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Benzinga
Benzinga
Business
The Bamboo Works

Imax China Takes Double Hit From Covid Closures, Dearth Of Hollywood Films

Imax China Imax China Hollywood Simu Liu Omicron IMAX Corp United States

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
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