General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018.
Lars Niki | Getty Images Entertainment | Getty Images
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
