NEW YORK, April 4, 2021 /PRNewswire/
-- IMAX (NYSE: IMAX) scored its biggest domestic
opening weekend in more than a year as "Godzilla vs. Kong" earned
$4.5 million on 284 screens. Over
1,000 domestic IMAX shows were sold-out over the 5-day opening,
nearly 25% of all IMAX showtimes over that period. Globally, the
Warner Bros. and Legendary Pictures' monster hit continued to smash
expectations, earning $13 million
this weekend across all markets.
"'Godzilla vs. Kong' has emerged as a symbol of the enduring
strength of the theatrical experience for blockbuster filmmaking,
delivering great box office even with many theatres still closed
and significant capacity restrictions," said Rich Gelfond, CEO of IMAX. "Make no mistake —
this film has become a global event because it received a global
theatrical release, and the phenomenal pipeline of tentpole films
ahead have the chance to capitalize on the same opportunity."
Despite capacity limitations of up to 25% in North America, a particularly challenging
environment for IMAX given its theatre design, and a day-and-date
release on streaming, "Godzilla vs. Kong" now stands as IMAX's best
domestic opening since January 2020.
IMAX screens accounted for 9.3% of the overall weekend box office
domestically. Notably, many capacity restrictions including the 25%
limit in California are planned to
be eased in the coming weeks.
The film continued its success globally, earning another
$6.5 million since Wednesday in
China while reaching a 10-day cume
of $18 million, over 13% of the
nationwide box office and the highest 10-day cume of the Godzilla
and Kong franchise ever for IMAX in China. The China cume to-date is already nearly double
the final IMAX China box office for "Kong: Skull Island" and
"Godzilla: King of the Monsters".
The impressive results follow a pandemic-best opening
internationally for the film last week, with some markets
increasing their IMAX box office over last weekend's openings. IMAX
has earned $28 million across all
markets globally for the film to-date, 10% of the overall
total.
"Godzilla vs. Kong" will continue its run in IMAX through
April 21 in domestic markets and
mid-to-late April in most international markets including
China, with openings in
Brazil and Japan, scheduled for April 29 and May
14, respectively.
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
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Media:
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Investors:
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Ed
Skowronek
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Brett
Harriss
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eskowronek@imax.com
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bharris@imax.com
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212.821.0102
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212.821.0187
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SOURCE IMAX Corporation