IMAX shares continued to climb as the company reported staggering box-office results for Christopher Nolan's The Odyssey. CEO Richard Gelfond said fans are flying across countries to see the film in IMAX's 70-millimeter format, selling out screenings around the clock. The movie helped IMAX follow a record-breaking $52 million opening weekend with a $48 million second weekend. IMAX extended 70-millimeter screenings into mid-September due to overwhelming demand.
Imax CorpRecord box office and overwhelming demand for The Odyssey in IMAX 70mm format.
IMAX China Holding IncIMAX China likely benefits from global demand for The Odyssey, though not explicitly mentioned.