IMAX CEO Rich Gelfond discusses the importance of IMAX screens in movie theaters, benefits of IMAX sales for certain movies, issues with empty multiplexes, and an opening-weekend box office prediction for 'Civil War'. The podcast delves into the impact of IMAX technology on revenue, collaboration with filmmakers, and strategic discussions with studios for film screenings.
IMAX screens significantly impact box office success of big-budget films like Dune II and Godzilla vs. Kong.
Films shot with IMAX cameras provide superior visual quality and immersive experiences for viewers.
Deep dives
The Impact of iMacs Screens on Summer Movies
The CEO of iMacs discusses how iMacs screens play a crucial role in shaping the success of big-budget titles like Dune II and Godzilla versus Kong, exerting significant influence on the box office performance. By strategically selecting films for iMacs treatment based on criteria like filming quality and filmmaker relationships, iMacs has become a key player in the movie industry, driving substantial box office returns even amidst industry challenges.
The Significance of Filming with iMacs Cameras
The podcast delves into the importance of filming with iMacs cameras, highlighting how movies like Deadpool Wolverine and Joker, shot with iMacs technology, offer viewers a visually superior and immersive experience. The CEO emphasizes that films shot with iMacs cameras receive preferential treatment in theaters due to their enhanced quality and alignment with iMacs brand standards.
Strategic Screen Allocations and Box Office Impact
Discussions around the strategic allocation of iMacs screens shed light on the decision-making process behind choosing films for these specialized screens. The CEO reveals the significant impact of iMacs on box office revenues, citing examples like Dune capturing 22% of the world box office on less than 1% of screens, showcasing the potent draw of iMacs-enhanced viewing experiences.
Consumer Experience and Future Growth of iMacs
Focus shifts to the importance of enhancing the consumer experience in theaters, urging exhibition industry players to prioritize factors like maintenance, seating comfort, and overall ambiance. With a wider scope of content offerings and a global expansion strategy, iMacs aims to continue its growth trajectory by delivering exceptional viewing experiences and maintaining its allure in a competitive industry landscape.
Matt is joined by IMAX CEO Rich Gelfond to discuss the complicated state of movie theaters, and the growing importance of premium large-format screens like IMAX. Rich reveals just how much certain movies have benefitted from IMAX sales, which movies are getting the most IMAX screens this spring and summer, and what to do about the glut of empty multiplexes across the country. Matt finishes the show with an opening-weekend box office prediction for Alex Garland’s newest film, ‘Civil War.'
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