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Imax Stock Surges After Record China Debut Of ‘The Eight Hundred’

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deadline.com
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Dade Hayes Finance EditorImax stock surged 9% Monday after the stellar debut in China for The Eight Hundred. The locally produced war epic took in $83 million over the weekend, the biggest Friday-to-Sunday tally for any international release in 2020.Multiple Wall Street analysts have also given Imax shares a boost, reaffirming their “buy” ratings on its shares and noting the company’s unique strategic position as theatrical moviegoing gets back on its feet.

The opening is the best for any international release in 2020 to date — a year that has been indelibly marked by COVID-19, which has shuttered theaters for long stretches in most of the world.

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