its way to a record opening weekend of $2.4 million for a digitally remastered animated movie unspooling on its giant screens. Toronto-based Imax said the $2.4 million bow came from 79 screens, or a three-day, per-screen average of about $30,380 through Sunday. The record opening marks a reversal for Imax, which recently posted disappointing numbers for Warners' "Ant Bully."
Movie-ticketing service Fandango has promoted Rick Butler to the newly created position of chief operating officer, reporting to chairman and CEO Chuck Davis. Previously chief information officer, Butler will work with Davis on strategy and be responsible for day-to-day operations focusing on exhibitor relations and more. Fandango, which now provides ticketing services for more than 15,000 U.S. screens, also named Shane O'Neill chief technology officer.
GameStop Corp., the largest U.S. video game retailer, said Tuesday that it swung to a third-quarter profit on revenue that nearly doubled. The company posted third-quarter earnings of $13.6 million, compared with a loss of $2.5 million a year ago. Revenue jumped from $534 million last year to $1 billion in the latest quarter, with same-store revenue, or sales at stores open for at least a year, up 8.8% year-over-year. GameStop said it expects a strong holiday season with same-store sales projected to rise 14%-18% in the fourth quarter, following the launch of Sony Corp.'s PlayStation 3 and Nintendo Co. Ltd.'s Wii consoles. The company said third-quarter hardware sales climbed 69%, with software sales up 14%.