NBC’s live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.
NBC's live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.
This is the first Summer Olympics opening ceremony that will not be held in a stadium. Instead, organizers are sending Olympians down the River Seine on a four-mile-long flotilla of nearly 100 boats. This live programming comes on the heels of the successful run of Warner Bros. and Legendary Entertainment's"Dune: Part Two" in IMAX locations.announced Friday that its live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.
IMAX stock has climbed nearly 6% year to date, last trading at just under $16 a share. However, most analysts think the stock is undervalued. Wold's price target is $25 a share, just above the analyst average of $21.60, according to FactSet. Wold said the current price"does not give IMAX any credit" for the fact that its box office is expected to be flat compared with 2023, while the rest of the industry is expected to decline. He also said IMAX is the"only company in this universe" that is projected to generate adjusted earnings in 2025 that top 2019 levels.The opening ceremony will also be shown on NBC and Peacock.Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S.
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