IMAX global box office surges 73% to $728 million this summer

  • IMAX reported $728 million in global box-office revenue this summer.
  • 73% was the increase over IMAX’s previous summer box-office record.
  • IMAX projects $1.4 billion in global box-office revenue this year.

IMAX Corporation said Tuesday that its global box-office revenue reached $728 million this summer, 73% above its previous summer record. The result extends the company’s post-pandemic recovery, with its stock up nearly 70% over the past 12 months and nearly 250% since September 2021. IMAX projects $1.4 billion in global box-office revenue this year, supported by films including “Resident Evil,” “Digger,” “Street Fighter,” “Godzilla Minus Zero,” “The Further Mis-Adventures of Cliff Booth” and “Dune: Part Three.” The latter is not scheduled for release until December but has already posted some of IMAX’s highest presales. Christopher Nolan’s “The Odyssey,” starring Matt Damon, Tom Holland and Anne Hathaway, became the first feature film shot entirely with 70mm IMAX film cameras, rather than using the format only for selected sequences. The film’s presentation helped demonstrate that post-pandemic audiences remain willing to return to theaters for distinctive experiences, even as they become more selective about what they watch. No other director has committed to shooting an entire feature on 70mm IMAX film, although Denis Villeneuve, Ryan Coogler and J.J. Abrams are using quieter IMAX cameras developed for “The Odyssey” in significant portions of upcoming films. The broader U.S. summer box office also set a record, reaching $4.76 billion from Memorial Day through Labor Day weekend, surpassing the 2013 mark of $4.75 billion and 2019’s $4.3 billion. “Spider-Man: Brand New Day” led the domestic market with $924 million so far, while “Toy Story 5,” “The Odyssey,” “Backrooms” and “Obsession” contributed to the recovery. It was only the second post-pandemic summer to exceed $4 billion and the first in which May, June, July and August each surpassed $1 billion.

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