EXCLUSIVE: As the rolling process of cinema reopenings continues across various markets, IMAX has recently enjoyed strong grosses with local-language movies in Asia as well as the reissue of Christopher Nolan’s Interstellar in China. This week in the Middle Kingdom, it’s set to have a particularly vibrant frame with war epic The Eight Hundred. Already,
IMAX
SATURDAY UPDATE: Since cinemas reopened in China’s low-risk areas on July 20, the market today had its biggest day yet. Box office was $5.74M (RMB 40M) overall for the day, according to Maoyan figures. That reps a 38% jump from Friday. After leading last weekend and the midweeks, then dropping to No. 2 on Friday,
Yeon Sang-ho’s Peninsula, the follow-up to his 2016 zombie smash, Train To Busan, made a meal of the international box office this weekend, in Korea and four other markets. The thriller sequel (aka Train To Busan Presents: Peninsula) already logged the biggest opening day score of the year in its home market on Wednesday and
Imax China has expanded its decade long partership with Wanda Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and install the technology in ten new ones, the companies said Thursday, as China prepares to reopen its shuttered theaters starting July 20. The
In the wake of the China Film Administration announcing yesterday the reopening of cinemas on July 20, there’s been several questions as to what China is determining to be a low or high risk COVID-19 area. We heard from a number of industry sources today that the majority of the country’s exhibitors can reopen except
Imax shares shot higher Wednesday as Goldman Sachs initiated coverage of the large-format leader with a “buy” rating, saying it’s well positioned to take share in the current environment and has ample cash to navigate a potentially turbulent recovery. The stock was up more than 16% on a day of solid gains for exhibition that
Imax CEO Rich Gelfond said enticing patrons away from Friday and Saturday night s is critical for the successful reopening of the exhibition business. It’s something he thinks will happen naturally in a COVID-19 environment with some help from marketing and promotion. Wall Streeters have been fretting that hard-hit theaters will have to leave money
IMAX has appointed Brett Harriss as Senior Vice President of Investor Relations. In his role, Harriss will oversee the company’s global investor relations strategy and serve as its lead with the investment community. Harriss will report directly to IMAX CEO Richard Gelfond out of the Company’s New York office. “Brett brings a deep understanding of
We are hearing from U.S. industry sources as well as those on the ground in the PRC that the offices of China Film Group in Shanghai and those of China’s Film Bureau are re-opened for business, a sign that the country’s exhibition is on its way to a gradual recovery after being shuttered since the
Here’s something to sail NEON’s Parasite past the $50M mark at the domestic box office: The 4x Oscar winner, including, best picture is getting an Imax release in 214 U.S. and Canadian auditoriums tomorrow for a one week release. The Cannes Palme d’Or winning movie was digitally re-mastered into the Imax format. In the wake of making