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BUSINESS
August 9, 2009 | E. Scott Reckard
The gig : Running MacGillivray Freeman Films, which made its first 16-millimeter surfing documentary in 1967 and evolved into the largest independent producer of giant-screen IMAX movies. The company, with 27 employees, produces its 70-millimeter films in partnerships with corporations, foundations and private investors. Based in a former motel and rest home, the Laguna Beach outfit is known for arresting aerial and underwater sequences, soundtracks by prominent musicians (Dave Matthews Band, George Harrison, Sting)
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CALIFORNIA | LOCAL
July 23, 2000
I recently attended a public meeting on the Discovery Center, the interactive science education center to be built right here in Thousand Oaks--maybe. Phase 1 is an IMAX theater. We were told that profits from ticket sales will come in after the first year. And these profits will start to fund the construction of the Discovery Center. But only if the profits come in. IMAX theaters have been successful when attached to a museum or other destination--i.e. the Grand Canyon. However, stand-alone IMAX theaters are not profitable.
CALIFORNIA | LOCAL
July 29, 2001
Editor's note: The Thousand Oaks City Council has committed $1 million toward construction of the proposed Discovery Center, which is scheduled to include an Imax theater. It seems that the Thousand Oaks City Council is the only organization in the country that has faith in Imax's profitability. Certainly the stockholders don't. Imax stock hit a low of $1.45 in recent weeks, from the high of $29 when the city approved a project last year; that's a loss of 95%. And even as the stock plummets, the co-presidents of Imax gave themselves a $975,000 bonus.
ENTERTAINMENT
March 19, 2010
'Hubble 3D' MPAA rating: G Running time: 43 minutes Playing: At the California Science Center Imax Theater, Los Angeles
ENTERTAINMENT
August 30, 2012
'Home Run Showdown' No MPAA rating Running time: 1 hour, 34 minutes Playing: At the Rave Motion Pictures 18 & Imax, Los Angeles
ENTERTAINMENT
August 15, 2013 | By Richard Verrier
UltraStar Cinemas of San Diego County has formed a joint venture to build more than 40 theaters in China, capitalizing on that country's growing appetite for movies. UltraStar said in a statement Thursday it had formed a joint venture with Letian Entertainment, a subsidiary of China's second-largest broadcast network, to develop and operate theaters throughout China, which is in the midst of a multiplex-building boom. The companies are expected to complete construction of three theaters by the end of 2013, with plans to build an additional 40 cinemas by the end of 2016.
CALIFORNIA | LOCAL
August 3, 1986
Carl Willis Johnston, who helped develop the wide-screen development systems known as Cinemax and Imax, died Friday of congestive heart failure at Clairemont Community Hospital. He was 67. Johnston had lived in San Diego since November. Before that he had lived in Quail Valley and also in Orange County and the San Gabriel Valley. Through his work at Robert Woltz Associates of Newport Beach, Johnston helped develop the Cinemax and Imax systems that are widely used in movie theaters today.
NEWS
May 24, 2013 | By Tracy Brown
Featuring a glass atrium with 150 species, Butterfly Wonderland opens in Scottsdale, Ariz., on Saturday, on a five-acre parcel on the Salt River Pima-Maricopa Indian Community. The new attraction brings a tropical rainforest environment right into the middle of the Arizona desert. Butterfly Wonderland will also feature educational laboratories, interactive exhibits, and a 3-D movie theater along with a gift shop and café. In addition to seeing more than 3,000 butterflies, visitors can stop by the Rivers of the Amazon to check out some aquatic life, an ant colony , and the Honey Bee Extravaganza exhibit that features of series of beehives (protected by glass, of course)
BUSINESS
October 10, 1995
The executive shake-up at financially ailing Iwerks Entertainment Inc. continued as Stanley Kinsey resigned as chairman and a director of the ride simulation and virtual reality company. Kinsey had already given up the chief executive position at the Burbank-based company in May, replaced by former Chief Operating Officer Roy Wright. In June, Iwerks replaced its chief financial officer, G. Edward Smith, with Francis Phalen. Iwerks reported a $13.5-million loss in the fiscal year ended June 30.
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