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Articles

Imax Corp. reports robust Q3 earnings, outpacing S&P 500

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By Imax Corp
| Investing.com
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Imax Corp., the entertainment technology company, reported a significant third-quarter earnings boost, surpassing estimates and outperforming the 's gains this year. The company's shares saw a premarket increase of 2%, contributing to a surge of 24.8% in 2023, which markedly surpassed the S&P 500's 10.6% gain.
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Shares of AMC Theaters fall after owner Wanda Group sells stake in Chinese film business

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By Trey Williams, Imax Corp, Marcus Corp
| MarketWatch Verified
Shares of theater chain AMC Entertainment Holding Inc. AMC, -4.30% were down 6% on relatively light volume during premarket trade on Tuesday after owner Dalian Wanda Group said on Monday that it was selling a $1.2 billion stake in its Chinese cinema business to Alibaba Group Holding Ltd. BABA, -3.62% and a government-backed firm in order to pay down debt. Adding pressure to shares is a broader market sell off that saw historic losses on Monday.
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Lagging 2017 movie receipts put Hollywood on the defensive for 2018

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By Trey Williams, Imax Corp, Marcus Corp, Cineworld PLC
| MarketWatch Verified
When we look back on 2017, it may become the most important year for the box office in recent history, according to media analyst Paul Dergarabedian. This year’s Hollywood box office will likely be about 3% below last year’s record-breaking gross. As of Friday, the overall box office had racked up $10.8 billion, compared with $11.1 billion in 2016 and $10.9 billion in 2015 at the same point.
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