IMAX China Issues Profit Warning: Losses Up To $36M Expected Due To COVID Shutdown

Lost actor Daniel Dae Kim (nearly £40,000) towards a star on the Hollywood Walk of Fame for prolific Asian-American actor James Hong.Hong, now 91, has appeared in well over 600 credited roles in a career spanning nearly 70 years.Most famously, he's starred in movies like Chinatown, Big Trouble In Little China, Blade Runner and Airplane!He's also had prominent voice roles in the likes of the Kung Fu Panda movies (playing Po's father Mr.

Donald Trump issued an executive order regarding TikTok on Thursday, barring transactions with parent company ByteDance if they don't sell the app in 45 days, according to The Hollywood Reporter. With over 100 million users in the U.S., the video-sharing platform has come under fire over user data privacy and security concerns.

Patrick Frater Asia Bureau ChiefU.S. President Donald Trump has issued executive orders banning transactions with two leading Chinese apps; controversial video sharing app TikTok; and WeChat, one of the world’s most popular social media platforms.The separate orders, citing national security concerns, were published late Thursday and take effect in 45 days.

on Sunday that it was in conversations with the company about acquiring TikTok's operations in the U.S., Canada, Australia and New Zealand.TikTok, which has more than 100 million users in the U.S., has drawn scrutiny because of its Chinese owner. The Trump administration has worried that, through ByteDance, the personal data of U.S.

Universal'sDolittletopped China's box office for a second week as the country's cinemas continued their tentative reopening following the novel coronavirus shutdown.

China’s theatrical box office would overtake that of North America.That scenario hasn’t happened yet. Last year, China’s box office growth slowed to a pedestrian 5% and reached a $9 billion total, according to the Motion Picture Association.

Nancy Tartaglione International Box Office Editor/Senior ContributorWith some of China’s cinemas reopened this week in low-risk areas, and as tomorrow sees Beijing get partially back to business as well, box office has continued to rise. As of 11:30PM tonight local time, Thursday’s takings hit $940K, according to ticketing service Maoyan.

Rebecca Davis editorA trio of Hollywood titles previously approved for China announced Thursday that they are set to hit the big screen now that cinemas are kicking back into gear.“Harry Potter and the Sorcerer’s Stone,” in 3D and 4K restorations, will screen in China starting Aug. 14 to celebrate the 20th anniversary of the franchise.

Rebecca Davis editorImax China, the Hong Kong-listed subsidiary of Imax, has warned that it expects a net loss between $34 and $36 million for the first half of the year, as cinema closures in the country due to COVID-19 have slammed exhibition firms. The 2020 figures stand in contrast to a net profit of $24 million in the same period last year.

Nancy Tartaglione International Box Office Editor/Senior ContributorAs expected, Chinese authorities have given the go-ahead for cinemas in Beijing to reopen this coming Friday. That’s also when the first new Hollywood titles will hit the market, including Dolittle and Bloodshot.

Nancy Tartaglione International Box Office Editor/Senior ContributorEXCLUSIVE: Lots of movement on the international box office front this past weekend, and into the beginning of the week. Korean zombie sequel Peninsula, as we reported Sunday, made a meal of five overseas markets with a $21M Wednesday-Sunday frame.

Nancy Tartaglione International Box Office Editor/Senior ContributorAs Chinese cinemas began the reopening process today, box office crossed $472K by 8PM local. Maoyan’s real-time ticketing platform reports that play is led by new entry A First Farewell at around $184K.

It’s true. After months of lockdown and at least one failed reopening attempt, some cinemas in China are expected to reopen later this month.

As cinemas in China look to reopen on Monday amid the novel coronavirus pandemic, Imax Corp. has signed a 20-theater deal with Chinese industry giant Wanda Film Co.