Imax Q1 Earnings: Revenues Rebound on Asian Box Office Recovery
Lars Niki/Getty Images for IMAX The giant-screen exhibitor, led by Richard Gelfond, got a boost from local Japanese titles like 'Demon Slayer' and 'Shin Evangelion.' Giant-screen exhibitor Imax posted higher first-quarter revenues as it was lifted by a recovery in the Asian box office. The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic. Despite the hit to North American movie theaters from the COVID-19 cris...