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Imax CEO Rich Gelfond Says Company Has “Years Of Runway” To Manage Through Current Downturn
Shares in Imax were down in pre-market trading Thursday morning after the company announced its Q3 results, which included a loss of $47.2 million on revenues of $37.3M. As of 10 a.m. ET, the stock was down 4.92%.
CEO Rich Gelfond, however, remains bullish on the theatrical business and the company's future health…
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Imax Q3 Records $47.2M Loss; Revenues Hit $37.3M With Boost From Local-Language Titles In Asia
Imax on Thursday reported third-quarter earnings for the period ended September 30. Revenues were $37.3 million versus $86.4M in the third quarter of 2019, largely impacted by the global COVID-19 pandemic. The result is, however, much better than Q2, which saw revenues of just $8.9M. In part that's down to the…
With ‘The Eight Hundred’ Now 2020’s No. 1 Global Grosser & As National Day Nears, Will China Box Office Top Domestic This Year? – Market Rankings Chart
The first major blockbuster of the pandemic era, The Eight Hundred this week became the No. 1-grossing movie of 2020 worldwide, jumping ahead of Bad Boys For Life ($430.3 million global, per Sony). The Guan Hu-directed war epic has through Friday amassed $434M at the Chinese box office alone, and is also now the 10th…
‘Tenet’ Tops $250M WW, Takes Japan By Storm; ‘Mulan’s Uphill Battle Continues In China; ‘After We Collided’ Sexy At $30M Overseas – International Box Office
TUESDAY UPDATE, with actuals & more market detail: Christopher Nolan's Tenet came in just a touch higher in the weekend actuals versus Sunday's estimates, lifting to $25.3M from 54 overseas markets, per Warner Bros. That was good for a 35% drop in the holdovers (-29% if excluding China). The international box office…
Chinese Box Office Hit ‘The Eight Hundred’ Heading To UK Cinemas
EXCLUSIVE: Epic Chinese war drama The Eight Hundred has been acquired for UK theatrical after mining box office gold in its native China.
The film became the first blockbuster-level hit in the pandemic era when it released in China on August 21, grossing $336M in the territory to date, which places it at no.2 on the…
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By Tom Grater
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- Exclusive
- International
‘Tenet’ Tops $20M In China, Crossing $100M Overseas Today – International Box Office
SATURDAY UPDATE: Tenet switched places with local juggernaut The Eight Hundred on Saturday in China. The films were in a close race for the No. 1 slot, but the Chinese war epic slightly edged Christopher Nolan's time-bending thriller, by an estimated difference of about $1.3M. The Middle Kingdom cume on Tenet is…
‘Tenet’ Triumphs With $53M Worldwide Launch From 40 Offshore Markets & Canada – International Box Office
SUNDAY UPDATE: Christopher Nolan's Tenet has surged to a $53M opening at the worldwide box office which includes 40 overseas markets and Canada. The numbers are a triumph on the highly-anticipated Warner Bros title which bows in the U.S., China and other markets this coming week and will see further international box o…
Imax Stock Surges After Record China Debut Of ‘The Eight Hundred’
Imax stock surged almost 10% Monday after the stellar debut in China for The Eight Hundred, the locally produced war epic that took in $83 million over the weekend.
Multiple Wall Street analysts have also given Imax shares a boost, reaffirming their positive ratings and noting the company’s unique strategic position…
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By Dade Hayes
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‘The Eight Hundred’ Storms $83M Three-Day China Opening, Rises To $117M Including Previews To Score 2020 Records – International Box Office
SUNDAY UPDATE: China has a bona fide blockbuster on its hands with The Eight Hundred. The war epic had already performed incredibly well during its five days of previews, and this weekend increased daily to add an estimated $83M from the official Friday/Saturday/Sunday opening frame. According to Maoyan estimates, the…
Hot-Selling Chinese Valentine’s Day Pic ‘Love You Forever’ Locks UK Release
EXCLUSIVE: Love You Forever, the upcoming Chinese romance which is currently tracking at the top of the pre-sales chart in China ahead of its August 25 release, will also be heading into UK cinemas on the same date.
Trinity Cine Asia is handling the release. According to the distributor, Love You Forever is number one…
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By Tom Grater
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- Exclusive
- International
IMAX’s Rich Gelfond Talks China, ‘Tenet’ & Global Theatrical Outlook: “I Don’t Think That 100 Years Of History Gets Changed In Five Months”
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…
- Exclusive
- Box Office
‘The Eight Hundred’ Coming On Strong In China Previews, Tops $20M – International Box Office
China was the big breakout this past weekend, leading the international box office for the fourth frame in a row and powered by the reissue of Warner Bros' Harry Potter And The Sorcerer's Stone in a 4K 3D restoration that conjured $13.6M on 16,000 screens over the three-day frame. With Monday and Tuesday’s Middle…
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