IMAX is exploring a sale and has approached entertainment companies as potential buyers, according to people familiar with the situation. The sale process is in early stages and may not result in a deal, the people said.
IMAX’s search for a buyer comes as premium theatrical experiences are growing faster than the overall box office. Movies have grossed about $2.9 billion domestically this year, the highest total for the comparable period since before the pandemic, according to Box Office Mojo.
Premium screens including IMAX accounted for 16% of ticket sales in the U.S. and Canada through early April, compared with 13% during the same period in 2021, according to data firm EntTelligence.
At an investor meeting in December, IMAX Chief Executive Rich Gelfond said his firm will be “an incredibly valuable player, either as a wholly differentiated publicly traded company or as part of a larger company.”
Will be bought by Paramount and become a Paramount exclusive format
they kinda had the industry and all the studios sweating and playing catch up/playing to IMAX’s rhythm. sad to see them fall in line. although if this leads whoever buys them to build 100s of more real imax screens for people all across the whole world i would be excited.
they kinda had the industry and all the studios sweating and playing catch up/playing to IMAX’s rhythm. sad to see them fall in line. although if this leads whoever buys them to build 100s of more real imax screens for people all across the whole world i would be excited.
^ this guy ^ is expecting a corporation to do something that benefits the public
^ this guy ^ is expecting a corporation to do something that benefits the public
Putting imax theatres all around the world would benefit the corp that buys it too
it is in the interest of whoever buys this to build hundreds more than they currently have
IMAX is kinda like…not a well managed company so not entirely surprised
It’s 2026 and there’s still numerous screens out there that haven’t even upgraded from Xenon projection. Quality bounces all over the places after you get past the the well known screens and theaters
As long as screens still exist and Hollywood uses its cameras I think this will largely be fine. They also depend a ton on overseas (China). Companies sell.
Putting imax theatres all around the world would benefit the corp that buys it too
it is in the interest of whoever buys this to build hundreds more than they currently have
they are literally just going keep licensing their names out to theaters who install liemax's
They know the odyssey finna flop
Smart.
IMAX is exploring a sale and has approached entertainment companies as potential buyers, according to people familiar with the situation. The sale process is in early stages and may not result in a deal, the people said.
IMAX’s search for a buyer comes as premium theatrical experiences are growing faster than the overall box office. Movies have grossed about $2.9 billion domestically this year, the highest total for the comparable period since before the pandemic, according to Box Office Mojo.
Premium screens including IMAX accounted for 16% of ticket sales in the U.S. and Canada through early April, compared with 13% during the same period in 2021, according to data firm EntTelligence.
At an investor meeting in December, IMAX Chief Executive Rich Gelfond said his firm will be “an incredibly valuable player, either as a wholly differentiated publicly traded company or as part of a larger company.”
crazy how much of this and our problems come down to real estate issues and rent