Brent Lang Executive Editor of Film and MediaThe coronavirus pandemic continued to be a drag on IMAX’s earnings during the first quarter, but there were signs that a box office revival in Asia could foreshadow a moviegoing return in the U.S.
and other markets. The exhibition company reported revenues of $38.8 million, an 11% bump from the prior-year quarter, as well as a net loss of $14.8 million, an improvement on the $49.4 million the company lost in the year-ago period.
That amounted to a loss of 25 cents per diluted share. Imax attributed the loss to the impact of theater closures due to the pandemic, as well as the capacity restrictions that are still in place in many major markets.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.