IMAX Explores Potential Sale to Entertainment Firms
Cinema operator IMAX is reportedly in the early stages of exploring a sale and has reached out to potential buyers. While the company recently reported a record domestic market share of 5.2 percent, it declined to comment on the ongoing process.
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IMAX CORP is exploring a sale after approaching entertainment companies as potential buyers, the Wall Street Journal reported on Thursday. The cinema operator reported a 6% revenue decline to $81.4 million during the first quarter ending March 31. This matters because a potential deal would reshape the high-end cinema technology landscape.
