IMAX 매각 추진 소식 🎬

Cont. 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.” Gelfond recently returned to work part time after taking medical leave due to a serious bout of pneumonia.

IMAX stock has risen about 40% since last summer, though it is down 7% so far this year. Its market cap is about $1.85 billion, making it a relatively small acquisition for most potential buyers.

One big question would be whether a Hollywood company that bought IMAX would favor its own movies over those from competitors. Every studio releases movies on IMAX and fights with rivals to secure the premium screens when multiple films open simultaneously.

Netflix recently announced it will release a November movie starring Brad Pitt and directed by David Fincher exclusively on IMAX screens for two weeks before it starts streaming. Next February it’s playing the big budget literary adaptation “Narnia: The Magician’s Nephew” in IMAX and other theaters seven weeks before it hits the streaming service—its first full-scale theatrical release.

---

This is an interesting play

Could also be a catalyst acquisition for PSKY