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Sunday, July 14, 2024

IMAX Delivers Best July Ever With $176.2 Million

IMAX Corporation (NYSE: IMAX) recently announced it delivered $176.2 million* at the global box office in July – marking the Company’s highest grossing month of July in history. The figure surpassed the previous highwater mark, set in 2019, by a whopping $52.1 million.

The record-breaking performance was fueled by Christopher Nolan’s Oppenheimer, which has already grossed more than $86 million across the IMAX global network with weeks left in its initial IMAX run. Shot with IMAX film cameras, Universal Pictures’ Oppenheimer delivered the biggest IMAX July opening weekend of all time and the Company’s biggest share ever of a film’s global opening weekend box office, with 20 percent of total receipts. Oppenheimer continues to drive extraordinary results for IMAX, which took in an additional $4.1 million with the film on Monday – including 32 percent of its domestic box office.

“Our best July ever is just the latest in a long line of IMAX company records that have fallen in 2023 – from our highest grossing first quarter ever, to our all-time biggest local language release, to our best-ever opening weekend market share with Oppenheimer,” said Rich Gelfond of IMAX. “The fact that IMAX is having a year on par with its best ever at the global box office – despite only one movie hitting the $1 billion mark to date – speaks volumes on our surging market share and the strength of our diversified global content portfolio.”

Last month was the highest grossing month of July ever for IMAX worldwide, in North America, and in China, where Maoyan’s Creation of the Gods: Kingdom of Storms 1 has earned $20.1 million to date for the Company. The film debuted July 20 to an $8.6 million opening weekend in IMAX an IMAX-record 16.6 percent of the debut for a local release and IMAX’s biggest ever summer opening weekend for a Chinese film.

IMAX has extended its global run of Oppenheimer an additional week through August 17, with plans to schedule IMAX showtimes of Oppenheimer through late summer and fall. Oppenheimer debuted in IMAX in China on August 30th.

Written and directed by Christopher Nolan, Oppenheimer was shot in IMAX 65mm and 65mm large-format film photography including, for the first time, portions in IMAX black and white analogue photography.

*Excluding booking fees, IMAX July GBO is $170.2 million.


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