IMAX China announces a loss of $34-36 Million during the first half of 2020 due to pandemic

All the theatres globally have been closed in a major part of the first half of the year and that has given the industry huge losses. IMAX China has recently shared that they faced a net loss of $34 – $36 million in the first half of 2020. Interestingly, in the same period last year, IMAX Cinemas had gained profits of $24 million. But due to its 700 properties being shut down this year so far, it had to deal with heavy losses.