News Snapshot:
Imax China Takes Double Hit From Covid Closures, Dearth Of Hollywood Films Summary - 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. - The second half looks less gloomy now that China has begun to reopen with its COVID situation improving. Shares of the big-screen cinema technology provider in China dropped about 4% in the three days after it reported a plunge...
