Impressive Chinese Debut Pushes "Oppenheimer" Past $170M In IMAX Global Box Office
Portfolio Pulse from Happy Mohamed
IMAX Corporation announced that the film 'Oppenheimer' has reached $170 million in global box office across its network, making it the fifth highest grossing IMAX release of all time. The film had a strong debut in China, where the IMAX network took in $10.2 million, accounting for 30% of the opening weekend box office on less than 1% of Chinese screens. 'Oppenheimer' is now the biggest IMAX opening of a Hollywood film in China this year.
September 05, 2023 | 12:34 pm
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POSITIVE IMPACT
The strong performance of 'Oppenheimer' in China and globally is likely to boost IMAX's revenues and potentially its stock price in the short term.
The film 'Oppenheimer' has performed exceptionally well in China and globally, contributing significantly to IMAX's revenues. This strong performance is likely to have a positive impact on IMAX's stock price in the short term as it indicates the company's ability to generate substantial revenues from its film releases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100