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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).
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Without an ‘Avatar’-Sized Holiday Blockbuster, Imax Quarterly Earnings Fall
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variety.com
variety.comBrent Lang Executive Editor The actors strike and a series of holiday blockbusters that didn’t shine as brightly took a bite out of Imax‘s fourth-quarter earnings.
Revenues at the exhibition and technology company fell to $86 million, a 12% drop from the $98 million that the company reported in the prior-year quarter.
Profits, however, were essentially flat, with Imax reporting net income of $2.5 million, a 3% decline from the $2.6 million in the prior-year quarter.
Imax’s adjusted earnings per share of 17 cents represented an 11% drop. Imax’s revenues missed Wall Street’s estimates of $89.6 million, while its profits topped projections of 10 cents per share.
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