The company attributed the decline to a slowdown in growth at the Chinese box office and spending on new theater installations. Imax China reported Friday that adjusted profit for 2016 totaled $37.6 million, down 13 percent from 2015.
Category: Imax
Donald Trump Who? Imax Ceo Still Bullish on China
Shares of IMAX were higher in early afternoon trading on Friday, after the company announced a deal with Regal today to expand its presence in the U.S., while maintaining its strong footing in China. With talk of potential trade wars between China and the U.S. under President-elect Donald Trump, some people are worried about what that will mean for IMAX.