Imax Q1 Global Box Office Dinged by COVID-19 Theater Closures in China
COVID-19 theater closures limited Imax’s global box office for The Batman, Colliers analyst Steven Frankel wrote investors Tuesday. The company’s Q1 gross box office as of March 27 was $170.2 million, on track for $175 million for the quarter, about…
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$10 million below the analyst’s estimate. Despite lower-than-expected results, Q1 was a “good start to what should be a strong year at the box office,” Frankel said. The Batman produced over $52 million in Imax gross box office, he said.