Suzume Delivers Biggest IMAX China Debut and Highest IMAX Index 8.3% for Japanese Animation Release

SHANGHAI, March 27, 2023 /PRNewswire/ -- IMAX China (HKSE: 1970) roared to RMB28.3 million at the box office this weekend with the debut of Toho's animation film Suzume, directed by Makoto Shikai— recording the biggest opening in China for a Japanese animation release and a non-Hollywood foreign film.

Following its record Chinese New Year and the stellar performance of Avatar: The Way of Water, IMAX China has reported another box office success in the first quarter.  Year-to-date, IMAX delivered RMB 672 million box office in mainland China, already the second highest first quarter box office in history and a 107% increase over the same period last year.

IMAX delivered 8.3% of Suzume's weekend gross – the best index for IMAX China among all Japanese animation films, on only 1% of overall screens. Over the weekend, 9 out of the 10 top locations were IMAX theaters.

"The stunning opening of Suzume once again demonstrates the strong momentum and blossoming content supply of IMAX China's business this year," said IMAX China CEO Daniel Manwaring, "From Hollywood blockbusters, local language tentpole films to Japanese animation releases, the record-breaking IMAX box office shows that Chinese audiences' demand for the IMAX experience is not only stronger than ever, but also more diversified. Congratulations to director Makoto Shinkai and our partners at Toho and Road Pictures for the successful launch of Suzume in China. We look forward to working with filmmakers from all over the world to bring more great content to Chinese audiences and meet the diversified movie going demand of the market."

Building on Suzume's successful release, Paramount's Dungeons & Dragons (March 31), thriller comedy To Be Continued (March 31), Universal's The Super Mario Bros Movie (April 5), Jean Jacques Annaud's Notre-Dame Brûle (April 7), Toei's The First Slam Dunk (April 20) and Alibaba Picture's Born to Fly (April 28) are all set to debut in IMAX to audiences across China. In addition, the remastered 3D version of Titanic will return to IMAX screens in China on April 3^rd.

About IMAX China

IMAX China is a subsidiary of IMAX Corporation, and was incorporated as a limited liability company under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China. Shares of IMAX China trade on the Hong Kong Stock Exchange under the stock code "1970."

About IMAX Corporation

IMAX Corporation, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theaters to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX Corporation is headquartered in New York, Toronto and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of Dec 31, 2022, there were 1,716 IMAX Theater Systems (1,633 commercial multiplexes, 12 commercial destinations, 71 institutional) operating in 87 countries and territories. On October 8, 2015, shares of IMAX China, a subsidiary of IMAX Corporation, began trading on the Hong Kong Stock Exchange under the stock code "1970".

IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos®, SSIMWAVE® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com. You may also connect with IMAX on Instagram (www.instagram.com/imax),

Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax), YouTube (www.youtube.com/imaxmovies)  and LinkedIn (www.linkedin.com/imax).

Source: IMAX China Related Stocks: HongKong:1970 NYSE:IMAX