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home / news releases / paramount s top gun sequel soars again to hold box o


IMAX - Paramount's 'Top Gun' sequel soars again to hold box-office lead

Top Gun: Maverick easily outperformed expectations in its second weekend to keep dominating movie ticket sales and deliver some relief to studio Paramount (NASDAQ:PARA) (NASDAQ:PARAA). The follow-up outing from star Tom Cruise's latest film held its business significantly better than expected, dropping just 29% to gross $90 million in the latest update. To put that in perspective, even blockbusters tend to see around a 50% drop-off in their second weekend from big openings - and the $90 million follow-up is a better total in absolute dollars than any of Cruise's previous films' opening weekends. The 29% decline was a record low for films that opened to $100 million or more, Variety notes. The film is flying further on strong word-of-mouth (a rare A+ grade from audience tracker CinemaScore) and uniformly positive reviews (aggregator Rotten Tomatoes gives the film a 97% score out of 100%). It's quickly become Cruise's biggest domestic hit

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Paramount's 'Top Gun' sequel soars again to hold box-office lead
Stock Information

Company Name: Imax Corporation
Stock Symbol: IMAX
Market: NYSE
Website: imax.com

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