IMAX Swings to Another Super Animated Opening With $20 Million Global Debut for "Spider-Man: Across the Spider-Verse"

Rhea-AI Summary

IMAX Corporation's global box office debut for Sony Pictures' 'Spider-Man: Across the Spider-Verse' reached $20 million, making it the second biggest animated opening in IMAX history. The film earned $13.5 million in North America, accounting for 11.2% of the market, and $6.5 million overseas. IMAX continues to capitalize on the growing popularity of animation in the film industry.

Positive

• IMAX's global box office debut for 'Spider-Man: Across the Spider-Verse' reached $20 million, the second biggest animated opening in IMAX history.
• The film earned an impressive $13.5 million in North America, accounting for 11.2% of the market.
• IMAX continues to capitalize on the expanding demand for animated films, which have been performing exceptionally well in recent times.

Negative

• None.

Sony Pictures' Spidey Sequel Marks Another Strong Animated Opening for IMAX Led by Impressive $13.5 Million in North America — 11.2% of the Total Domestic Debut

NEW YORK, June 5, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) catapulted to a $20 million debut for Sony Pictures' "Spider-Man: Across the Spider-Verse" at the global box office this weekend. In a sign of the surging popularity of animation across the IMAX global network, the stellar sequel delivered the second biggest animated opening of all time in IMAX —missing the record set only two months ago by just $1 million.

Opening with an impressive $13.5 million in North America — good for 11.2% of the market — the highly anticipated animated sequel also scored $6.5 million oversees, including $2.7 million in China — 16.5% of the film's Chinese box office on only 1% of screens.

"'With 'Spider-Verse', the film's incredible creative team and Sony have created one of the most visually dazzling franchises in cinema, and we are excited to see audiences overwhelmingly choose IMAX to experience it," said Rich Gelfond, CEO of IMAX. "Both from Hollywood and thriving international film industries like Japan, animation has emerged as a powerful engine of growth for our global box office and we are focused on capitalizing on this opportunity as filmmakers continue to raise the bar for the genre."

"The incredible market share we've seen lately with animated films — in some cases double what we've historically averaged with animated releases — speaks to the expanding demand for IMAX with new audiences."

The success of "Spider-Man: Across the Spider-Verse" comes on the heels of the recent animated smash hit "The Super Mario Bros. Movie", which holds the title for the Company's highest grossing animated film of all time with a record-breaking $21.6 million debut.

"Spider-Man: Across the Spider-Verse" will continue its run on the IMAX network next week before making way for the next chapter in the "Transformers" franchise, titled "Transformers: Rise of the Beasts", which opens on June 9. Anticipated releases "The Flash", "Indiana Jones and the Dial of Destiny", "Mission: Impossible — Dead Reckoning Part 1", and Christopher Nolan's Filmed For IMAX release "Oppenheimer" also arrive on IMAX screens this summer.

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 systems to connect with audiences in extraordinary ways, making IMAX's network 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 March 31, 2023, there were 1,711 IMAX systems (1,631 commercial multiplexes, 12 commercial destinations, 68 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/company/imax).

For additional information please contact:

Investors:
Jennifer Horsley
jhorsley@imax.com 

Media:
Jane Collins
jcollins@imax.com

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SOURCE IMAX Corporation

FAQ

What is the global box office debut for 'Spider-Man: Across the Spider-Verse'?

The global box office debut for 'Spider-Man: Across the Spider-Verse' reached $20 million.

How much did the film earn in North America?

The film earned $13.5 million in North America, accounting for 11.2% of the market.

What is the significance of animation in the film industry?

Animation has become a powerful engine of growth for the global box office, with increasing demand and market share for animated films.