Brent Lang Executive Editor of Film and MediaMarvel movies like “Black Widow” and “Shang-Chi and the Legend of the Ten Rings” and populist crowd-pleasers like “Free Guy” propelled Imax to its best quarter since COVID-19 altered the landscape of the movie business.
Revenues for the three-month period ending on September 30, surged 51.9% to $56.6 million. That compared favorably to the $37.3 million in revenue that Imax reported in the year-ago period.
Imax didn’t make a profit during the quarter, but its losses shrank, coming in at $8.4 million compared to the $47.2 million in losses that the big screen company logged in the year-ago period.
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