IMAX is getting ready to storm the theaters this year, but hasn’t done so yet. The company reported a $10.3 million loss for the first quarter this year. IMAX said the results “reflect the transitional nature of 2008 from a financial perspective as we continue implementing our key joint venture revenue sharing and digital initiatives.” Cryptically saying ‘we had a big loss now, to hopefully make some money in the future.’

They also blamed poor numbers for ‘The Spiderwick Chronicles’ and Rolling Stones’ ‘Shine A Light.’ The IMAX versions respectively did $6.8 and $3.9 million to date. It already had the box office results for the new ‘Speed Racer’ too, which made $1.9 million at 84 IMAX screens since last week.

Lastly, the big screen company announced a deal with DreamWorks to deploy ‘Madagascar: Escape 2 Africa’ worldwide in theaters November 7. It’s good to see IMAX making some promising deals with other studios. The company has a strong connection with Warner, but I think they’d rather have had ‘Iron Man’ than ‘Speed Racer’ last weekend.

DreamWorks just took the fun out of ‘Transformers 2′ again. We reported last week how Jonah Hill was in talks to be LaBeouf’s sidekick, but whoever leaked that news didn’t help. DreamWorks and Michael Bay are moving on.

Hill seems to be too though, he is now considered to have a small role in ‘Night at the Museum 2,’ with Ben Stiller. Say, could that Entertainment Weekly leak be Jonah Hill himself?

After better than expected DreamWorks earnings yesterday, Wedbush Morgan has upped their advice for DreamWorks stock from ‘Hold’ to ‘Buy.’ After the earnings yesterday and the Wedbush Morgan statement earlier, the DreamWorks Animation stock jumped over 8.5%.

So it might actually be a little too late to buy them, since the jump already took place. But since the stock market is currently recovering and DreamWorks is looking at a bright future, it might not be such a bad investment after all.