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Janet Yang Joins Imax China as Company Profits Stage Post-COVID Rebound
Post-COVID profits rebounded at Imax China as the board gained two members, including AMPAS president Janet Yang.
Janet Yang, the Los Angeles-based producer and president of the Academy of Motion Pictures Arts and Sciences, has been appointed as an independent non-executive director to the board of Imax China, a subsidiary of premium large format cinema company Imax that has its own share listing on the Hong Kong Stock Exchange. “As a result of the financial difficulties faced by certain of the Group’s exhibitor customers, 2023 saw 14 theater closures within the Imax theatre network in Greater China,” the company said. Following Wednesday’s results, the company’s shares dropped 10% to HK$6.65 apiece, giving a market capitalization of HK2.26 billion ($286 million).
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