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IMAX Shares Soar on The Odyssey's Box Office Smash
28 Jul
Summary
- The Odyssey generated $48 million in its second weekend at IMAX theaters globally.
- This marks IMAX's highest-grossing second weekend for any film released.
- The film has amassed $140 million in global IMAX box office sales to date.
IMAX (NYSE: IMAX) experienced a significant boost in its share price on Monday, driven by the exceptional performance of Christopher Nolan's "The Odyssey." The epic film generated $48 million worldwide in IMAX ticket sales during its second week of release.
This achievement positions "The Odyssey" as the highest-grossing film for an IMAX second weekend and ranks third all-time for any IMAX weekend. In just two weeks, the movie has earned $140 million in global IMAX box office revenue.
IMAX CEO Rich Gelfond described the film's popularity on the massive screens as "staggering." He highlighted that the acclaimed director has created a masterpiece that encourages repeat viewings and introduces new fans to the IMAX experience, positively impacting the brand and business.
The film's success is drawing both seasoned IMAX patrons and first-time visitors to the format, fueling investor confidence in IMAX's future prospects.
