Chinese movie industry screens business tragedy

IMAX China Holding

08/06/2022 03:34

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Pete Sweeney
    HONG KONG, June 8 (Reuters Breakingviews) - Box office
takings touched a 10-year low during the recent holiday weekend.
While China overtook the U.S. market during the pandemic, in
absolute terms it’s contracting, a trend reflected in share
prices for companies like IMAX China. The damage could be
permanent.
    Full view will be published shortly.
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    CONTEXT NEWS
    - Cinema box office sales in China during the Dragon Boat
Festival holiday weekend that began on June 2 hit a 10-year low,
domestic entertainment website Maoyan reported. 

 (Editing by Antony Currie and Katrina Hamlin)
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