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

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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.

 

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