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Imax says it garnered a record 20% of the opening weekend receipts for ‘Oppenheimer’

Clyde Edgerton by Clyde Edgerton
July 24, 2023
in Markets
Imax says it garnered a record 20% of the opening weekend receipts for ‘Oppenheimer’
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Imax Corp.’s stock
IMAX,
+4.07%
rose 1% in premarket trade Monday, after the big screen cinema operator said it took in $35 million from 740 screens showing “Oppenheimer” in its opening weekend. The company said it garnered 20% of the total opening weekend receipts for the Christopher Nolan-helmed movie, its biggest-ever share of an opening weekend. The film made other records too, including it was the biggest July opening weekend ever for global and domestic receipts; it was the biggest opening weekend of 2023; and it was the biggest opening weekend for a Nolan film. The film was hot in Imax 65mm and 65mm large-format film photography, including sections that were made in black and white. Imax’ stock has gained 12% in the year to date, while the S&P 500
SPX,
+0.35%
has gained 18%.



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