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IMAX to roll out 40 new theatres across China, after boom in first-half box office income

IMAX China Holdings, the exclusive licensee of ultra-wide screen IMAX film technology in Greater China, will join forces with South Korean cinema chain CGV to provide 40 new theatres on the mainland, after IMAX theatres posted record first-half box office income in the country.More than half of the new theatres will adopt IMAX’s new laser projector technology, which provides brighter images and sharper resolution, according to Jim Athanasopoulos, chief financial officer of IMAX China, the Hong… Source link

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Vietnam 

Box – Sơn La mangoes exported to demanding markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The ceremony announcing the export of Sơn La mangoes to the US, the UK, Australia and China. — VNA/VNS Photo Nguyễn Cường SƠN LA Mangoes grown in Yên Châu District, the northern mountain province of Sơn La, began being exported to the US, UK, Australian and Chinese markets on Saturday. Speaking at a ceremony to announce the export of its speciality to the four key markets, provincial party secretary Hoàng Văn Chất said the event would help promote Sơn La mangoes in other markets around the world. This is the first time Sơn La mangoes have been exported to the…

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Singapore 

Well-dressed guy exits Mercedes to ‘beat up’ Audi hogging yellow box at Orchard Road, Singapore News

An Audi driver who stopped in a yellow box found his car at the centre of a Mercedes driver’s wrath. Facebook page Beh Chia Lor – Singapore Road posted a video of the road rage incident, which occurred at a junction outside ION Orchard on May 17, at around 6.30pm. In the video titled “Man vs. Car in yellow box”, an Audi can be seen blocking traffic after stopping in a yellow box at the busy junction. This led a man — dressed in a long-sleeved shirt, trousers and a…

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Singapore 

SingPost postman disciplined after parcel found crammed into letter box in Jalan Bahagia, Singapore News

SINGAPORE – SingPost has taken disciplinary action against a postman who crammed a Jalan Bahagia resident’s parcel into a letter box, damaging the packaging. The resident, Mr Song Chen Xi, sent a video of himself attempting to extract the parcel to citizen journalism website Stomp. The 40-year-old civil servant told The Straits Times that when he opened his mailbox at around 11am on Sunday (May 5), he was surprised to find the parcel squeezed inside it, along with other letters. As the parcel was wider than the mailbox cavity, he…

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Singapore 

Cement mixer truck hits electricity box in Serangoon, disrupting power supply to 21 homes, Singapore News

SINGAPORE – A cement mixer truck hit an electricity overground box in the Serangoon Garden area on Saturday afternoon (April 6), disrupting power supply to 21 households. The police and Singapore Civil Defence Force said they were alerted to the accident at 67 Blandford Drive towards Berwick Drive around 4.05pm. The driver, a 43-year-old man, was conscious when taken to Tan Tock Seng Hospital, said the police. A witness told The Straits Times that the driver managed to climb out of the truck, which was wedged between a tree and…

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China 

Slump in China’s box office is helping big cinema chains squeeze the air out of independent theatres, analysts say

The growth of China’s film market is likely to slow down further this year after a disappointing first quarter. But that could be good news for big cinema chains, according to analysts.China’s box office revenue plunged by 8 per cent year-on-year in the first three months to 18.6 billion yuan (US$2.8 billion), data compiled by movie ticketing platform Taopiaopiao shows.That suggests the industry could be facing another tough year ahead after a decade of exponential expansion ended abruptly four… Source link

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Global 

Central banks must turn to global financial crisis tool box to tackle the next recession, says Fed’s Rosengren

The United States’ central bank may have to dust off some of the tools that helped steer the economy through the global financial crisis a decade ago should another recession hit, Boston Federal Reserve Bank president Eric Rosengren said on Tuesday.With interest rates already low leaving limited room for cuts, the US Federal Reserve would likely have to turn to quantitative easing and other balance sheet tools to stimulate its economy, in the case of a downturn.“I dare say it is important for… Source link

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China’s box office takes world-record US$1.66 billion in February as Lunar New Year hits like The Wandering Earth pack cinemas

China’s box office receipts soared to a world-record 11.1 billion yuan (US$1.66 billion) in February as film fans flocked to cinemas to catch The Wandering Earth and other blockbusters during the Lunar New Year holiday.The sales figure, provided by Maoyan Entertainment, China’s biggest movie ticketing app, is the highest ever recorded in a single month anywhere, and beats the previous record of 10.1 billion yuan set by China in the same month a year earlier.It was well over three times the… Source link

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IMAX to show more Chinese-language films after sci-fi blockbuster The Wandering Earth sets box office record

IMAX, the Canadian company that patented wide-format film, is betting big on Chinese-language films after the sci-fi blockbuster The Wandering Earth generated record box office earnings for the provider of theatre systems on the mainland.Chief financial officer Patrick McClymont told the South China Morning Post in an exclusive interview that China will be able to accommodate 1,200 IMAX screens, nearly double its current number.“As the network continues to grow, it becomes much more about the… Source link

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Money 

Producers yank China’s most expensive movie from screens after three meagre days at the box office

The producers of Asura, the most expensive Chinese film ever made at 750 million yuan (US$112 million), decided to pull it from theatres on Sunday after a disastrous opening weekend when it only made 49.05 million yuan (US$7.3 million). The surprise announcement was posted on the film’s official Weibo account – the Chinese equivalent of Twitter – which did not give a specific reason for the decision. Instead the producers, Zhenjian Film Studio and Ningxia Film Group, said they wanted to extend their “deepest apologies to viewers who did not…

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