Nolan's Odyssey Delivers Record $48M Second Weekend for IMAX, Down Only 8%
IMAX sits 81% above its 52-week low of $24.2.
Summary
The Odyssey's second weekend IMAX box office hit $48M globally, down just 8% from its record opening, defying typical blockbuster drops. Domestic IMAX earned $24M from 443 screens (27.7% market share), while international grew 7% to $24M, with EMEA posting its biggest IMAX weekend ever. The film has already generated $140M in IMAX box office, 21.9% of its global total, and set weekday records. IMAX 70mm Film locations averaged $126K per screen this weekend, with sellouts into September. This follows the record opening weekend reported July 20 and the strong Q2 earnings beat on July 23, reinforcing the thesis that premium formats are capturing disproportionate box office share. Upcoming releases in South Korea (Aug 5), China (Aug 14), and Japan (Sep 11) provide clear near-term catalysts for further IMAX revenue.
At the time of this announcement, IMAX was trading at $43.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $24.20 to $45.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.