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Imax sales slumped last quarter but beat Wall Street estimates and it swung to a loss. The stock popped in late trading as the company highlighted a strong box office in China and Japan, upbeat outlook and continued sales of its big-screen systems despite the pandemic. Revenue of $56 million was down from $124 million…

Imax CEO Rich Gelfond believes a growing consensus around the long-fraught topic of theatrical movie release windows will boost the recovery of exhibition in 2021 and beyond. In addition to major studios endorsing exclusive windows of 30 to 45 days (half the historical period), either officially or by implication, the…

Refresh for latest…: Warner Bros' hybrid live-action/animated feature Tom & Jerry began offshore rollout in mid-February, and this session became the first studio title to hit China in the wake of the Lunar New Year, as well as adding a host of other new markets. The Hanna-Barbera rascals scampered off with a further $…

Shares of the nation's largest theater chain bucked a down market Tuesday, fortifying their advance of the day before after news that cinemas in New York City will open soon after a year-long lockdown as Covid infection rates fall in the city and state. AMC Ent. stock is up 16% in late morning trades after surging 15%…

UPDATED with closing prices. Exhibition stocks, paced by Imax, moved higher today as investors reacted to explosive weekend box office in China. The hope on Wall Street, unlike the mirage that briefly quadrupled AMC’s market value amid the GameStop surge, is that Stateside theaters may soon see pent-up demand finally…

Chinese moviegoers ushered in the Year of the Ox with the colossal three-day debut of Detective Chinatown 3 grossing an estimated RMB 2.57B ($398M). This tops Avengers: Endgame's 2019 five-day China bow of RMB 2.22B to make DC3 not only the biggest opener in Chinese history, but also giving it bragging rights to the…

Talk about pent-up demand. Detective Chinatown 3, which was originally scheduled to hit Chinese cinemas during the Lunar New Year period in 2020, has sprung out of the gate today with an astonishing Maoyan-estimated RMB 1.05B ($163M) to score the biggest opening-day gross ever of any movie in a single market. The…

China’s box office is primed for a sparkling Lunar New Year frame as new titles start rollout on Friday. As we noted this past Sunday, pre-sales had already begun to pop, with threequel Detective Chinatown 3 in the lead. The film from Chen Sicheng as of 11:30PM local time on Thursday had hit over RMB 673M ($104M) in…

Disney/Pixar's Soul continues to shine overseas with a $96.2M cume after seven frames. In 11 markets this session, the Pete Docter-helmed original added $6.9M to its international box office kitty with No. 1s again in Russia and Korea. In China, it has surpassed Incredibles 2 to become the market’s 2nd…

As exhibitors get set to report results from the last quarter of their annus horribilis, 2020, one Wall Street bull is predicting record box office in 2023. Eric Wold, a veteran analyst with B. Riley Securities, acknowledged in a note to clients that exhibitors’ efforts to emerge from the abyss of Covid-19 have been…

Refresh for latest…: Disney/Pixar's Soul got off to a jazzy start in Korea this weekend, debuting at No. 1 and seeing the second best bow for a non-local title since the Covid pandemic began. The Pete Docter-directed original also launched in Russia, at No. 1, and came in ahead of several pre-Covid animation openings…

Neon, which distributed 2019’s Todd Douglas Miller-directed Emmy- and Peabody-winning documentary Apollo 11, said Thursday it will release Miller’s new short film Apollo 11: Quarantine in Imax theaters beginning January 29. The distributor said it will mount an Oscar campaign for the short, which will be co-presented…