"Avatar: The Way of Water" Now Among Top Three IMAX Releases of All Time with $215 Million in IMAX Global Box Office

Rhea-AI Summary

IMAX Corporation has reported that Avatar: The Way of Water has become the highest-grossing IMAX film of all time in 44 countries, generating over $215 million in global box office revenue within its first month. It ranks as the third highest IMAX release ever, with $139.3 million earned internationally and $75.7 million in North America. The film's success accounts for 11.2% of its global box office, demonstrating strong performance across diverse markets such as South Korea, France, and India. Notably, IMAX screens in China have contributed $47.6 million to the total, representing 23% of China's box office.

Positive

• Avatar: The Way of Water generated over $215 million in IMAX global box office revenue.
• The film ranks as the third highest-grossing IMAX release ever.
• IMAX accounts for 11.2% of the film’s total global box office on limited screens.
• Strong international earnings of $139.3 million in various markets.
• IMAX screens in China generated $47.6 million, contributing to 23% of the local box office.

Negative

• None.

James Cameron's Epic Sequel Stands as Highest Grossing IMAX Release of All Time in Record-Breaking 44 Countries Worldwide through its First Month of Release

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that Disney/Lightstorm's "Avatar: The Way of Water" is now the third highest grossing IMAX release of all time with more than $215 million in IMAX global box office through Monday in its first full month of release.

With several weeks to go in its IMAX engagement, James Cameron's groundbreaking global cinema event stands as the highest grossing IMAX release of all time in 44 countries and territories worldwide — claiming the top spot in more individual markets than any release in IMAX history. IMAX has accounted for 11.2% of the film's global box office on only a fraction of total screens.

"'Avatar: The Way of Water' is a global cultural event that is so special in IMAX, and we are making the most of that opportunity — driving record-breaking results across a diverse collection of markets from France to India to South Korea and far beyond," said Rich Gelfond, CEO of IMAX. "'Avatar: The Way of Water' continues to play like so many James Cameron megahits before it, connecting with audiences across a wide swath of cultures with remarkable staying power at the box office."

"Avatar: The Way of Water" has earned $139.3 million in international markets through Monday. The film is the highest grossing IMAX release of all time in 44 markets worldwide including South Korea, France, Germany, Mexico, Italy, India, UAE, Switzerland, Finland, Denmark, Norway, Ukraine, Austria, Belgium, Turkey, Argentina, Malaysia, Indonesia, Chile, Singapore, Thailand, and Colombia. 

Through Monday, "Avatar: The Way of Water" has earned $75.7 million on IMAX screens in North America — the third highest IMAX Domestic box office performance ever.

"Avatar: The Way of Water" continues to gain ground in China, where IMAX screens have earned $47.6 million to date — good for a massive 23% of the Chinese box office on only 1% of screens. The film's run in China was extended through next week's Lunar New Year holiday, the perennial peak season for Chinese moviegoing. Four new titles will open in IMAX across China for the holiday, including China Film Group's "The Wandering Earth 2", Maoyan's "Full River Red", Enlight's "Deep Sea" and Bona's "Hidden Blade".

 "Avatar: The Way of Water" will continue to screen across IMAX locations in most global markets into February. Cameron and Disney/Lightstorm currently have three more films in the "Avatar" saga planned through 2028.

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 global box office revenue of Avatar: The Way of Water as reported by IMAX?

As of January 17, 2023, Avatar: The Way of Water has grossed over $215 million in IMAX global box office revenue.

How many countries is Avatar: The Way of Water the highest-grossing IMAX release in?

Avatar: The Way of Water is the highest-grossing IMAX release of all time in 44 countries.

What percentage of the global box office does IMAX account for with Avatar: The Way of Water?

IMAX contributes 11.2% to the film's global box office revenue.

What were the IMAX earnings of Avatar: The Way of Water in North America?

The film earned $75.7 million on IMAX screens in North America.

How much has Avatar: The Way of Water earned in China through IMAX?

In China, Avatar: The Way of Water has earned $47.6 million, representing 23% of the Chinese box office.