Imax Says Strongest Quarter Since Pandemic Reflects “Significant Turning Point In Global Box Office”
Imax sales surged last quarter as it delivered $142 million in global box office sales — up 100% year-over-year.
It’s since broke records for the high-grossing month of October, with Dune being the latest hit Stateside, and said it expects an accelerating pipeline of blockbusters set for exclusive theatrical release to further build consumer momentum worldwide in the current quarter and next year.
Revenue attributable to the big screen theater chain, which includes Imax technology network and sales, jumped 52% to about $57 million for the three months ended in September. Black Widow, Free Guy and Shang Chi and The Legend of the Tend Rings, along with Dune, in international markets, drew audiences back to theaters in record numbers.
Imax’ net loss narrowed dramatically to $8.4 million from $47.2 million, reported a loss per share of 14 cents to 8 cents. The company cited “a significant turning point in the global box office with pent up consumer demand...
It’s since broke records for the high-grossing month of October, with Dune being the latest hit Stateside, and said it expects an accelerating pipeline of blockbusters set for exclusive theatrical release to further build consumer momentum worldwide in the current quarter and next year.
Revenue attributable to the big screen theater chain, which includes Imax technology network and sales, jumped 52% to about $57 million for the three months ended in September. Black Widow, Free Guy and Shang Chi and The Legend of the Tend Rings, along with Dune, in international markets, drew audiences back to theaters in record numbers.
Imax’ net loss narrowed dramatically to $8.4 million from $47.2 million, reported a loss per share of 14 cents to 8 cents. The company cited “a significant turning point in the global box office with pent up consumer demand...
- 10/28/2021
- by Jill Goldsmith
- Deadline Film + TV
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