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Earnings Season Forecast: May Day Consumption: Travel Chain Quarterly Report takes the lead in “Good News”, and “Refreshing in Zi” is expected to be staged again
As the first five-day holiday after the Spring Festival, the May Day holiday has always been a “golden week” for travel and consumption. Looking back on the Qingming holiday, travel spending and movie box office data are all impressive.
IMAX CHINA (01970.HK) controlling shareholder IMAX Corporation's net profit attributable to common shareholders of $3.274,000 in the first quarter increased 33.41% year-on-year
IMAX CHINA (01970.HK) announced the controlling shareholder IMAX Corporation's results for the first quarter of 2024, with revenue of US$79.123 million, a year-on-year decrease of 9%; net profit attributable to common shareholders of US$3.274,000, an increase of 33.41% year on year; and net profit per share of US$0.06.
The industry's forecast for 11 movies to “compete on the same stage” is likely to surpass last year's box office of 1.3 billion
The “May Day” holiday is approaching, and the film market is booming again. A total of 11 movies have been scheduled for the May 1st edition, and the total box office (including pre-sale) of the series has exceeded 24.63 million yuan.
Changes in Hong Kong stocks | Huanxi Media (01003.HK) rose more than 18%, leading the film market continued to recover in the first quarter, and institutions are still optimistic about the subsequent schedule
Film and television stocks rallied higher. As of press release, Huanxi Media (01003.HK) rose 18.33% to HK$0.71; Ning Meng Film and Television (09857.HK) rose 3.31% to HK$8.43; Maogan Entertainment (01896.HK) rose 2.75% to HK$10.1; and IMAX China (01970.HK) rose 0.43% to HK$7.08.
IMAX and Bona Pictures Group expand cooperation to build 3 new laser theaters
Demand for movie viewing continues to grow. The two sides reached the first contract between Las Vegas and Shanghai after the pandemic, April 10, 2024/PRNewswire/ -- Bona Pictures Group (Shenzhen Stock Exchange: 001330) and IMAX Corporation (NYSE: IMAX), IMAX China (Hong Kong Stock Exchange: 1970) announced today that the two sides will further expand cooperation and build 3 new IMAX laser cinemas in China. The new cinema is expected to be officially opened to the public in 2026. This collaboration was held at the International Film Industry Fair CinemaC held in Las Vegas today
Express News | IMAX and Bona Pictures expand cooperation to set up three new IMAX cinemas in China
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