Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
Warner Bros China Covid-19 pandemic reports record Warner Bros China

Imax Rides ‘Avatar’ Mania Past Wall Street Projections With $98 Million in Q4 Revenue

Reading now: 266
thewrap.com

threadbare release slate and decades-low grosses in August and September. The premium format company reported earnings of $2.6 million or 19 cents per share, an improvement from last quarter’s loss of 3 cents per share and beating projections of 15 cents per share.While Imax’s total box office only reached $177 million in Q3, “Avatar: The Way of Water” alone nearly eclipsed that total with $160 million grossed in Q4.

The overall quarterly cume worldwide reached $251.6 million, a 42% increase from last quarter. Imax has further cemented its position as a major contributor to the success of blockbusters upon which the box office and exhibitors have become even more reliant than before the COVID-19 pandemic.

As “Avatar: The Way of Water” reached an astonishing $2.24 billion in global box office grosses, Imax estimates that 11% of that total has come from tickets sold for screenings in its auditoriums.

Signs point to Imax posting a stronger Q1 over last year thanks to a record $61.3 million Lunar New Year period in China along with holdover grosses from “Avatar 2” and $24 million grossed worldwide during the opening weekend of “Ant-Man and the Wasp: Quantumania.” Imax will also support several March blockbusters including MGM’s “Creed III,” Warner Bros./New Line’s “Shazam!: Fury of the Gods” and Lionsgate’s “John Wick: Chapter 4.”.

Read more on thewrap.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