The Odyssey Hits $289M, Becomes IMAX's Highest-Grossing Film Ever
IMAX has more than doubled off its 52-week low of $24.2.
Summary
Christopher Nolan's The Odyssey has shattered IMAX's all-time box office record, reaching $289 million globally in under a month. This surpasses the previous record and comes with a month of play still ahead, including upcoming debuts in China and Japan. The film delivered a fourth straight $50M+ weekend—a first for IMAX—and set new domestic and South Korean opening records. With nearly $40M in pre-sales and sellouts weeks in advance, the revenue tail is substantial. This follows IMAX's record July ($257M) and a strong Q2, reinforcing the CEO's expectation of the best year ever at the global box office. The performance directly boosts IMAX's box office revenue and system utilization, a key driver for the stock near its 52-week high.
At the time of this announcement, IMAX was trading at $49.06 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $24.20 to $51.60. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.