'The Odyssey' fuels demand for Imax 70 mm screenings

'The Odyssey' fuels demand for Imax 70 mm screenings

CNBC entertainment

Key Points:

  • Moviegoers are traveling long distances to see Christopher Nolan's "The Odyssey" in the rare Imax 70-millimeter film format, which offers a premium analog viewing experience highly praised by fans and the director himself.
  • Imax 70 mm tickets average $27.77, about 81% more than typical movie admissions, reflecting the format's exclusivity and the high demand for these screenings despite limited availability.
  • Only 25 U.S. theaters and 16 internationally are equipped to show the film in Imax 70 mm, with many locations selling out quickly and adding extra showings due to historic demand.
  • The buzz around Imax 70 mm screenings has been amplified by social media and younger audiences, contributing to strong box office performance and increased investor confidence in Imax's premium offerings.
  • Consumers are educating themselves on different premium formats, with some willing to pay a premium for the authentic Imax 70 mm experience, while others settle for alternatives like Dolby Cinema, highlighting growing enthusiasm for high-end theatrical presentations.

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