Nolan's 'The Odyssey' debuted with $264.1M globally, besting 'Oppenheimer.' IMAX posted a record weekend. Disney's live-action 'Moana' slid to $19M in its third weekend.
Alpha Score of 53 reflects moderate overall profile with strong momentum, weak value, weak quality, moderate sentiment.
Christopher Nolan’s “The Odyssey” launched with an estimated $124.5 million in domestic ticket sales and another $139.6 million from overseas, for a global total of $264.1 million. The opening topped the $82 million domestic launch of “Oppenheimer” and marked Nolan’s best debut since “The Dark Knight Rises” in 2012.
The Universal Pictures release carried a $250 million production budget and another $125 million in marketing costs. Nolan shot the film entirely with IMAX cameras, and the format drove a large share of ticket sales. IMAX posted its best weekend ever with $29.6 million domestically and $51.8 million globally from the film. Only 41 screens could show the 70 mm version. Those few screens generated $6.3 million. Rich Gelfond, IMAX chief executive, said the format helped turn the movie from a blockbuster into a global cultural event. “We have tickets on sale for week five in some theaters and some of them have already sold out,” he said. IMAX is dedicating all its screens to “The Odyssey” for three weeks.
The film earned an A CinemaScore and 95% fresh on Rotten Tomatoes. The audience skewed 59% male. Jim Orr, head of domestic distribution for Universal, said the draw was “ridiculously broad” across demographics and geography. “It’s delivering for a 17-year-old dude and it’s delivering for a female that’s 55 and up,” Orr said. He added that he expects a long run through the summer and into the fall.
In second place, Walt Disney Co.’s live-action “Moana” earned $19 million in its third weekend, sliding 56% from its $43 million opening. In two weeks it collected $178 million worldwide, a weak result for a film with a $250 million production cost. Disney’s “Toy Story 5” and Universal’s “Minions & Monsters” each grossed about $15 million. Disney’s Alpha Score stands at 40 out of 100 on AlphaScala’s rating system. DIS stock page
Domestic ticket sales are running 10.4% ahead of last year, according to Rentrak. The industry expects the first $10 billion year at the domestic box office since the pandemic. Hollywood is enjoying its strongest summer since 2019.
Gelfond said presales for the movie’s second weekend rank among IMAX’s 10 best presales. IMAX 70 mm screenings are largely sold out for the next month except for some front-row seats. The next major competitor is Sony’s “Spider-Man: Brand New Day” on July 31, which also stars Tom Holland and Zendaya. Both actors appear in “The Odyssey.”
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