NEW YORK, Sept. 6, 2020 /PRNewswire/ -- IMAX Corporation
(NYSE: IMAX) today announced that Warner Bros. Pictures and
Christopher Nolan's "Tenet"
continued to beat expectations in its debut, earning $11.1 million in IMAX weekend global box office —
the biggest global box office weekend ever in September for IMAX —
as it expanded into China,
the United States and Russia. IMAX theatres delivered 14% of overall
weekend global box office, while accounting for only 1% of screens.
"Tenet" has now earned $16.3 million in IMAX since its August 26 international release, despite seating
capacity limitations of at least 50% in most markets worldwide.
"We'd hoped and believed that audiences were eager to return to
the movies where it is safe, and to see it in action and hear the
excitement for 'Tenet' from fans around the globe is
gratifying — especially for a film captured with our cameras
by a visionary like Christopher
Nolan," said Rich Gelfond,
CEO of IMAX. "As the world's only global theatrical platform, IMAX
continues to benefit from growing box office momentum throughout
the world, with a strong slate of Hollywood and local language films ahead."
IMAX results were headlined by a strong performance in
China, where "Tenet" earned
$5.3 million in IMAX, delivering 18%
of the Chinese box office despite accounting for only 1% of screens
in the market. Even with continued capacity limitations, "Tenet"
claimed IMAX's best three-day opening weekend ever in China for a Christopher Nolan film. Additionally, "Tenet"
posted a better-than-expected $2.8
million in North America,
despite an average capacity limitation of 35% and continued theatre
closures in key markets including New
York and Los Angeles.
In China, "Tenet" claimed the
biggest three-day opening weekend ever for a Christopher Nolan film. Additionally,
"Tenet" topped the weekend opening (Fri.-Sun.) in IMAX of
"Dunkirk" by 15% and
"Interstellar" by 27%, despite continued capacity limitations.
"Tenet" debuted as the biggest Labor Day opening weekend ever at
the North American box office for IMAX, despite significant
capacity limitations and continued theatre closures in key markets.
Only an estimated 60% of the total U.S. box office was open for the
weekend, and only two of the top-ten highest grossing North
American IMAX screens for "Dunkirk." "Tenet" has now earned $2.8 million in North American box office to date
— 14% of the overall North American box office.
"Tenet" continued its strong performance internationally,
grossing $3 million internationally through Sunday — a decline
of only 23%.
An additional 31 IMAX screens in 3 markets will open "Tenet"
this coming week, including Hong
Kong, Israel and
Qatar. Additional Domestic IMAX
screens are anticipated, as more theatres open across the U.S.
John David Washington is the new
Protagonist in Christopher Nolan's
original sci-fi action spectacle "Tenet." Armed with only one
word—Tenet—and fighting for the survival of the entire world, the
Protagonist journeys through a twilight world of international
espionage on a mission that will unfold in something beyond real
time. Not time travel. Inversion.
"Tenet" is the latest of Nolan's trailblazing films also
shot with IMAX cameras including "Dunkirk," "Interstellar," "The Dark
Knight" and "The Dark Knight Rises."
Nolan designed "Tenet" with IMAX in mind – capturing the film
with IMAX cameras, among the highest-resolution cameras in the
world, and also refining the film throughout post-production in an
IMAX theatre to further optimize how audiences will experience the
film in IMAX. Exclusively in IMAX theatres, sequences shot with
IMAX cameras will visually expand to fill the entire screen,
allowing moviegoers to experience more of the image with
unprecedented crispness and clarity. That combined with next
generation IMAX precision sound, creates a truly immersive
Select IMAX theatres will be offering The IMAX Experience®
featuring 15 perf/70mm film projection which combines the
brightest, clearest images at almost 10 times the resolution of
standard film projection, with powerful, laser-aligned digital
sound and customized theatre geometry to create the world's most
immersive movie experience.
About IMAX Corporation
IMAX Corporation, 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 theatres 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 Corporation is headquartered in New York, Toronto and Los
Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of March
31, 2020, there were 1,616 IMAX theatre systems (1,526
commercial multiplexes, 14 commercial destinations, 76
institutional) operating in 81 countries and territories. On
October 8, 2015, shares of IMAX
China, a subsidiary of IMAX Corporation, began trading on the Hong
Kong Stock Exchange under the stock code "1970."
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D
Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX
nXos® are trademarks of IMAX Corporation. More information about
IMAX Corporation can be found at www.imax.com. You may also connect
with IMAX on Facebook (www.facebook.com/imax), Twitter
(www.twitter.com/imax) and YouTube
For more information, please contact:
IMAX Corporation, New York
IMAX Corporation, New York
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SOURCE IMAX Corporation