Refresh for latest…: Big news this weekend out of Japan where anime adaptation Demon Slayer The Movie: Mugen Train shattered all-time opening records. The film, which opened on Friday October 16, as opposed to the usual Saturday/Sunday weekend, is estimated to have grossed upwards of $30M for the three-day. This number could rise above $40M,
IMAX
Exhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big content company to restructure operations around streaming. As theaters reopen to limited audiences without key New York and Los Angeles markets and a paucity of new studio fare, heavily indebted
Imax Corp. has decided to furlough 150 workers due to the withdrawal of movie studios from the theatrical marketplace due to COVID-19. The large-format film company’s auditoriums have fared well in China and across Asia in reopening during COVID-19, but it has reached a crossroads in much of the rest of the world. Just about
UPDATE,Writethru: Christopher Nolan’s Tenet handily passed $200M overseas this weekend with a $25M offshore frame to bring the international box office cume to $214M. Including domestic, the global to-date total is now $250.1M. Boosting play overseas, as we noted yesterday, was the Japan bow which came in at a strong $4.3M in the No. 1
Imax CEO Rich Gelfond anticipates streamers will become more active in exhibition as the post-COVID business shakes out and said his team is turning gray at the stress of constantly shifting release schedules — even as Deadline reports that Warner Bros. is thinking of pushing Wonder Woman 1984 to late December. “One of the reasons
Refresh for latest…: Christopher Nolan’s Tenet added a further estimated $58.1M at the international box office this weekend, taking the overseas cume on the Warner Bros title to $126M after two sessions. With the time-bending film debuting in the U.S. this frame, the estimated worldwide total is $146.2M. The global weekend figure of $78.3M includes
Christopher Nolan’s Tenet has begun its offshore rollout, and while Warner Bros is keeping a tight lid on grosses until fully reporting Sunday, some international box office information is available on the highly-anticipated title. In Korea, one of the key plays on Tenet, the Wednesday opening day was a little over $827K from 2,228 screens.
In an effort to rein in resurgent coronavirus cases in Seoul, Korean authorities last week tightened restrictions on public gatherings. This dealt a blow to the local box office which has seen strong performances over the past several weeks with titles like Peninsula and Deliver Us From Evil. But the Top 5 films in the
After pulling in $33.5M across five days of previews at the Chinese box office, local war epic The Eight Hundred overwhelmingly stormed theaters today, its first official day of release. Adding roughly $20M across the country on Friday — the biggest single-day box office since cinemas resumed operations — the Middle Kingdom cume is now
EXCLUSIVE: As the rolling process of cinema reopenings continues across various markets, IMAX has recently enjoyed strong grosses with local-language movies in Asia as well as the reissue of Christopher Nolan’s Interstellar in China. This week in the Middle Kingdom, it’s set to have a particularly vibrant frame with war epic The Eight Hundred. Already,
SATURDAY UPDATE: Since cinemas reopened in China’s low-risk areas on July 20, the market today had its biggest day yet. Box office was $5.74M (RMB 40M) overall for the day, according to Maoyan figures. That reps a 38% jump from Friday. After leading last weekend and the midweeks, then dropping to No. 2 on Friday,
Yeon Sang-ho’s Peninsula, the follow-up to his 2016 zombie smash, Train To Busan, made a meal of the international box office this weekend, in Korea and four other markets. The thriller sequel (aka Train To Busan Presents: Peninsula) already logged the biggest opening day score of the year in its home market on Wednesday and
Imax China has expanded its decade long partership with Wanda Film Co. with a twenty-theater agreement that calls for Wanda to upgrade Imax systems in ten existing locations in major cities and install the technology in ten new ones, the companies said Thursday, as China prepares to reopen its shuttered theaters starting July 20. The
In the wake of the China Film Administration announcing yesterday the reopening of cinemas on July 20, there’s been several questions as to what China is determining to be a low or high risk COVID-19 area. We heard from a number of industry sources today that the majority of the country’s exhibitors can reopen except
Imax shares shot higher Wednesday as Goldman Sachs initiated coverage of the large-format leader with a “buy” rating, saying it’s well positioned to take share in the current environment and has ample cash to navigate a potentially turbulent recovery. The stock was up more than 16% on a day of solid gains for exhibition that
Imax CEO Rich Gelfond said enticing patrons away from Friday and Saturday night s is critical for the successful reopening of the exhibition business. It’s something he thinks will happen naturally in a COVID-19 environment with some help from marketing and promotion. Wall Streeters have been fretting that hard-hit theaters will have to leave money
IMAX has appointed Brett Harriss as Senior Vice President of Investor Relations. In his role, Harriss will oversee the company’s global investor relations strategy and serve as its lead with the investment community. Harriss will report directly to IMAX CEO Richard Gelfond out of the Company’s New York office. “Brett brings a deep understanding of
We are hearing from U.S. industry sources as well as those on the ground in the PRC that the offices of China Film Group in Shanghai and those of China’s Film Bureau are re-opened for business, a sign that the country’s exhibition is on its way to a gradual recovery after being shuttered since the
Here’s something to sail NEON’s Parasite past the $50M mark at the domestic box office: The 4x Oscar winner, including, best picture is getting an Imax release in 214 U.S. and Canadian auditoriums tomorrow for a one week release. The Cannes Palme d’Or winning movie was digitally re-mastered into the Imax format. In the wake of making
Imax today at this early hour is celebrating its best year ever at the global box office with $1.035 billion, up from last year’s previous record of $1.032B. And Star Wars: Rise of Skywalker hasn’t even opened everywhere yet (the J.J. Abrams film opens at special fan shows at 5PM tonight stateside with a wide break at