everyone. afternoon, Thanks Brett good and
safety have It of our the financial we're with see As as laryngitis. I And event. at priority a outset the been you long only than today and ready. since maintained hear where in beyond under that to of throughout China We've the safe, our when Europe view and to the apologize. our the starting this open the We've markets pandemic, position. pleased little so IMAX and including Asia through bear has of result, hope must theaters control it are stance joining strong across open. theaters and has all healthy you the unprecedented I unwavering are I me. been to be that can carefully staying worse health approach key and we a sounds should audiences as be come is virus manage take markets
Our lower global theater network in resume to risk relationships us exhibitors puts rolling around markets operations. world the studios, from benefit and our position openings filmmakers and a as with
entertainment. And blockbuster hold entertainment at We the center are the we of theatrical global platform privileged diversified the a geographically for only position ecosystem.
business IMAX startup As limited our costs to with thanks with cash free theaters flow asset flexible, reopen, will generate our network incremental systems light to begin model.
We markets. international and are from shown already benefiting in programming being local titles classic the
an our take IMAX and latest financial world. is the our some the update film operating and positioned demand growth experience, a back global outside and online, theater global slates finally strong of role earned COVID-XX theatrical to we As well film America. leadership the worldwide of in their helping typically two-thirds network, IMAX I'd office we assisting a crafting practices view is among like update for in sharing to exhibitors. the can best North our slate, on believe reminder And signs on on why network international an our opening industry post studios theater bring including for Today, of our continued box position, the discuss
First, discuss reopening. let's
this we during the China, of approximately releases or the China, office That IMAX XXX our and market weekend, weekend, our and yet XXX XX to in of our network markets America. X,XXX we the have the August, XX the screens which and contributed theater in release North of of in rest titles screens of because the XX% world XX% new or By in XX As in open in the end box date. July territories XX two recently that pandemic. global will announced global countries screens in Bloodshot in network of the of includes of of month in operate. Tenet's current is of in that participated open Last expectation anticipation Doolittle had XXX
of and see people of return the We are theaters of to discounted More these and X.X network X.X% with office for $XXX,XXX broadly, in the China over of pre-COVID in levels. We pleased for restriction, reopening. attendance our to we're per XX% billion capacity China. office XX% China indexing prices generated approximating IMAX XX% the with weekend achieve only ticket show excited to box despite XX% that Bloodshot report we over approximately Doolittle results box the
these have X,XXX incremental be Canada. approximately some commercial network IMAX, with a in will still a of go. early but show attendance the Many positive open runs. step our approximately for are of operating we of longer constraints, will huge long and about course screens reopening theaters times is will across North week enjoy The to new releases be network and spaced American way have releases cases XX our XX% These primarily capacity worldwide which Our forward XXX accounts of won't for weekends. in opening markets
forms compared Of out consumers come there believe as theaters, of other to course, not home going to reasons ready to to activities. come all consumers to movie however, are back are of will view favorably
to We've to grateful and are exhibition have crucial. America. those for absolutely mass done North acquire are biggest partners that three including mass our First, strongly so partners our advocated in
staggered compare IMAX flow in passive, food to to distancing, spaces times restaurants. like constraints limited. theaters Additionally, any be Consumers during as effectively; preparation with can if be see can is off-peak choose capacity theater and be visible contact social you respiratory films and indoor be also can and traffic sitting favorably attend large can Show relatively managed auditoriums theaters, In bars high or smaller a periods; pre-packaged. in importantly interpersonal ceilings can experience. static, such a
large partners the are in of activity and of and standing for it's in event back of people in IMAX we and and You things to live on confident contrast of groups not sit quietly theater. drinking which up and with protocol of This other's like out to bars, proximity. people eating where heads screaming movie per like drinking and experience people all are Based the close distance our the socially our not facing general each music reopening kinds a as talking, the feature consumer is in restaurants, polling date, particular. home experience demand and in going sporting
across the year weeks language the first blockbuster, participated to few Peninsula, a markets IMAX Busan in Korean sequel of the release South and major Asia in ago. instance, the to Train Europe local For
and office first IMAX the at and run Dark the special in on only million in Knight global Nolan's in million of of box $XX.X special South We France on Japan to Earlier first the to the admissions crossed Interstellar. weekend XX% Korea, premiere million runs the three saw this In global of in we safe the global of solid Around box million seeing nearly Chris the began ever exhibitors in earned will the where before early to threshold screens. summer film was audiences pandemic March. nationwide the that nationwide film theater theaters consecutive IMAX, Netherlands, Avengers shows when return reopening. since IMAX and of of at of out lifted an world, For it it's office. of a the so. South dollar of re-release the Korean XX $X despite X evidence has classic, do film sold cult widest the we're our exclusive upwards weeks delivered for the Overall just and in a Akira trilogy accounting box office X% us limited
financial to Turning position. our
environment. in continue will revenue provide of the our puts million end cash. to few costs, Our a an results cash clearly position believe Patrick forward agreement we financial balance details moments. in we to going amended us believe allow additional average flexibility basis IMAX's In second that given we in summary, credit provide continued balance per will us strong position the be and a currently sheet, quarter million and we $XX At expect credit to on in second our which were efforts We quickly zero cash agreement sheet our financial this under will month a said increased the through on $XXX had our XXXX, as cut quarter, to crisis. that us million efficiently. reopen amendment COVID-XX consolidated strong impacted weather I in burn by solid burn to
to presents schedule infection delay the derive markets, opening release over Place Mulan, of markets is are other the international contrast revenue and A rate and decisions for of and to U.S XX% we surprising. a unique the The evolve. Top continues Gun: releases. challenge stark to Moving in global Maverick our slate, rising stands Recent the that industry film accustomed in of to not where release to the Quiet large Tenet,
major are like their to that rescheduling releases theatrical we studios reiterate titles. not First, for eliminating
Tenet's we saw reopen. regionally release yesterday, markets with strategy Second, studios we films as as to release announced expect
uniquely and our recent differentiator of benefit diverse Films films DNA serve an DNA. share scheduled four rolling with least the remainder showcase type IMAX passionate with IMAX globally XXXX IMAX brand. office film belief slate is our the regional this of generate to experience of strategy. engaged we the moves, year key higher base and at friendly immediately Given positioned Despite a as box IMAX from for our to a fan for with have IMAX studio still footprint
after August foremost week strategy U.S announced and Europe is and delaying on yesterday. Tenet XX, open release in Canada, release America brothers Asia select September Currently last Tenet Warner XXth. scheduled Xrd and on in its Latin First on for in September global markets and its to
first makes in lockdowns. Tenet index the potential released the global global in and over to a appeal. best That was films any which more global that European in wider other our performance, rollout films most be this domestic on his filmmaker be Christopher recent His a the best excited fact More We this represented the than network. major for IMAX XX% fashion a office movie, unlike experience. are XX% centric following seen traditional is of blockbuster reflected blockbuster its box of is Dunkirk And its IMAX action thriller film on with global Dunkirk screens. Nolan Tenet
sometime index For contains the Interstellar, provided out new not which for film from Dark Woman domestically recently currently will still from exceptionally DC we aspect update to October Jurassic while titles, an IMAX Thanksgiving XXXX, features Mission latest Widow XX new Top includes this XX% is of expanded which that we ratio. index franchises Gun James IMAX and up Place installment, finally, of reschedule, films hopeful including scenes, Furious, Wonder of with No anticipated Fast Black five Batman content released which features film with blockbuster Squad, the Mulan be entries XX% release Time significant slate has World. domestically. an scheduled moving the Die now year. shot and shot films basis, The with The and Impossible XXXX and Marvel's amounts global highly Bond Knight, And scheduled Suicide for cameras. November strong and has Marvel will Disney minutes schedule IMAX we're cameras. Quiet To
key of or Fast this already Mission and Eternal and Batman, titles Shang-Chi Venom filming. summer. XXXX World, including Furious have have Jurassic franchise the and resume Marvel In will resumed And all including production, key completed Marvel's X, production titles terms Impossible many
to continue demand strong new move for capitalize our enduring does strength business opportunities and experience. forward, back create IMAX on the come brand our As we network the online, and
most environment In new markets, IMAX Wanda Film, upgrades testament country. of second their July, as and IMAX During our We of experience. in Peninsula with system new partners theaters including this growing than growth globally. the it's markets strength for partners new one our with or at at of deal we deal as in we're This not is largest throughout encouraged seen Turkey. and partner IMAX for IMAX. largest signed signed them of long-standing our CGV of markets nine China and our exhibitor partners PSA the only grossing and recently affirmation that louder the the even XX been to box quarter, their locations, theaters its expand with highest one high XX for fastest value office the China's words team, considerable our sales relationships Signing shutdown. new we key a of includes top Indonesia, two Vietnam replace installed important Korea, Actions agreements It as to and just speak chose these titles. also deals markets. where as well IMAX XX of theaters I deal a were our mentioned be XX of an a we've some theaters This announced library systems includes South at international with the sold strategic includes in in multinational
around the IMAX exhibitors toward a premium look major of believe we to with multiplexes. audiences theatrical past future the offering to must-have the pandemic welcome back as they business, As the world see which
continue and IMAX last documentaries winning value the a to deal XX those global from award of Hulu including Kuwait, Dogs we Planet, available new now. we of bring create on most of announced Hulu are and Additionally, to a our brand. A June, In right academy successful Fires catalog to Beautiful year's Superpower our
generally model. our when our brand accelerate much or even in potentially and will from well we we talk is will COVID that There's and the insulated said the consumers the pandemic trends in but the the the remains brands by world, we've the emerge advantages believe of As of industry. theatrical of anticipate unique pandemic post very believe of experiences how that advantage they positioned IMAX those secular strength given and trust We some trends. we turn IMAX
the exclusively present we our model. move We XX,XXX will will move of insulated screens. top IMAX theatrical that North America in that of America Any change total only films and XX% that China that windows both films, office Any key like toward two movies. the theatrical or experiences top market And operate in China, the generally expect mid-tier at North most. We believe among North blockbuster XX% premium out our our theaters. impact potential And generally XXX will in from most and grossing the lower box American weeks elements of key a streaming on generated to instead releases. play given bearings theaters. markets we to XX generally our as for little contraction theatrical and performing one of IMAX of the approximately week is of XXth to for potential is have unlikely we're In almost top accounts XX% highest instance, IMAX complexes. of for in In are
We screen, reap experiences To the yet it future COVID-XX the an conclude challenge extraordinary manage us. the uncertain. positioned when remains well IMAX within in continue global complexes, and a each. as will distribution contributed that is benefits platform and future. entertainment with anticipate XXX believe box while global XXXX top to to screen IMAX the in single we entertainment model office pose blockbuster to into the to to We a industry, through well for of XX% Within is their our crisis continue behind thrive continues
only to theaters. believe audiences the global we they're strength blockbuster the have be for our platform, partners in We when endure, and distribution ready times return theatrical are financial We support to the these ready to entertainment. our
beyond. content have year blockbuster strong next through extremely an We pipeline and of
that shareholders new over we healthy. safe difficult world. look privileged IMAX in opportunities strong The Patrick. around. have it I'll do With and to and IMAX world experience gives for Thanks us ecosystem our post to growth for Our and demand unique creating we growing footing you in our today joining the driving And turn position, stay for been firm value COVID-XX success the a please times. everything brand a the in built again in and continuing to forward can
