New Delhi, Feb. 16 -- US-based large-screen film theatre maker IMAX has seen its India box-office collection decline by 36% in 2024, with Hollywood and local language films together delivering just $14.7 million in earnings.
In 2023, IMAX theatres earned $23 million.
While the Hollywood line-up lacked big tentpole releases, as the writers' and actors' strike in 2023 over minimum pay and safeguards against artificial intelligence led to a delay in several big titles, local language hits were few in number, restricted to the likes of Allu Arjun-starrer Pushpa 2: The Rule and mythological science fiction epic Kalki 2898 AD.
Also, IMAX is losing business given the standoff between multiplex chains and southern film producers over OTT windo...
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