D-BOX Benefits from Moviegoers Flocking to Theaters
Audiences are Willing to Pay More for a Premium Experience
MONTREAL, July 19, 2022 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO), a world leader in haptic and immersive entertainment, is excited to announce that June 2022 was D-BOX’s best month ever in terms of number of tickets sold on a global basis. We are thrilled that moviegoers around the world continue to trust us to give them the most immersive theatrical experience there is. We look forward to keeping this momentum going with an exciting list of upcoming movies!
According to the , for the first time since the pandemic began, revenue at the domestic box office almost crossed $1 billion in June with blockbusters such as “Doctor Strange in the Multiverse of Madness”, “Jurassic World Dominion”, “Elvis” and the major success of 2022 so far, “Top Gun: Maverick” which all benefited D-BOX. This last one has been a true blockbuster, grossing north of $1.11 billion globally since its release and still going strong a month later. With nearly 800 screens all around the world, D-BOX has no equal in delivering full body haptic immersion while watching a movie, as each seat is synchronized with the action on the screen essentially pulling people into the story like never before.
D-BOX is excited to add its trademark haptic experience to several highly anticipated films until the end of the year (over 30 films have already been confirmed by movie studios). The key D-BOX theatrical films set to release in coming months include highly anticipated and the re-release of studio classics:
- Nope
- DC League of Super Pets
- Beast
- The Invitation
- The Woman King
- Smile
- Lost Boys - Re-Release
- Black Adam
- Trick 'R Treat - Re-Release
- Devotion
- Polar Express - Re-Release
- Elf - Re-Release
“These results confirm moviegoers want something special when they go to theaters,” declared Sébastien Mailhot, President and CEO of D-BOX. “We are excited to continue our collaboration with our different studio partners to be able to add the D-BOX haptic technology to a variety of different film genres; from action and horror to family-fun movies.
With these upcoming movies and the pandemic having reshaped many aspects of the theatrical experience, D-BOX remains supportive in offering a variety of films to its partners and to D-BOX fans across the globe.
ABOUT D-BOX
D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it’s movies, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with offices in Los Angeles, USA and Beijing, China. Visit .
FOR FURTHER INFORMATION, PLEASE CONTACT:
| D-BOX TECHNOLOGIES INC. | |
| Stéphane Vidal Vice President, Product and Brand 514 826-1903 | David Montpetit Chief Financial Officer 450 999-3216 |
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain information included in this press release may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information in this news release includes, but is not limited to, statements regarding upcoming film releases and the performance of such film releases at the box office; future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Corporation, or the assumptions underlying any of the foregoing. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Corporation’s expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Corporation.
Forward-looking information is provided in this press release for the purpose of giving information about Management’s current expectations and plans and allowing investors and others to get a better understanding of the Corporation’s operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose.
Forward-looking information provided in this press release is based on information available at the date hereof and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control.
