IMAX has pacted with India's PVR for five theaters to be located in Delhi and other major metropolitan hubs around the country. The auditoriums will be in a combination of new and existing complexes slated to begin opening this year. This ups PVR's IMAX commitment to 10. The company currently operates a cinema circuit of 579 screens at 126 properties in 50 cities with four IMAX screens in Mumbai, Bengaluru and Noida.
The success of films led by Fifty Shades Darker, Get Out, Split, and Sing helped to overcome sagging cable TV network ad sales in Comcast’s Q1 as it exceeded analyst expectations on both the top and bottom lines.
The stock price is up about 3.9% in pre-market trading.
The cable and entertainment giant generated $2.57 billion in net income, up 20.2% vs the period last year, on revenues of $20.46 billion, up 8.9%.