"The Eight Hundred" Is a Hit for IMAX in China
Movie theaters in China are returning to normal, with the newly released film The Eight Hundred getting off to a strong start. The movie began preview screenings on Aug. 14, and since then has racked up $116 million in ticket sales. This could be good news for the upcoming blockbuster Tenet.
The Eight Hundred's early success is also good news for entertainment-technology company IMAX (NYSE: IMAX). It was shot entirely with IMAX cameras, which has helped the company capture a large percentage of overall ticket sales.
Unlike the crowd in the picture, movie theaters in China are still limited to 50% capacity. Image source: Getty Images.
Source Fool.com
