Imax China Takes Double Hit From Covid Closures, Dearth Of Hollywood Films

Shares of the big-screen cinema technology provider in China dropped about 4% in the three days after it reported a plunge in its first-half profit Key Takeaways: Imax China barely remained profitable in the first half of 2022 as Omicron outbreaks and resulting control measures led to theater closures The number of Hollywood films released in China has dropped as well, which makes it difficult for theater operators to draw big audiences By Warren Yang More than two years into the Covid-19 pandemic, Imax China Holding Inc. (1970.HK) and other…

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