IMAX's Russian Revenues Nearly Double in 2nd Quarter

8:20 AM PST 07/29/2013 by Vladimir Kozlov

Fyodor Bondarchuk’s $30-million World War II epic "Stalingrad" is expected to be the company's biggest release in Russia.

MOSCOW – IMAX has reported that its revenues in Russia and the countries comprising the Commonwealth of Independent States nearly doubled in this year’s second quarter, year-on-year.

The 2013 Q2 revenue figure was $6.9 million this year, a 96 percent increase from the April-June period of 2012, the company reported.

Meanwhile, the number of IMAX screens in the region increased from 14 to 38 over the past year. Last month, the company announced a deal with the Russian exhibitor chain Kinomir to open a 350-seat IMAX cinema at an eight-screen multiplex theater in the Siberian city of Barnaul in 2014.

This year’s main IMAX release in Russia and the CIS states is to be Fyodor Bondarchuk’s $30-million World War II epic Stalingrad. The first Russian film to be made in compliance with the IMAX 3G format is to open at IMAX theaters this October.

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