IMAX Scares Up Biggest Domestic Opening Weekend Since 2019 With Monster $5.3 Million Haul For "A Quiet Place Part II"

Rhea-AI Summary

IMAX (NYSE: IMAX) reported a robust domestic opening weekend of $5.3 million for 'A Quiet Place Part II' across 361 screens, marking its largest opening since the pandemic began. This accounted for 9% of the film's box office despite IMAX only operating on less than 3% of total screens. Social distancing measures limited capacity to 40% in major U.S. markets like New York and California. Globally, the film earned $6.1 million, with IMAX generating $9.5 million worldwide, boosted by Universal's 'F9'. CEO Rich Gelfond emphasized this as a significant momentum shift for the box office.

Positive

• IMAX had a strong opening weekend of $5.3 million for 'A Quiet Place Part II', its largest since the pandemic.
• The company captured 9% of the film's domestic box office with only 3% of total screens.
• Global revenue from 'A Quiet Place Part II' was $6.1 million, with IMAX contributing $9.5 million from its network.

Negative

• Social distancing measures limited IMAX theater capacity to 40% in key markets like New York City and Los Angeles.

NEW YORK, May 31, 2021 /PRNewswire/ -- The summer blockbuster season roared to life in the U.S., as IMAX (NYSE: IMAX) delivered a monster $5.3 domestic opening weekend for "A Quiet Place Part II" on 361 screens. Despite accounting for less than 3% of total screens, IMAX captured 9% of the film's domestic box office as the Company delivered its biggest opening weekend of the pandemic era.

Reported overall box office for "A Quiet Place Part II" exceeded the opening weekend for the original film — a remarkable result made even more impressive given that social distancing measures remain in place across key markets. For instance, even though New York and California have eased capacity limitations in theaters, social distancing guidelines currently limit capacity to a maximum of 40% in IMAX theaters in New York City and Los Angeles.

"'A Quiet Place Part II' is the first domestic release this year to cross the threshold from 'great opening weekend given the pandemic' to 'great opening weekend, period' — offering undeniable proof that the domestic box office is back" said Rich Gelfond, CEO of IMAX. "The film's stellar results give the box office a strong jolt of momentum heading into the summer, and the many blockbusters that held out for an exclusive theatrical release stand to benefit."

Globally, "A Quiet Place Part II" earned a total of $6.1 million in markets as it opened in additional select markets internationally, including China. IMAX delivered $9.5 million in box office across its entire global network for the weekend, buoyed by an additional $2.8 million in receipts from Universal's "F9" in China.

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. 

IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of December 31, 2020, there were 1,650 IMAX theater systems (1,562 commercial multiplexes, 12 commercial destinations, 76 institutional) operating in 84 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®, IMAX nXos® 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. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Instagram (https://www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).

CONTACT
Media:	Investors:
Mark Jafar	Brett Harriss
mjafar@imax.com	bharris@imax.com

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SOURCE IMAX Corporation

FAQ

What was IMAX's domestic box office for 'A Quiet Place Part II'?

IMAX reported a domestic box office of $5.3 million for 'A Quiet Place Part II'.

How much of the box office did IMAX capture for 'A Quiet Place Part II'?

IMAX captured 9% of the film's domestic box office.

What are the global earnings for 'A Quiet Place Part II'?

Globally, 'A Quiet Place Part II' earned $6.1 million.

How much did IMAX earn globally during the opening weekend?

IMAX earned $9.5 million globally during the opening weekend.

What capacity limitations did IMAX theaters face?

IMAX theaters faced a capacity limitation of 40% due to social distancing guidelines.