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Stock impact report

Summertime sadness? Not at movie theaters [Los Angeles Times (CA)]

Imax Corporation (IMAX) 
Last imax corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: imax.com/content/investor-relations
Labor Day weekend marks the end of a magical time of the year for pop culture — the summer movie season. And the last couple of months have provided a glimmer of hope for Hollywood , which has struggled as audiences have grown more accustomed to TV streaming devices since the COVID-19 pandemic. The bright spot? This summer's gross box office receipts are projected to total about $3.6 billion through the Labor Day weekend, my colleagues Samantha Masunaga and Christi Carras report. That's down from last year's “Barbenheimer” summer, which raked in $4 billion. But it's still higher than summer totals in 2022, 2021 and 2020. “I don't like to spike the ball on the five-yard line, but I think we're in the right direction,” said Rich Gelfond, chief executive of Imax Corp., the giant-screen technology company that operates out of Playa Vista. “We're certainly on the road back.” Animated movies and superheroes helped rescue the day The summer box office initially looked bleak for th Show less Read more
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