... film industry requires high investment and huge expertise. Some challenges IMAX is going to face to survive in the film industry are dealing with the technological evolution and high quality DVD's, dealing with piracy of movies, and the change of taste of consumers. Dealing with a lot of competitors and threat of substitutes is also a challenge due to ... DVD releases and the Internet because it is cheaper. IMAX's business strategies include expanding into multiplexes and malls, offering more movies by introducing Hollywood movies in IMAX format, and increasing revenue ... ...

• Word Count: 511
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate