IMAX Corporation (NYSE: IMAX), an innovator in entertainment technology, announced it has soared to its highest-grossing year ever at the global box office in 2019 with more than USD1.035 billion earned to date worldwide.
The record-breaking performance surpassed the company’s previous best of USD1.032 billion set in 2018 and marks the second consecutive year it has crossed USD1 billion in total receipts.
“In an entertainment landscape where people enjoy more choice than ever, demand for The IMAX Experience® around the world has never been greater,” said Rich Gelfond, CEO of IMAX. “Fans worldwide are increasingly seeking out immersive entertainment experiences and IMAX is uniquely positioned to deliver through our technology, scale, and powerful relationships with world-class creators.”
New IMAX Records Set in 2019
IMAX’s globally diverse slate of Hollywood and local language blockbusters lifted the Company to several new records in 2019, including its highest-grossing year ever for international, China, and local language films, as well as several record-breaking openings worldwide.
Significant milestones include:
Record International Box Office (excluding China): USD368.6 million
Record Local Language Box Office: USD124.3 million
Record Box Office in China: USD341 million
Record Box Office in 22 countries and territories year to date, including China, India, Japan, France, Germany and more
Additionally, IMAX scored its best-ever opening weekend worldwide and highest-grossing release in China with “Avengers: Endgame.” The Company also achieved its number-one and two highest-grossing local language releases in China with “Wandering Earth” and “Ne Zha,” respectively.
In Japan, the Company had its highest-grossing release with “Bohemian Rhapsody” and highest-grossing local language release with “Weathering With You.”
Five of the top ten highest-grossing IMAX films in 2019 to date featured IMAX DNA, meaning they were either filmed in IMAX or featured IMAX expanded aspect ratio to deliver up to 26% more picture.
In 2020, at least five blockbuster releases were filmed in IMAX – including “No Time to Die”, “Wonder Woman: 1984”, “Top Gun: Maverick”, “Tenet,” and “Detective Chinatown 3” – which will mark another new record for the Company.