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China's Fading Box Office Delivers Rare Profit-boost For Imax China
Benzingaยท 2025-08-04 13:23
Investors held out high hopes for Imax China when it listed in Hong Kong in 2015, betting the Chinese offshoot of Canada's Imax(IMAX.N) was well placed to profit from a box office that was booming at the time. Investors believed that growing demand from increasingly discerning Chinese would further fuel demand for Imax's premium big-screen viewing experience. Such hopes sent the stock from its listing price of HK$31 to as much as HK$60. But reality quickly caught up with the company as China's box office ra ...