Hollywood
IMAX CEO Rich Gelfond Reveals Expansion Plans with 4 New 70mm Movies Slated for 2027
BY SACNILK
IMAX CEO Rich Gelfond has just released a new interview detailing the company's roadmap, which includes at least four unannounced movies slated for a 70mm release in 2027. This move follows a string of sold-out theatrical runs that have proven the massive audience appetite for authentic film projection. Gelfond's insights confirm that IMAX is no longer treating the 70mm format as a relic of the past but as a central part of its global strategy for the coming years. One of the most exciting takeaways from the interview is that IMAX currently has at least four unannounced movies slated for a 70mm release in 2027. While the specific titles remain a secret for now, this commitment shows that filmmakers are increasingly prioritizing the unique aesthetic and scale that only film can provide. This isn't just a one-off event but a growing movement that aims to give major tentpole releases the grand theatrical platform they deserve. The buzz is already building for 2029, with enthusiasts eager to see how the next wave of visionary directors will push the boundaries of this format. (adsbygoogle = window.adsbygoogle || []).push({}) To support this growing demand, IMAX is essentially going on a scavenger hunt to increase its global capacity. Gelfond mentioned that the company is looking to track down and refurbish old 70mm projectors, with a goal of adding 10 more units to their current fleet. This would represent a 30 percent increase in capacity by the year 2027. The ultimate objective is to have roughly 75 of these specialized 70mm projectors functional across the globe. For context, the historical peak was around 102 projectors during the run of The Dark Knight Rises, so getting back toward that number would be a significant milestone for film preservation and exhibition. The expansion plan is also looking beyond North America. Gelfond expressed a clear desire to bring the 70mm experience to major markets like India and China, moving away from the saturation currently seen in the United States. He highlighted the incredible success of the IMAX 70mm screen in Melbourne, Australia, which has been recording insane numbers lately. This global interest proves that audiences everywhere are willing to seek out and pay for a premium, authentic film experience if it is made available to them. (adsbygoogle = window.adsbygoogle || []).push({}) The CEO also addressed the competition, specifically touching upon Disney's Infinity Vision. He characterized this as a clever way for Disney to market and brand their own premium releases, especially when IMAX screens are already occupied by other major studio tentpoles. While IMAX stands for the biggest cinematic events, Infinity Vision provides a dedicated branding tool for Disney's slate. This highlights how crowded the premium large format market has become, with IMAX still holding the crown for the most sought-after film experiences. Finally, the interview provided some rare transparency regarding the costs of these presentations. We now have a clear figure on the production of these massive reels: each IMAX 70mm film print costs roughly 50,000 dollars. When converted, this is approximately 48 lacs in Indian currency for a single print, and that is before you even consider the significant costs of international shipping and logistics. Despite these staggering expenses, the fact that screenings are consistently sold out for months indicates that the investment is paying off. The era of high-fidelity film projection is clearly entering a new golden age, and the roadmap for the next few years looks incredibly promising for moviegoers worldwide.