IMAX is exploring sale, WSJ reports

IMAX

21/05/2026 23:38

May 21 (Reuters) - Cinema operator IMAX IMAX.N is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The process is at an early stage and may not lead to a deal, according to the report.

IMAX declined to respond to a Reuters request for comment.

IMAX is an "incredibly valuable player, either as a wholly differentiated, publicly-traded company or as part of a larger company," CEO Rich Gelfond had said during its investor day in December.

For the fist quarter ended March 31, the cinema chain operator
reported a 6% drop in revenue to $81.4 million, but beat analyst expectations of $80.28 million, according to data compiled by LSEG.

IMAX's domestic box office market share rose to a record 5.2% last year, up from 4.5% in 2024, while its global market increased to 3.8% from 3.1%.

 (Reporting by Sahil Pandey in Bengaluru and Juby Babu in Mexico City; Editing by Diti Pujara)

 ((Sahil.Pandey@thomsonreuters.com;))