"The renewal of our credit facility reflects the strong, continued confidence in IMAX’s business model, strategic position, and long-term growth trajectory," said Rich Gelfond, CEO of IMAX.

"If you're at all inclined to invest in the movie industry, IMAX seems like your best bet." Cramer explained that IMAX's business model is different from many of its peers.

CNBC's Jim Cramer on Tuesday explained why he thinks IMAX has momentum and is a more promising company than others in the movie theater business. "At a time when the movie studios and the movie ...

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CEO Rich Gelfond is forecasting a $1.2 billion year for the company, which would be a record for the 55-year-old business.

A crash overnight in Upper Moreland Township, has lead to the Sunday closure of eastbound lanes of the Pa. turnpike.

The IMAX experience is touted as state-of-the-art in terms of picture and sound quality.

Imax is aggressively adding screens across China, betting on big local and U.S. productions to boost its sales in the world’s second-largest film market.

Imax has hired Alamo Drafthouse chief content officer Heather Morgan as its new head of global distribution, taking over for Craig Dehmel.

Tuesday's 2.8 magnitude earthquake was strong enough to be noticed by locals despite Pennsylvania not being known for seismic activity.