Richard Gelfond China USA Japan Hollywood pandemic 2020 Richard Gelfond China USA Japan

Imax First Quarter Revenues Rise on Asian Box Office Recovery

Reading now: 289
hollywoodreporter.com

Giant-screen exhibitor Imax posted higher first-quarter revenues as it was lifted by a recovery in the Asian box office. The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic.

Despite the hit to North American movie theaters from the COVID-19 crisis with theater closures and capacity restrictions, Imax has seen strong box office performance for local titles, mainly in China, Korea and Japan as the Asian market reopened.

Read more on hollywoodreporter.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA