LOS ANGELES, May 19, 2014 /CNW/ - IMAX Corporation (NYSE:IMAX;TSX:IMX), Warner Bros. Pictures, a division of Time Warner Inc. (NYSE:TWX), and Legendary Entertainment today announced that Godzilla™ has grossed approximately $21.2 million in 539 IMAX® 3D theatres globally since its release Thursday, May 15, making it the highest-grossing IMAX opening weekend of 2014.
Godzilla grossed approximately $14.2 million in 352 North American IMAX 3D theatres and approximately $7 million in 187 international IMAX theatres, resulting in a strong IMAX worldwide per-screen average of approximately $40,000. Overall, Godzilla grossed approximately $93.2 million for Warner Bros. domestically and $196.6 million worldwide.
IMAX reported dozens of individual theatre records across its global network and breakout international territories for the Company included Taiwan, Austria, Germany, New Zealand and the UK. The film is set to open in IMAX theatres across China on June 13.
"The cornerstone of our portfolio strategy is finding those movies where people say, 'if you haven't seen it in IMAX than you haven't really experienced it.' Godzilla is clearly one of those films," said Greg Foster, Senior Executive Vice President, IMAX Corp and CEO of IMAX Entertainment. "Congratulations to our longtime partners at Warner Bros. and Legendary Entertainment and Director Gareth Edwards on a massive and flawlessly executed launch. Godzilla's epic scope and scale dynamically lends itself to The IMAX Experience® and we expect the strong momentum and word-of-mouth we are seeing to carry through into the second week, particularly with the added benefit of Memorial Day weekend in the US."
The IMAX 3D release of Godzilla has been digitally re-mastered into the image and sound quality of The IMAX 3D Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique environment that make audiences feel as if they are in the movie.
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 theatres 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 offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2014, there were 840 IMAX theatres (707 commercial multiplexes, 18 commercial destinations and 115 institutions) in 57 countries.
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience®, IMAX Is Believing® and IMAXnXos® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube(www.youtube.com/imaxmovies).
This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact:
IMAX Corporation – New York
Sloane & Company – New York
2525 Speakman Drive
Mississauga, Ontario, Canada L5K 1B1
Tel: (905) 403-6500 Fax: (905) 403-6450
SOURCE: IMAX Corporation
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