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Lars Niki/Getty Images for IMAX The giant-screen exhibitor, led by Richard Gelfond, got a boost from local Japanese titles like Demon Slayer and Shin Evangelion. Giant-screen exhibitor Imax posted higher first-quarter revenues as it was lifted by a recovery in the Asian box office. The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic. Despite the hit to North American movie theaters from the COVID-19 crisis with theater closures and capacity restrictions, Imax has seen strong box office performance for local titles, mainly in China, Korea and Japan as the Asian market reopened. Imax posted an adjusted loss per share of 25 cents, compared with a loss of 48 cents per share in 2020. Analysts had forecast a per-share loss of 26 cents. ....
Photograph courtesy of Patrick Chung Bill Gates ’77, LL.D. ’07, and Mark Zuckerberg ’06, LL.D. ’17, famously created their companies, now Microsoft and Facebook, as undergraduates. And then they took their ideas, and the resulting riches accruing to two of the planet’s most financially successful companies, to the West Coast. Will successor generations of world-changing enterprises come from Harvard and if so, how will they be funded and developed, and what role will the University play? Those questions are addressed in part by the existence of facilitating programs, like the Allston-based iLab and the Technology and Entrepreneurship Center (TECH) embedded in the School of Engineering and Applied Sciences (SEAS). And, perhaps surprisingly, they are also addressed by a venture-capital fund, with an East Coast office in Harvard Student Agencies (HSA) and advisers that include SEAS faculty members and, ex officio, the school’s dean, the iLab director, the student pres ....