‘The Batman’ Lifts Imax’s Quarterly Earnings
variety.comBrent Lang Executive Editor of Film and Media“The Batman,” the moody re-imagining of the Bruce Wayne saga that became a box office success this spring, helped lift the earnings of Imax during the exhibition company’s first quarter.
Revenues at Imax climbed 55% to $60 million for the three-month period ending in April, which the company attributed to the popularity of the comic book reboot, as well as to the appeal of some special events like the re-release of “Get Back,” a documentary about The Beatles that initially debuted on Disney +. “Spider-Man: No Way Home,” the superhero sequel that dominated the holiday box office, continued to put up impressive numbers into 2022.
Losses also narrowed to $13.6 million or 23 cents a share, which compared favorably to the $14.8 million or 25 cents a share in losses that the company reported in the year-ago period.
The report comes as Imax and the larger theater business are trying to reemerge from the box office slowdown that characterized the COVID era, one that saw studios cut back substantially on the number of major releases.
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