Imax Exploring Sale, Has Held Preliminary Talks With Potential Suitors

Imax has held early stage talks with potential suitors of the large-screen exhibitor, Deadline has learned, confirming an initial report today in the Wall Street Journal.

The news of a possible deal comes after Imax beat Wall Street expectations on both top- and bottom-line metrics in the March quarter and with the company in the midst of a hot streak with the success of Project Hail Mary and Avatar: Fire and Ash and more. It reaffirmed it expects to deliver a record $1.4 billion in global box office revenue from its locations globally in 2026.

The process is in a very early stage and may not result in a sale. Shares of Imax jumped more than 10% in late trading to about $38 on the WSJ report. While the stock is off its 52-week high of $44, it’s made considerable gains, up from $24 last summer and the mid-teens the year before. Investors have become much more bullish on the company as premium large formats take a disproportionate share of box office.

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