IMAX Crosses $100 Million in Global Box Office with James Cameron's "Avatar: The Way of Water"

Rhea-AI Summary

IMAX Corporation reported that "Avatar: The Way of Water" has achieved $105.5 million in global box office receipts, marking the fastest film to surpass $100 million in IMAX since April 2019. The film accounts for 11.4% of its global gross, making it one of the top ten all-time IMAX releases. In China, it brought in $26.5 million, representing 25.5% of total grosses on just 1% of screens. The film is performing exceptionally well internationally, with a gross of $67.5 million outside North America, solidifying its position as the highest-grossing IMAX title in several countries.

Positive

• Achieved a global box office of $105.5 million in less than two weeks.
• Fastest film to reach $100 million in IMAX since April 2019.
• 11.4% of 'Avatar: The Way of Water's global gross comes from IMAX.
• The film has grossed $67.5 million internationally, making it the highest-grossing IMAX release in multiple countries.

Negative

• Only 1% of screens contributed to 25.5% of total grosses in China, indicating limited distribution.

With $105.5 Million in IMAX Global Box Office, Stunning Sci-Fi Sequel Becomes Fastest Film to Top $100 Million in IMAX Box Office Receipts since 2019

NEW YORK, Dec. 27, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that Disney/Lightstorm's "Avatar: The Way of Water" has now earned $105.5 million in IMAX global box office in less than two weeks — the fastest film to hit the $100 million mark in IMAX since April 2019. James Cameron's epic sci-fi sequel is only the ninth film in IMAX history to exceed $100 million in global box office. To date, IMAX has accounted for 11.4% of the film's global gross on only a fraction of its total screens.

With its strong international performance, "Avatar: The Way of Water" also now stands as the fifth highest international box office performance ever for an IMAX release, and the film is already a top-ten all-time IMAX release in 47 countries worldwide. IMAX continues to dominate box office for "Avatar: The Way of Water" in China, where the Company has delivered $26.5 million in box office receipts for the film — good for 25.5% of total grosses in China on only 1% of screens.

"'Avatar: The Way of Water' is showing the strong endurance at the global box office we expected, particularly with its phenomenal performance internationally where several key markets grew their grosses over opening weekend," said Rich Gelfond, CEO of IMAX. "In just over a week of release, 'Avatar: The Way of Water' has sailed to more than $100 million in IMAX box office with no signs of slowing down, as our screens remain the destination of choice to experience this one-of-a-kind film."

Through Monday, "Avatar: The Way of Water" had grossed $38 million in IMAX in the Domestic market, with IMAX claiming 14% of North American grosses in its second weekend despite winter weather blanketing much of the United States. Internationally, the film has grossed $67.5 million, and it is already the highest grossing IMAX release of all time in markets including France, Indonesia, and Turkey among others.

"Avatar: The Way of Water" will screen across IMAX locations in most global markets through January. The film debuted with the widest IMAX global release of all time across 1,543 screens and is available exclusively in IMAX 3D in IMAX locations worldwide.

About IMAX Corporation

IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theaters to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.  Streaming technology company SSIMWAVE, an IMAX subsidiary, is a leader in AI-driven video quality solutions for media and entertainment companies.

IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of September 30, 2022, there were 1,703 IMAX theater systems (1,622 commercial multiplexes, 12 commercial destinations, 69 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970."  

IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos®, SSIMWAVE® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com. You may also connect with IMAX on Instagram (www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax), YouTube (www.youtube.com/imaxmovies) and LinkedIn (www.linkedin.com/imax).

For additional information please contact:

Investors: IMAX Corporation, New York Jennifer Horsley 212-821-0154 jhorsley@imax.com

Media:  IMAX Corporation, New York Mark Jafar 212-821-0102 mjafar@imax.com

 

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SOURCE IMAX Corporation

FAQ

What is the total global box office for IMAX's Avatar: The Way of Water?

As of December 27, 2022, Avatar: The Way of Water has earned $105.5 million in global box office receipts in IMAX.

How quickly did Avatar: The Way of Water surpass $100 million in IMAX box office?

Avatar: The Way of Water became the fastest film to surpass $100 million in IMAX box office, achieving this milestone in less than two weeks.

What percentage of Avatar: The Way of Water's global gross is from IMAX?

IMAX accounted for 11.4% of Avatar: The Way of Water's global gross.

How much did Avatar: The Way of Water earn in China through IMAX?

In China, Avatar: The Way of Water grossed $26.5 million, representing 25.5% of the total grosses from just 1% of screens.

What were the international earnings for Avatar: The Way of Water in IMAX?

Internationally, Avatar: The Way of Water grossed $67.5 million in IMAX.