Imax Earnings Rise on 'Spider-Man,' Asian Hits

  • 📰 THR
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The giant-screen exhibitor, led by CEO Richard Gelfond, pointed to a strong mix of Hollywood and local-language Asian market movies.

, which reached $35.5 million in box office during the latest three months, and the Japanese hitImax's global box office rose 19 percent to $246.1 million, against $206.5 million last year, with domestic box office during the latest quarter rising 23 percent to $76.5 million, while the Greater China box office was $76.4 million and the rest of the world box office was $93.2 million.

The giant screen exhibitor's commercial theater network grew 9 percent in size, with signings across the U.S., UK, France, India, Japan, Malaysia, the Middle East and elsewhere internationally. "We are on track for our best year ever at the global box office," said Imax CEO Richard Gelfond. "In China our box office is up 27 percent in [local currency] through early October and we recently grew our box office by more than 160 percent during the pivotal National Day holiday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks edge higher after Fed rate cut, focus shifts to BOJAsian shares rose on Thursday and U.S. stock futures edged higher after the U.S....
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks rally after Fed cut, BOJ sends clearer easing signalAsian shares jumped on Thursday to a three-month high and the dollar fell broadl... It looks like good for short term, but it's not good for long term.
Source: Reuters - 🏆 2. / 97 Read more »