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After a two-month drought, "Dune: Part Two" has delivered a much-welcomed deluge of ticket sales to the domestic box office — and its success could bring a third franchise film to cinemas. The Warner Bros. and Legendary Entertainment film opened with an estimated $81.5 million at the box office, the highest of any film released so far in 2024. Denis Villeneuve's sci-fi epic, the second in the Dune franchise, was buoyed by IMAX ticket sales, which represented around 23% of domestic ticket sales, or $18.5 million. "The only reason it wasn't higher is we ran out of seats," said Rich Gelfond, CEO of IMAX. IMAX represented 18% of all international ticket sales, the company said.
Persons: Shawn Robbins, Denis Villeneuve's, Rich Gelfond, Gelfond, Oppenheimer, Josh Grode, Denis, Villeneuve, we've Organizations: Warner Bros, Entertainment, BoxOffice.com, Legendary Entertainment, CNBC Locations: Hollywood, China
IMAX CEO: 'Oppenheimer' certainly helped the quarter
  + stars: | 2023-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMAX CEO: 'Oppenheimer' certainly helped the quarterRich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss how much of IMAX's revenue beat was due to Oppenheimer, the slate of movies scheduled to release, and much more.
Persons: Oppenheimer, Rich Gelfond
In less than 24 hours on the market, ticket sales for Taylor Swift's Era Tour concert film have already broken records. "Taylor Swift is giving moviegoing fans and the entire industry the ultimate gift by bringing Taylor Swift Eras Tour concert film to the big screen," said Jerramy Hainline, senior vice president at Fandango Ticketing. AMC Entertainment reported that Thursday ticket sales for Swift's film reached $26 million, a new record for the century-old company. Previously, the highest single-day ticket sales record was held by "Spider-Man: No Way Home" with $16.9 million. Cinema chains told CNBC that most of the Thursday ticket sales were for showings during the concert film's opening weekend.
Persons: Taylor Swift's, Fandango, Taylor Swift, Taylor, Jerramy Hainline, Rich Gelfond, CNBC's, there's, NBCUniversal Organizations: Fandango, AMC Entertainment, CNBC, AMC, Dolby, Hollywood, Warner Bros, Comcast Locations: NBCUniversal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers won't cut out going to theaters even if US ends up in recession, says IMAX CEORich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss why 'Barbenheimer' was a unique deal for IMAX, why the company's market share has risen, and the paradigm shift Gelfond has noticed.
Persons: Rich Gelfond
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a good time to be in the IMAX business, says CEO Rich GelfondRich Gelfond, IMAX CEO, joins 'Squawk on the Street' to discuss his thoughts on the company's earnings report, the future of the consumer and discussion about re-opening the Chinese box office.
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