One Screen, £2.7 Million: “The Odyssey” Sets a BFI IMAX Record

Christopher Nolan's "The Odyssey" playing at the BFI IMAX in London, United Kingdom

Christopher Nolan’s “The Odyssey” has conquered plenty of box office records since opening in July, but one of the more revealing comes from a single 500-seat auditorium in London.

The BFI IMAX has generated GBP £2.7 million (USD $3.7 million) in ticket sales for Universal Pictures’ epic, making “The Odyssey” the highest-grossing film in the venue’s history. More than 101,000 tickets have been sold, pushing the film past the GBP £2.5 million (USD $3.41 million) record previously held by “Avatar.”

Demand was evident well before opening day. The BFI sold 28,000 advance tickets during the first 24 hours of sales, worth GBP GBP £750,000 (USD $1.02 million), and the film generated GBP £220,000 (USD $300,000) during its opening weekend alone. The BFI IMAX is now the highest-grossing IMAX location for “The Odyssey” outside North America and ranks second worldwide behind the TCL Chinese Theatre in Los Angeles, a venue with nearly twice its seating capacity.

The London result is particularly striking because “The Odyssey” has already become the highest-grossing IMAX release globally, with the format generating $289 million in less than a month and accounting for more than 26% of the film’s worldwide box office at that point.

There are plenty of ways to interpret those numbers, but perhaps the simplest is this: audiences aren’t merely paying to see “The Odyssey.” A significant number are paying a premium to see it in a particular way. For exhibitors investing heavily in PLF auditoriums, that distinction matters.

Source : Screen Daily