IMAX Profits Pass $1 Billion Mark

The IMAX Corporation, the manufacturers of the large-format movie screens for big-box blockbuster movies, announced today that 2018 marked the first time the screens brought in a profit of over $1 billion.

For the first time in the company’s 50 years of operation, the combined box office profit of every film shown on an IMAX screen exceeded $1 billion. Domestic films from China, Korea, Japan, Russia, and India brought in a healthy profit for the year of over $100 million, but unsurprisingly, the big bacon-bringers were the year’s blockbuster Hollywood pictures. Bombastic action films like ‘Jurassic World: Fallen Kingdom,’ ‘Mission: Impossible – Fallout,’ and ‘Ready Player One’ brought audiences out to see the films in the highest possible resolution and quality. Of these films, the most popular were superhero films. ‘Ant-Man and the Wasp,’ ‘Venom,’ and even the still-in-theaters ‘Aquaman’ raked in tremendous profits, which is actually kind of surprising, since ‘Ant-Man’ and ‘Venom’ received fairly lukewarm reviews. The largest IMAX box office for the year came from Marvel and Disney’s ‘Avengers: Infinity War.’

The film industry in general is set to break multiple box office records by the end of the year next week, and IMAX was certainly no slouch in its contributions to that cause.

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