Imax Sails to $175 Million in Revenue Thanks to ‘The Odyssey’
The record-breaking run of Christopher Nolan's smash hit lifted the premium format company to net income of $117 million in Q3 The post Imax Sails to $175 Million in Revenue Thanks to ‘The Odyssey’ appeared first on TheWrap .
IMAX reported a record-breaking $175 million in revenue for the fourth quarter, driven primarily by the massive success of "The Odyssey," the first film shot entirely on their proprietary cameras. The epic film contributed $550 million, or 77% of the total quarterly revenue. Earnings per share (EPS) for IMAX came in at $2.21, a significant jump from the 47 cents per share recorded in the previous year's quarter.
This surge in earnings is attributed to the extended run of "The Odyssey" across 41 global locations screening the film in IMAX 70mm. Industry leader Rich Gelfond, CEO of IMAX Corporation, hailed the achievement as more than just a "great quarter," expressing belief that it signifies a new era for the company, unlocking new commercial opportunities and inspiring unprecedented demand among audiences worldwide.
The next quarter will see the release of additional IMAX titles, including "Dune: Part Three," "The Hunger Games: Sunrise on the Reaping," and "Ramayana," further bolstering the company's prospects.
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