When the studio will get wealthy on a field workplace hit, exhibition shares in that and there was definitely a downpour of money for the latter due to the $90M pandemic home opening document of Sony’s Venom: Let There Be Carnage, and likewise the $119M launch of MGM/UAR/Universal’s No Time to Die.
The No. 1 circuit on this planet, AMC Entertainment, introduced this morning that they posted a brand new post-reopening document for weekend attendance in addition to new post-opening data for ticket admission revenues and concessions due to each movies.
Between Thursday Sept. 30 and Sunday Oct. 3, 2.4 million-plus individuals watched films at U.S. AMC multiplexes whereas 1.4M took in films at AMC abroad for a complete of three.9M WW, a brand new post-reopening attendance document for the circuit.
As we advised you yesterday, No. 3 chain Cinemark noticed its highest opening weekend as effectively throughout the Covid period, and its strongest ticket gross sales for its PLF XD auditoriums. For the Plano, TX exhibitor, it was their largest October weekend general, with Venom 2 being their largest opener for the month.
Twenty-five % of Venom 2‘s weekend gross was made by AMC, 17.7% got here from Cinemark, whereas Regal theaters delivered 17%.
No Time to Die posted the very best Saturday ever for a James Bond film within the UK for AMC. The Daniel Craig swan track as 007 opens Friday within the U.S. Venom 2 hits Europe this week on Oct. 15.
Meanwhile, Imax noticed its largest world field workplace weekend since December 2019 and shattered its finest October weekend document of $30M from No to Time to Die, Venom 2 and a trio of native Chinese titles. Imax grossed $6.8M from 284 screens in 50 markets off No Time To Die, which was filmed with the big format exhibitor’s cameras. The pic scored a number of Imax data together with Best Opening Weekend outcomes for a Bond function in 24 nations, together with Japan, Hong Kong, Germany, Switzerland, Sweden, Italy, Denmark, Spain, S. Africa, Ecuador, and Best Pandemic Era Opening Weekend in 21 nations, together with UK, Hong Kong, Austria, Germany, Switzerland, Denmark, Norway, Sweden and Argentina. Incredible per screens averages, with standout PSAs in UK ($47K from 50 screens!), Denmark ($119K), Norway ($106K), Sweden ($100K) and Hong Kong ($54K).
Venom 2 reaped $9.6M WW, with $8.6M of that coming from their stateside 402 display screen rely, repping the perfect home opening Imax weekend throughout the Covid period in addition to the third finest home October opening ever. Russian Imax screens yielded $1M from the Andy Serkis-directed sequel with pandemic period opening weekend data set in Russia, Kazakhstan & Kyrgyzstan.
Adam Aron, Chairman and CEO of AMC Entertainment, mentioned in an announcement early this AM, “Yet again, AMC is celebrating an important milestone as we continue striving to generate a full recovery for our movie theatre business both at home and abroad. A new post-reopening global weekend attendance record of approximately 3.9 million moviegoers is important, as is the fact that this weekend’s success is due to two different blockbuster movies, each driving terrific business for AMC Entertainment on different continents. In the United States in particular, the movie-going response to Venom: Let There Be Carnage brought moviegoers to AMCs in droves, and on Saturday helped AMC to enjoy its best single-day revenue level since the pandemic forced us to close our U.S. theaters more than 18 months ago. On the other side of the Atlantic, James Bond is as effective and popular as ever, as No Time to Die set records of its own, driving huge business at our ODEON Cinemas.”
Aron added, “The success of these two new blockbuster movies, and of our theaters both at home and abroad, demonstrates the huge pent-up demand we see in moviegoers who are ever so eager to return to movie theaters. To the self-proclaimed sages who routinely and mindlessly predict the demise of cinemas, it is my view that it is simply wrong to underestimate the enormous consumer appeal and resilience of movie theaters.”
Among the highest grossing theaters stateside for Venom 2 have been the AMC Burbank ($239K), Santikos San Antonio ($169K), Regal Southgate in LA ($163K), AMC Universal Citywalk ($161K), AMC Ontario Mills ($159K), and Cinemark Tinseltown El Paso ($158K).
“This weekend was an unqualified success, proving what today’s box office is capable of — not just with select regions or releases, but with a diverse offering of great content across every key region,” mentioned Megan Colligan, President of IMAX Entertainment. “The perception may be that these films are overperforming, but the reality is that many people are underestimating just how excited global consumers are to get back to the movies.”
In regards to Venom 2, Cinemark CEO Mark Zoradi mentioned Sunday, “This film really resonated with our moviegoers, delivering results that significantly outpace the industry performance and set multiple all-time Cinemark records, including largest-ever October box office weekend. This is another strong example that people want and need to get out of their homes for an immersive entertainment experience. Congratulations to our partners at Sony and all the talent involved on delivering such a fantastic film for our moviegoers to see exclusively in a movie theatre.”
In regards to Imax’s different weekend highlights: In China, new National Holiday titles The Battle of Lake Changjin (China Film Group), My Country, My Parents (Bona) and Water Boys (Enlight) grossed $13M altogether, the perfect ever National Holiday opening weekend for the big format exhibitor. Battle of Changjin repped the majority of that tally and was additionally the third finest Imax opening weekend of any native Chinse title behind The Wandering Earth and Detective Chinatown 3. Warner Bros./Legendary’s Dune made $500K in Imax elevating its whole to $10M. Next week, No Time to Die hits 510 extra Imax screens in 20 new markets, together with North America, Russia and France.
At the time of this publications, these U.S. publicly commerce exhibitor shares seeing positive aspects included Imax at $20.47 (+3.9%), Cinemark at $21.11 (+6%) and National Cinemedia Group with $3.82 (+4%). Meme inventory AMC stood at $37.18, -3.3%.