Read Rosenblatt's Take On Imax Following Release Of Jurassic World: Dominion

Ahead of next weekend's launch of Lightyear, Imax Corp IMAX posted another series of vital data points, driven by the opening weekend of Jurassic World: Dominion Rosenblatt analyst Steve Frankel pointed out.

Frankel had a Buy on Imax with a price target of $25. Imax accounted for 8.6% of Dominion's domestic box office for $12.3 million in Gross Box Office (GBO) and a $30K PSA, Frankel noted.

Frankel added that international markets added another $12.7 million in GBO for a 7.2% share, including 12% of the film's box office in China. To date, the IMAX GBO from Top Gun exceeds $75 million.

With an opening weekend of $143.37 million, Jurassic World: Dominion dominated the box office and finished ahead of recent industry tracking that had the film opening around $125 million, just 3% shy of the previous film in the series, a notable feat given the film's poor reviews, Frankel added. 

Continuing the trend toward premium viewing experiences, PLFs accounted for 35% of the film's total box office. Meanwhile, Top Gun: Maverick lost some altitude but finished in second place at $50 million, bringing its domestic total to $393.3 million.

Jurassic World added $176.6 million in international markets, including $52.5 million in China, where Hollywood titles have been scarce. Jurassic World has driven $245.8 million at the global box office.

Top Gun added another $52.7 million to bring its international total to $353.7 million for $747 million at the global box office,

Price Action: IMAX shares traded lower by 6.29% at $15.27 on the last check Monday.

Photo via Wikimedia Commons

Market News and Data brought to you by Benzinga APIs
Price Target
Posted In: NewsPrice TargetReiterationSmall CapAnalyst RatingsTech
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!