Imax Reports Revenue Down 92%, $26 Million Loss in Q2

Patrick Frater Asia Bureau ChiefChina Literature, which is both China’s leading online bookstore and owner of one of the country’s top TV producers, swung from profits of $55 million a year ago to net losses of $465 million in the six months to June.

Protesters stormed government buildings in Beirut on Saturday night to vent their anger at the authorities.

Huffington Post.

coronavirus devastated the live music sector.According to financial results for the quarter ending June 30, 2020, the touring giant posted a net revenue of $74.1 million – which is 98% lower than the $3.16 billion a year earlier – and an adjusted operating loss of $431.9 million.The company also held just 24 concerts in North America, compared to 7,213 in last year’s second quarter.In Europe, there was a total of just 131 concerts, down from 3,309 last year, attended by 41,000 fans.Live Nation

LiveNation has reported that revenue for the year to date is down 98%.

Hobbled by the lack of live concerts due to the pandemic, Live Nation on Wednesday reported an operating loss of $588.1 million for its second quarter.Revenue for the three months ending June 30 totaled just $74.1 million, a 97% drop from the $3.2 billion in revenue the company recorded during the same quarter last year.Concert revenue was down 95% year-over-year, coming in at $141.8 million, compared to $2.6 billion last year.

The coronavirus pandemic has shut down concerts across the world, amounting to hundreds of millions of dollars in losses for promoter Live Nation last quarter. The touring giant posted an adjusted operating loss of $431.9 million on net revenue of $74.1 million in the second quarter of 2020 -- the first full reporting period of the pandemic. The concerts division’s $141.8

Princess Diana, one of the most influential style icons of the 20th century, was known for wearing a lot of classic designer brands, from Jimmy Choo to Christian Dior. But there was one fashion house she avoided after her very public divorce from Prince Charles.According to designer Jayson Brundson, who spoke with Harper’s Bazaar Australia about working with Diana in 1996, Diana couldn’t bring herself to wear Chanel because of the label’s iconic double C logo.

just revealed a tidbit about what was going through Diana's mind after she and Charles split, and it's so heartbreaking. In speaking with designer Jayson Brundson, who worked with the royal in 1996, HB revealed that Diana wouldn't wear the Chanel logo because it reminded her too much of .

One of the Lake District's most recognisable boutique hotels is set to undergo a multi-million pound transformation to become a luxury spa resort.The Swan Hotel in Newby Bridge, close to Lake Windermere, has secured a £7m investment.The money will see the four-star hotel extended to include an extra 30 bedrooms, as well as luxury spa facilities.Located just over an hour from Greater Manchester, it's one of the more easily-accessed staycation spots in the Lake District.The Cumbrian hotel will

Jill Goldsmith Co-Business EditorShares of Walt Disney, which closed down 0.76%, got knocked around a bit in late trading on news that the studio is yanking Mulan’s August release date and is postponing Star Wars and Avatar pics.

Todd Spangler NY Digital EditorAT&T said sales for the second quarter of 2020 were lower across all of its segments because of the coronavirus pandemic. That included a 22.9% plunge in WarnerMedia revenue, which the telco said was partly due to lower content and ad sales related to COVID-19.WarnerMedia’s Q2 2020 operating revenue was $6.8 billion, down 22.9% year over year, with segment operating income contribution of $1.9 billion, down 18.4% versus the year-ago quarter.

Kanye West's comments over the past few weeks, particularly during his South Carolina campaign rally yesterday, are reportedly having a damaging effect on his relationship with Kim Kardashian, according to People."Things have broken down significantly between the two of them, and it’s happened pretty suddenly," People's source said.Kardashian is said to be furious and shocked by West's comments about North West from his South Carolina rally yesterday.

Diana Pinto, honored her late boyfriend, one week after Lisa Marie Presley‘s son died by suicide at the age of 27.“To the most beautiful boy I have ever seen. You make everyone around you light up the second you step into the room,” Pinto wrote via Instagram on Sunday, July 19.

We won’t be getting to see Tenet for a long time.

Over the past year, we have written dozens of articles about Christopher Nolan’s “Tenet.” And though the film itself would have been written about quite a bit and definitely among our most anticipated of the year, the bulk of the discussion surrounding the action picture is the release date. More precisely, the discussion is about Warner Bros.’ continuing efforts to push for a summer release when the world is still reeling from the effects of COVID-19.