Business Daily Media

The Times Real Estate

.

IMAX Soars to Highest Grossing Chinese New Year Ever with $53 Million

IMAX Box Office in China’s Peak Moviegoing Period up +57% over Previous Best; Animated Blockbuster “Ne Zha 2” Leads the Way with $36 Million and Counting

NEW YORK, US and SHANGHAI, CHINA - Media OutReach Newswire - 5 February 2025 - IMAX Corporation (NYSE: IMAX) shattered its box office record for Chinese New Year, delivering $53 million during the 7-day holiday period concluded February 4.

The busiest window annually for moviegoing in China, the 2025 Chinese New Year holiday saw IMAX exceed its previous record of $34 million set in 2023 by a whopping +57%. IMAX also delivered its highest attendance ever for the Chinese New Year, with 5.5 million admissions nationwide.

While the holiday has concluded, IMAX's record-breaking slate of Chinese New Year films will continue to play throughout the IMAX China network for another month. IMAX delivered its highest market share of the holiday – 4.3% on only 1% of screens – and $7.3 million on the final day of the period, demonstrating the continued strength of the slate.

"Chinese New Year unleashed one of the most impressive surges in moviegoing we've seen in recent years, anywhere in the world — leaving a slew of broken IMAX records in its wake," said Rich Gelfond, CEO of IMAX. "This is a shot of adrenaline for moviegoing in China that comes at just the right time, with a tentpole heavy slate of local language and Hollywood films ahead for 2025."

Enlight's "Ne Zha 2" — the highly anticipated sequel to the 2019 smash hit — led the way with $36 million. The film scored the biggest opening weekend in IMAX history for an animated film with $22 million and is already the fourth highest grossing IMAX local language release of all time. "Ne Zha 2" took just seven days to top its predecessor "Ne Zha," which earned $35 million in China over its two-month IMAX run.

Alibaba's fantasy "Creation of the Gods II: Demon Force" delivered $7.6 million and Bona's naval drama "Operation Hadal" added another $2.7 million in IMAX. Both films featured IMAX-exclusive expanded aspect ratio. China Film Group's martial arts actioner "Legend of the Condor Heroes: The Gallants" scored $3.7 million while Maoyan's "Detective Chinatown 1900" contributed an additional $2.7 million in IMAX.

"The message from audiences is clear: IMAX is their first choice," said Daniel Manwaring, CEO of IMAX China. "Riding on a stronger-than-ever audience preference, IMAX has transformed moviegoing into a cultural phenomenon and a social talking point. We deeply value their brand loyalty and are confident that we can carry this momentum throughout what is poised to be one of the strongest years for Chinese local language films."

With the 2025 Chinese New Year slate, IMAX continues to expand its strategy of bringing local language films to audiences around the world. "Creation of The Gods II: Demon Force" and "Detective Chinatown 1900" were also released in select IMAX locations across 11 countries worldwide, bringing in more than $1.2 million outside of China. "Ne Zha 2" will be shown exclusively in IMAX theaters in Australia and New Zealand beginning February 6th.

The Chinese New Year slate will continue to play in China for the next month, alongside Disney's "Captain America: Brave New World" and the re-release of the classic romance "In Mood for Love".
Hashtag: #IMAX

The issuer is solely responsible for the content of this announcement.

About IMAX China

IMAX China is a subsidiary of IMAX Corporation and was incorporated as a limited liability company under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China. Shares of IMAX China trade on the Hong Kong Stock Exchange under the stock code "1970."

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 systems to connect with audiences in extraordinary ways, making IMAX's network 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 additional offices in London, Dublin, Tokyo, and Shanghai. As of September 30, 2024, there were 1,788 IMAX systems (1,714 commercial multiplexes, 12 commercial destinations, 62 institutional) operating in 89 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970".

IMAX®, IMAX® 3D, Experience It In IMAX®, The IMAX Experience®, DMR®, Filmed For IMAX®, IMAX LIVE™, and IMAX Enhanced® are trademarks and trade names of IMAX Corporation or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit . You may also connect with IMAX on Instagram (), Facebook (), LinkedIn (), X (), and YouTube ().

News from Asia

Cathay expands lifestyle offerings in Southeast Asia with Mitsui Mall Group partnership in Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 24 March 2025 - Premium travel lifestyle brand Cathay is strengthening its lifestyle presence in Southeast Asia through an exciting new partnersh...

Exceptional Partnership: Princess Madeleine and Weleda Launch New Skincare Brand, minLen

The first natural, responsible multi-generational skincare brand in Europe Princess Madeleine: "Weleda is the ideal partner for developing products that nurture and protect childr...

Jian'ge County in Guangyuan Hosts Handover Ceremony for Over 12,000 Ancient and Famous Trees

GUANGYUAN, CHINA - Media OutReach Newswire - 24 March 2025 - On March 12, marking the 47th Arbor Day of China, the "Shu Road Cuiyun Corridor Ancient Cypress Conservation Handover Ceremony" was hel...

MongoDB Expands Availability of MongoDB Atlas in Southeast Asia to Support Accelerated Regional Growth

MongoDB Atlas now available on AWS Regions in Malaysia and Thailand // Local availability empowers businesses across the region—including Botnoi and EasyEat—to innovate and improve user experiences...

Gynecomastia Affects All Ethnic Groups in Singapore, Amaris B. Clinic Study Reveals

Amaris B. Clinic releases insights into gynecomastia cases, proving the condition affects men of all races in Singapore. SINGAPORE - Media OutReach Newswire – 25 March 2025 - Gynecomastia, the de...

Eternity Waterproofing Forms Strategic Partnership with Mapei Far East

SINGAPORE - Media OutReach Newswire – 25 March 2025 - Eternity Waterproofing, a leading waterproofing company in Singapore, has announced a strategic partnership with internationally renowned bui...

SUNRATE Launches Global Payments Solution to Revolutionise the Maritime Industry

SINGAPORE - Media OutReach Newswire - 25 March 2025 - SUNRATE, the global payment and treasury management platform, today announced the launch of its maritime payments solution, aimed at empowerin...

SWISS REJU Ranks Number 1 in "Sunday More Beauty 100 Award", Breaking Record with 8 Major Wins

Luxury beauty brand SWISS REJU is Hong Kong's No.1 Best Body Slimming and Contouring Provider, according to Sunday More Beauty 100 Award Annual Rankings. HONG KONG SAR - Media OutReach Newswire - ...

FabriX Returns to ComplexCon Hong Kong

Revolutionizing Fashion: FabriX Leads the Digital Shift from Hong Kong to the World Redefining How Fashion is Created, Experienced & Sold HONG KONG SAR - Media OutReach Newswire - 25 March 202...

WRISE Singapore Appoints Paul Arni as Non-Executive Director, Strengthening Corporate Governance and Strategic Vision

Group reinforces commitment to growth and risk management with new appointment HONG KONG SAR - Media OutReach Newswire - 25 March 2025 - WRISE Singapore today announced the appointment of Paul Arn...

National Print Awards Announce Ricoh Women in Industry Award

The National Print Awards (NPAs) are proud to introduce the Ricoh Women in Industry Award, a prestigious new accolade recognising and celebrating ...

Financial Forecasting: 3 Tips for SMEs

Financial forecasting means predicting your business’s future revenue, expenses, and cash flow so you can plan ahead. If you’ve ever wondered whether ...

NextOre Unveils World First MR Analyser for Underground Copper Trucks

NextOre, a global leader in  Magnetic Resonance (MR)-enabled bulk ore sorting technology, has now made its world first sensor system available for...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Sell by LayBy