The Odyssey China Debut Hits $13.2M IMAX Opening, 45% of Nationwide Box Office
IMAX has more than doubled off its 52-week low of $25.06.
Summary
The Odyssey's China opening weekend delivered RMB 90M/USD 13.2M in IMAX, capturing 45% of the nationwide box office on less than 1% of screens. Including previews, IMAX China has grossed RMB 132.3M/USD 19.4M, or 53% of the film's China total. This pushes the film's worldwide IMAX gross to $345M, extending its record as the highest-grossing IMAX release ever. The results also lifted IMAX China to its highest-grossing August ever at RMB 263M through the weekend, with record preview occupancy of 94%. The strong China performance follows the film's record global opening in July and IMAX's highest-grossing month ever, reinforcing the box office momentum that drove Q2 revenue 12% higher year-over-year. The film's run continues through at least mid-September, providing further upside to IMAX's current quarter.
Updates
· BusinessWire — IMAX's global weekend reached $47M, and The Odyssey's cumulative IMAX gross rose to $346.4M.
At the time of this announcement, IMAX was trading at $53.04 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $25.06 to $54.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.