IMAX Scores Best October Ever At The Global Box Office With $100 Million And Counting

Rhea-AI Summary

IMAX Corporation achieved its best October performance, generating $100 million at the global box office, surpassing the previous $84 million record from 2013. This success was driven by the release of Dune, which earned $9 million in North America, accounting for 22.5% of the film's domestic total. The film debuted on 1,300 IMAX screens worldwide, contributing to IMAX's largest global October opening weekend with $17.8 million. IMAX is expected to maintain strong box office performance with upcoming releases like Eternals and Spider-Man: No Way Home.

Positive

• Achieved record October box office of $100 million.
• Dune contributed $29.2 million globally for IMAX.
• Dune's strong performance: 22.5% of its domestic total from IMAX.

Negative

• None.

NEW YORK, Oct. 25, 2021 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) set a new record for its best month of October ever with $100 million at the global box office — surpassing the previous record of $84 million set in 2013 with one weekend left on the calendar.

The record fell thanks to the stellar domestic debut of Academy Award-nominated filmmaker Denis Villeneuve's "Dune," which captured $9 million in North American IMAX theaters — good for an eye-popping 22.5% of the film's domestic total. The strong market share was IMAX's highest percentage of a $40 million-plus domestic release since 2017.

Filmed with IMAX cameras, Warner Bros./Legendary's "Dune" scored IMAX's biggest global October opening weekend ever — earning $17.8 million globally across the IMAX network for the weekend, an unprecedented 20% of the film's weekend total.

"We knew that once the flood gates opened with Hollywood blockbusters a rush of pent-up audience demand for moviegoing would follow, and our record-breaking results this October prove it," said Rich Gelfond, CEO of IMAX. "With 'Dune,' Denis Villeneuve has beautifully demonstrated the power of IMAX technology, and we're grateful for the opportunity to support his vision and share this film with the many fans worldwide seeking out the IMAX Experience."

"Dune" debuted on 1,300 IMAX screens in 36 countries and territories. The Company captured strong market share across key markets, including 23% of the film's overall box office in China, 19% in the UK, 18% in South Korea, and 30% in its two weeks of play in Japan. Strong holds in international markets that previously debuted the film suggest "Dune" will continue to play well across the network. To date, "Dune" has earned $29.2 million worldwide for the Company.

IMAX notched the new record on the strength of the most consistent pipeline of blockbuster tentpoles in nearly two years. The strong slate continues through the duration of 2021 and 2022.The final weekend of October will see "No Time to Die" make its debut in China while "Dune" continues its march in the IMAX global network in North America and around the world. Highly anticipated tentpole releases for the stretch run of 2021 include Disney/Marvel Studios' "Eternals," Sony's "Ghostbusters: Afterlife," and Sony's "Spider-Man: No Way Home."

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 June 30, 2021, there were 1,654 IMAX theater systems (1,569 commercial multiplexes, 12 commercial destinations, 73 institutional) operating in 85 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).

For additional information please contact:

Investors:   IMAX Corporation, New York Brett Harriss bharriss@imax.com

Media:    IMAX Corporation, New York Mark Jafar mjafar@imax.com

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SOURCE IMAX Corporation

FAQ

What record did IMAX set in October 2021?

IMAX set a new record for its best month of October ever with $100 million at the global box office.

Which film contributed to IMAX's October 2021 box office success?

The film Dune significantly contributed to IMAX's October success.

How much did Dune earn for IMAX in October 2021?

Dune earned $29.2 million globally for IMAX.

What percentage of Dune's domestic total did IMAX account for?

IMAX accounted for 22.5% of Dune's domestic total.