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IMAX Corporation IMAX announced that it achieved a global box office collection of $1.06 billion in 2023, making it the second-highest grossing year in the company's history. This success was attributed to a diverse portfolio of experiences, including Hollywood and local language films, concerts and live events.
Including booking fees in China, the figure rises to $1.09 billion, near its highest grossing year ever, with $1.1 billion in pre-pandemic movie ticket sales worldwide in 2019.
The company experienced growth of 24.4% in the global box office compared with 2022 and programmed a record 98 new films worldwide in 2023.
Comcast CMCSA-owned Universal Pictures’ Oppenheimer, directed by Christopher Nolan, was the top-grossing film, contributing $183.2 million. The company achieved remarkable success with a $20 million opening weekend for Sony's SONY Spider-Man: Across the Spider-Verse at the global box office. Paramount Global’s PARA Mission: Impossible-Dead Reckoning Part One from Tom Cruise's renowned Mission: Impossible series collected $25 million worldwide.
IMAX's global technology platform distinguished itself from other exhibitors, with a 2% increase in the global box office over the 2017-2019 average. This contrasted with an estimated 21% decline for exhibitors worldwide. The company has referred 2023 worldwide global box office estimate from Gower Street Analytics.
The company's strong results were driven by record-breaking performances at the North American box office and significant grosses from local language films worldwide. The domestic box office achieved a record $393 million, while the local language box office from China, India and Japan, as well as new studio partners in Indonesia and Thailand, reached a best-ever $227 million.
The strong box office performance translated into robust sales activity, with 129 signings for new and upgraded IMAX systems worldwide in 2023. The company experienced its best fourth quarter since 2015, completing 41 different sales agreements with 36 exhibition partners across 26 territories. Key growth markets, including France, Thailand, Indonesia and Malaysia, saw the highest number of signings ever, and several regions experienced the strongest sales activity in at least five years.
The company expects to program more than 100 films, experiences and events globally in 2024. Some highly anticipated releases include Dune — Part Two, Despicable Me 4, Joker: Folie à Deux, Deadpool 3 and Wicked.
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