Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

by admin February 23, 2025
February 23, 2025
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday.

That volume would mark the best box office haul for the company, which specializes in high-resolution cameras, film formats, projectors and theaters.

“I think it’s going to be a very strong year,” Gelfond said in an interview with CNBC’s “Squawk on the Street.” “The first thing that drives that is the slate.”

Gelfond pointed to several blockbuster titles slated for release in the next 10 months, including a new “Mission Impossible,” a live-action “How to Train Your Dragon” film, another “Jurassic Park” installment, a sequel to “Zootopia” and a third “Avatar” release.

Hollywood production issues led to fewer theatrical releases and smaller ticket sales in 2024, with box office receipts down 3.4% from 2023 to $8.74 billion. Already, the 2025 slate appears more robust, with more titles and bigger franchise films.

Aiding IMAX’s lofty box office goals is the Chinese title “Ne Zha 2,” which has already garnered $1.6 billion globally. It is the first film to have topped $1 billion in a single country. Gelfond noted that IMAX accounted for $135 million of the film’s total box office.

“We’ve done more box office in China in the first six weeks of this year than we did the whole year last year,” he said.

He added that “Ne Zha 2” is doing “like $100 million a day,” and that IMAX has accounted for around 13% of the film’s box office receipts.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “How to Train Your Dragon” and “Jurassic World Rebirth.”

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Unlocking the Secrets to Profitable Semiconductor Investments
next post
Editor’s Picks: Gold Price Passes US$2,950, Trump Promises Fort Knox Audit

Related Posts

Novo Nordisk to build $4.1 billion North Carolina...

June 26, 2024

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

FTX lawyers accuse Sam Bankman-Fried of financing his...

July 25, 2023

New home construction jumps, raising hopes for better...

December 20, 2023

Rite Aid shutting down 27 more locations, bringing...

June 24, 2024

Procter & Gamble to cut 7,000 jobs as...

June 10, 2025

The IRS’s new, free ‘Direct File’ service for...

February 28, 2024

Federal Reserve holds interest rates steady as consumer...

February 1, 2024

Universal’s new Epic Universe park set to generate...

April 16, 2025

Applebee’s owner Dine Brands to lean on value,...

March 8, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Presenting on Emerging Growth Conference 87 Day 2 on October 23; Register to live stream

    • CHARBONE annonce la reception des principales composantes sur le site de Sorel-Tracy et le lancement des travaux civils

    • CHARBONE Announces the Reception of the Main Components at the Sorel-Tracy Site and the Launch of Civil Works

    • Allied Critical Metals Drills 10.0 Metres of 1.11% Tungstenat Borralha

    • Canadian Investment Regulatory Organization Trade Resumption – WHY

    Categories

    • Business (1,401)
    • Investing (3,057)
    • Politics (3,699)
    • Stocks (1,827)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved