'Dark Knight' to the rescue for Imax



Warner Bros.' "The Dark Knight" helped giant-screen exhibitor Imax trim its third-quarter loss Thursday.


Toronto-based Imax posted a loss of $2.1 million during the quarter to Sept. 30, against a loss of $7.3 million in 2007.


Revenue jumped 13.2% to $33.5 million, against a year-earlier $29.6 million. Film revenue at $13 million, compared with $9.5 million last year, offset systems revenue that slipped to $14.1 million, against $14.9 million in 2007.


Imax's bottom line was dented by higher equipment and interest costs as the exhibitor rolled out its digital projection systems.

Comments

Want to comment on this? First, you must log in to your SideReel account!