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Marvel’s ‘Black Widow’ and ‘Shang-Chi’ Jolt Imax Earnings to Pandemic Era High
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thewrap.comThat surge has reduced the company’s net losses to just $8.3 million and 14 cents per share, down from $9.2 million, or 16 cents per share last quarter.
Imax’s adjusted EBITDA also surged from $300,000 to $13.1 million. The report also comes as Imax and the global box office as a whole are finishing a resurgent October in which domestic overall grosses will exceed $600 million, the best monthly total so far this year and better than the $544 million grossed in October 2017.
Through films like “Venom: Let There Be Carnage,” “No Time to Die,” “Dune” and “The Battle at Lake Changjin,” Imax grosses for the month have exceeded $100 million worldwide.“The third quarter was a major turning point for IMAX […] a clear sign of significant pent up.
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