“The Amazing Spider-Man 2” — starring Andrew Garfield and Emma Stone, and already a hit overseas — had an impressive, if not spectacular, opening weekend in North America.
Big chains are adding large-format screens in an effort to find new ways to grow in the United States and Canada, where business has been softening for a decade.
After making an $80 million investment, China Media Capital and FountainVest Partners will help the unit, China Imax, complete a public offering.
The biblical epic directed by Darren Aronofsky raked in an estimated $44 million in domestic ticket sales over the weekend, including $6.2 million from giant Imax screens.
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Summit Entertainment’s film “Divergent” arrived to solid if not spectacular ticket sales at North American theaters, but it generated enough interest to introduce a major new series.
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Not only could competitors in China cut into its potential market share there, but Imax has charged in several courts that the Chinese system relies on technology that was blatantly stolen from its offices in Canada.
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Movies at the festival may take in even less at the domestic box office as digital-leaning distributors become the most active buyers.
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Sequels drove a solid year at the box office, as future-minded producers are planning new franchises.
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The second installment of the “Hunger Games” franchise set a November box-office record with its opening weekend in North America.
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In general, audiences in North America are drifting back to conventional theaters, despite exhibitors’ aggressive push to 3-D.
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A concert at Comic-Con in San Diego by the band is promoting a movie for Picturehouse, a distributor of art films that folded in 2008.
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ESPN’s move spurred a debate about whether anyone would be left watching in 3-D television soon, and whether anything would be available worth watching.
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Hollywood blockbusters appeared poised last year to take over China’s box office, but something unexpected happened on the way to the bank: demand tapered off sharply.
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