Blink49 Studios To Adapt ‘Things To Do When It’s Raining’
24.02.2022 - 01:29 / variety.com
Brent Lang Executive Editor of Film and MediaImax has continued to dig out from a global pandemic that devastated the theatrical movie business, posting its best quarterly results since COVID-19 became a facet of daily life. At the same time, the big screen company made it clear that it is setting its horizons behind the latest new releases, talking up the opportunities it sees in launching special events with filmmakers and musical artists.Revenue at the company topped out at $108.6 million, a 94% year-over-year improvement, while the company reported earnings of 17 cents a share compared with a year-ago loss of 36 cents.
Imax also reported net income of $10.1 million, compared to the $21.2 million in losses that it logged roughly a year ago. Those figures topped Wall Street’s projections, which sent shares climbing more than 7 percent in after-hours trading.
Imax was bolstered by some popular big screen successes, notably “Spider-Man: No Way Home,” which beat the pandemic odds to become one of the most popular film releases in history. But the company has also worked to widen its array of offerings during the end of 2021.
In December, Imax teamed with Amazon Music to stream a Kanye West and Drake concert to several of its North American venues and also offered up a one-night only screening of Joel Coen’s “The Tragedy of Macbeth,” along with a Q&A with the director and star Frances McDormand that streamed from its Lincoln Square location to 22 theaters worldwide. Imax also screened Peter Jackson’s acclaimed Disney Plus documentary, “The Beatles: Get Back” complete with an interview with the filmmaker.On a call with analysts, Imax CEO Richard Gelfond said that live events similar to what Imax pulled off with Drake and
.Blink49 Studios To Adapt ‘Things To Do When It’s Raining’
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