Get the latest gossip
Imax Q4 Sales Dip On Strike-Related Slate Shifts; CEO Touts Strong Full-Year 2023 Box Office, Says “I Feel A Lot Better Than I Did” About 2024
Imax saw sales dip last quarter in line with Wall Street forecasts. The company focused on strong full year growth and accelerated global expansion.
“We drove significant expansion and diversification of our global footprint, with a record 61 of our system installations coming from strategic Rest of World markets such as Japan, South Korea and Europe. Even as we deliver an outsized share of the global box office, we estimate the current IMAX network is only at 47% penetration — with the opportunity to open nearly 2,000 additional locations worldwide.” We are strategically managing our content portfolio to drive greater share of Hollywood releases, grow local language, accelerate our pipeline of IMAX Documentaries, and push further into emerging verticals including music and gaming, live experiences and recurring programming.”
Or read this on Deadline
