real-time news and commentary for investors
Wednesday, Oct 16
IMAX and China looks like a good mix
- IMAX (IMAX +1.6%) has exceeded expectations in China, according to a profile of the company in China Daily.
- A booming box office in China has kept IMAX in a growth mode in the country with a goal to have 550 or more theaters operating by the next few years.
- CEO Richard Gelfond expects China to contribute 25% to 30% to the company's top line in the next five years. He also teases that the company might enter new businesses in the region.