IMAX, Paramount Agreement for Revenge Forces Delay of Harry Potter Release
Reported by Eyehut - 09:12 AM 2009.06.09
Transformers: Revenge of the Fallen - 1, Harry Potter and the Half-Blood Prince - 0.
The count begins and we're still a week and a half from the release of the the anticipated robot film on the silver screen and the giant f*ckin' screen that is IMAX.
It turns out that IMAX committed to showing both films, but then Warner Bros. made the decision to delay the film from November to July, and according to the Hollywood Reporter, gets up in the grill of the the dedicated four week time period it has allocated to show Paramount Pictures' Revenge.
That has forced IMAX to delay the release of Half-Blood Prince by two weeks, July 29th. The film opens in regular theaters on July 14th the U.S.
Shares of IMAX, Corp (IMAX) dropped about 30 cents yesterday on the NASDAQ after the announcement, which translates to a whopping 4%. The shares continue to drop today. At this time of this writing (10 AM Eastern) the shares are down another 12 cents, almost a 2% drop.