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IMAX Furloughs 150 Employees as Blockbusters Continue to Postpone Release

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Also Read: 'Mank' Trailer: David Fincher Explores the Dark Side of Hollywood's Golden Age (Video)Notably, the furloughs will not affect IMAX’s offices in China and Japan, where theaters have reopened and the box office has significantly recovered.

In China, IMAX has seen strong numbers over the past two months as successful containment of COVID-19 has led the government to increase the maximum allowed capacity in movie theaters to 75%.

This past weekend, the start of China’s National Holiday, IMAX reported $13 million in total grosses, up 25% from last year.But as with the rest of the global box office, Hollywood blockbusters are the cornerstone of IMAX’s box office revenue.

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