IMAX shares hit all-time high as 'The Odyssey' drives record July box office

Published Aug 3, 04:13 PM UTC

IMAX shares reached an all-time high of $50.72 on Monday after the company announced that Christopher Nolan's 'The Odyssey' drove its highest-grossing month ever in July, with $257 million in global box office revenue. The film alone generated $221 million, becoming the fastest to cross $200 million in IMAX receipts. CEO Rich Gelfond praised the film's 'defy gravity' trajectory. The stock surged over 30% since the film's July 17 U.S. debut. Upcoming releases in China, Japan, and South Korea are expected to further boost sales. The article also notes that only 25 U.S. theaters can show the film in IMAX 70mm, with showtimes selling out weeks in advance.