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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Maoyan Springs Back on Rebounding China Box Office

China’s leading movie ticket seller swung back to profitability last year, but is still valued weakly as the film sector faces numerous uncertainties Key takeaways: Maoyan Entertainment returned to profitability last year as China’s movie industry bounced back from pandemic lows in 2020 The company is transitioning from online ticket seller to a wider range of film-related services, including a fast-growing content production and distribution business By Lau Ming When it comes to China’s film sector, everything is relative. Sporadic Covid-19 outbreaks last year caused many theaters to flicker on…

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