‘Parasite’ Getting One Week Imax Release As Oscar Winning Best Picture Looks To Fly Past $50M+

Breaking News, IMAX, Movies, Neon, Parasite

Here’s something to sail NEON’s Parasite past the $50M mark at the domestic box office: The 4x Oscar winner, including, best picture is getting an Imax release in 214 U.S. and Canadian auditoriums tomorrow for a one week release.

The Cannes Palme d’Or winning movie was digitally re-mastered into the Imax format.

In the wake of making Oscar history as the first foreign language film to win Best Picture and the first Korean film to win Best Director for Bong Joon Ho, Best International Film, and Best Original Screenplay, Parasite saw a jump in its total domestic cume of +22% last weekend following its wins, one of the best surges for an Oscar Best Picture in the past five years besting the post Oscar ceremony weekend jumps of Green Book (+9%), Shape of Water (+6%), Moonlight (+13%) and Spotlight (+6%). Parasite‘s weekend-to-weekend jump was +245% but that’s also because the Oscar winner ticked up its theater count by 941 locations to 2,001.

Parasite recently passed Eugenio Derbez’s Instructions Not Included to become the 4th-highest-grossing foreign-language release of all-time at the domestic box office, behind Sony Pictures Classics’ four-time Oscar-winner Crouching Tiger, Hidden Dragon ($128.1M, 2000), Miramax’s three-time Oscar winner Life Is Beautiful ($57.2M, 1997)and Miramax’s Hero ($53.7M, 2002).

Outside of event movies, Imax will program adult titles in their large format during the off-season, i.e. Fifty Shades of Grey and American Sniper being earlier examples.

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