James Cameron's Avatar continues to be sweet celluloid for IMAX
Sure, News Corp.'s
These tallies wouldn't have been possible without IMAX because Avatar topped the $150 million mark in ticket sales at IMAX theaters worldwide over the weekend.
The really juicy nugget for IMAX here is that its premium screens continue to take market share from traditional multiplex exhibitors. The 179 domestic IMAX locations screening Cameron's blockbuster account for just 2% of the screens showing Avatar, yet clocked in with 21% of the box-office receipts.
This is great news for IMAX, obviously. If there is any studio pondering a tent-pole release, it realizes it's unlikely to get there without a digitally remastered IMAX version.
It just isn't a coincidence that the top flick in each of the past three years -- Avatar in 2009, Time Warner's
The streak is likely to continue in 2010. When Disney's
It's the network effect in motion. As more blockbusters go the IMAX route, the bigger the draw for multiplex owners to turn to IMAX to beef up one of their screens. Moviegoers aren't shying away from paying a premium for IMAX (and an even bigger markup for 3-D), so box-office grosses grow even more.
Just like Avatar, IMAX is on top of the world.
Have you had a good or a bad IMAX experience lately? Share your perspective in the comments box below.
IMAX was recommended three summers ago to Motley Fool Rule Breakers newsletter subscribers. You can read the original recommendation and have access to all of the growth stock picks with a free trial. Walt Disney is an Inside Value pick. Walt Disney and DreamWorks Animation are Stock Advisor selections.
Longtime Fool contributor Rick Munarriz doesn't like the way he'd look blown up on an IMAX screen. He owns shares in Disney. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy, and it looks smoking hot on one of those eight-story IMAX screens.