IMAX and Twentieth Century Fox have signed a new multi-picture agreement for four upcoming projects from the Fox slate, both companies announced Tuesday.
“Maze Runner: The Death Cure,” “Predator,” “Alita: Battle Angel” and the studio’s untitled Marvel film are included in the deal, all of which will be digitally re-mastered into the immersive IMAX format and released in IMAX theaters around the world.
“After sharing success with such recent box-office hits as the global phenomenon ‘Deadpool,’ we are thrilled to sweeten the existing deal with our friends and partners at Twentieth Century Fox by providing IMAX fans worldwide a selection of the studio’s most exciting upcoming blockbusters,” said Greg Foster, CEO of IMAX Entertainment and senior executive vice president of IMAX Corp. “With this agreement, we look forward to expanding our partnership with Fox and together offer fans around the world IMAX’s one-of-a-kind movie-going experience.”
Last October, it was announced that both companies had reached their first joint multi-picture agreement for upcoming tentpoles including “Deadpool” and “Independence Day Resurgence.”
“Deadpool” proved to be a huge success on the IMAX platform. In February, the stock surged after the “Deadpool” bonanza, with investors jumping on the bandwagon after reports that “Deadpool” generated $27.5 million at IMAX theaters during its four-day global debut, the highest ever for a February opening.
In April, two months after the film’s release, the company unveiled first-quarter 2016 financials, reporting a 48 percent year-over-year sales increase, thanks primarily to strong box office figures. IMAX hauled in $92.1 million at its top line, up nearly $30 million from its $62.1 million take in Q1 of 2015.