News for IMAX China Holding, Inc. (1970.HK)

Key Takeaways: Imax China reported its profit fell 9% to $12.65 million in the first half of this year Some observers expect a potential new privatization bid for the Chinese cinema company by its Canadian parent, after a previous bid failed By Lau Chi Hang

IMAX China Holding has recently extended its collaboration with the company's biggest customer, Wanda Film. Find out why I rate IMXCF stock as a hold.

Key Takeaways: Imax China is being privatized by its Canadian parent, ending an eight-year experiment with its separate listing on the Hong Kong Stock Exchange Imax China reported $73 million in revenue last year, or about a quarter of its parent’s $300 million, and was profitable, even as its parent recorded a loss for the year

Imax China is being privatized by its Canadian parent, ending an eight-year experiment with its separate listing on the Hong Kong Stock Exchange.

IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. Read why I continue to rate IMAX shares as a buy.

Imax China barely remained profitable in the first half of 2022 as Omicron outbreaks and resulting control measures led to theater closures.

Theatregoers are demanding a rewrite of China’s cinema script. Lockdowns pushed movie ticket sales to a 10-year low during the recent Dragon Boat Festival holiday weekend. While the country overtook the United States in 2020 to become the world’s largest theatre market, that outperformance was only relative. In absolute terms, the market is throwing rotten tomatoes at the Chinese silver screen.

Nationwide ticket sales reached $943 million over seven-day Lunar New Year holiday, down 21% from last year but ahead of pre-pandemic levels in 2019.

Chinese stocks are trading at steep discounts after the recent regulatory crackdown. 4 experts share whether you should be buying or selling the dip.

LEO RAMIREZ/AFP via Getty Images Chinese stocks have melted down recently over regulatory concerns, but the selloff may be overdone. China is...

SHANGHAI, March 4, 2021 /PRNewswire/ -- IMAX China Holding, Inc. ("IMAX China" or the "Company", HKG: 1970) today reported full-year 2020 ...

/PRNewswire/ -- IMAX China Holding, Inc. ("IMAX China" or the "Company", HKG: 1970) today reported full-year 2020 results highlighted by second-half box office...

FEB 17: Chinese cinemas racked up record box-office revenues during the week-long Lunar New Year holiday, as coronavirus travel curbs compelled millio...

Hong Kong stocks rose on Tuesday, on track to mark a bull run on the first day of trading after the Lunar New Year holidays, with investors willing to take in more risk tracking a firmer overseas...

/PRNewswire/ -- IMAX Corporation (NYSE: IMAX) soared to its best-ever opening weekend for the Chinese New Year holiday, grossing $25 million through February...

NEW YORK and SHANGHAI, Feb. 14, 2021 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) soared to its best-ever opening weekend for the Chinese New Yea...

/PRNewswire/ -- IMAX Corporation (NYSE:IMAX) today announced it will hold a quarterly conference call to discuss its fourth-quarter and full-year 2020...