Imax Abandons Shrek 3D
Imax has canceled plans to release DreamWorks' 3D feature SHREK on 150 giant screens. Apparently, increased costs associated with creative changes at DreamWorks have led to Imax abandoning the project. Last month, Imax's stock dropped 70% after the company reported an earnings loss warning for the quarter. This project originally looked like a promising financial boost for Imax (and the distribution of animation) after their big success with the release of FANTASIA/2000. SHREK is scheduled to arrive in regular theaters on May 18, 2001.