Giant screen cinema operator IMAX recorded its highest-ever losses for its Q3 trading. They were brought about because of its Covid-impacted revenues which plummeted to $37.3 million from $86.4 million in the same period in 2019. But the revenues could have been worse. Asian revenues, where the Covid restrictions had been relaxed, helped boost income […]
August 24th saw IMAX’s share price jump 14.39 percent helped by positive news from its Chinese division. A movie, The Eight Hundred, the first-ever Chinese blockbuster production to be entirely filmed with IMAX cameras, had a very strong opening weekend in China with $116 million in box-office receipts over the 3-day weekend. IMAX controls just […]
Giant screen operator IMAX has reported its latest results, with CEO Rich Gelfond telling analysts that its cinemas in China, a key market for the business, and other parts of Asia are starting to reopen. “As theatres with IMAX systems reopen, our network will begin to generate incremental free cash flow with limited startup costs […]