“Clint decided to try it and he just loves the cameras,” Imax CEO Richard Gelfond told Variety.
Eastwood used the Alexa Imax camera to capture Sully’s heroic plane landing in the Hudson. When “Sully” opens on Sept. 9, it will be the first film released where virtually the entire movie was made with the technology. Anthony and Joe Russo, the directors of “Avengers: Infinity Wars Parts 1 and 2,” will use a new 2D digital Imax camera to shoot all of the two-part films. But those films don’t hit theaters until 2017 and 2018.
Imax hopes that as many as five films a year will be shot using its cameras. Roughly a half hour of next month’s “Captain America: Civil War” was filmed with Imax cameras.
Imax is riding high after a stellar first quarter earnings report on Thursday. Revenues at the company behind wide-screen entertainment complexes rose 48% from the prior-year period to $92.1 million, while adjusted earnings per share hit 22 cents — a 214% jump from the year-ago period. That easily trumped Wall Street projections, and the stock has been on a tear all morning.
Gelfond attributed the success to “Deadpool,” “Zootopia,” and “Batman v Superman: Dawn of Justice,” films that in another era would have been reserved for the summer popcorn movie season.
“The fact that the movies worked on a worldwide basis and they were spaced out into untraditional periods helped,” said Gelfond. “Usually the first quarter is one of the weakest ones. But this year we had such good content.”
Gelfond thinks that studios will continue to space out their bigger films. He cites “Sully,” which stars Tom Hanks and Laura Linney, as evidence of the new approach.
“I think we’re going to keep seeing this trend toward spreading out films throughout year,” said Gelfond.