'We have a strong liquidity position and a flexible business model, so we can kind of maneuver and navigate changes in the exhibition landscape from that point of view,' says Natasha Fernandes at an investor event.
After a strong summer box office run, theater chains have been girding themselves for a slow down this fall amid a lack of studio tentpoles. And the disclosure that debt-laden Regal owner Cineworld is beginning Chapter 11 bankruptcy proceedings has ricocheted across the global theatrical industry.
has a longstanding, great partnership with them,” said Imax CFO Natasha Fernandes at the Bank of America Media, Communications and Entertainment Conference on Wednesday, when asked about Cineworld’s bankruptcy proceedings. The exec added: “We have a strong liquidity position and a flexible business model, so we can kind of maneuver and navigate changes in the exhibition landscape from that point of view.
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