IMAX could be for sale. Here's who would buy it
CNBC • • business
Key Points:
- IMAX shares surged nearly 14% amid reports that the company is exploring a potential sale, with preliminary talks held through intermediaries but no official pitches made yet.
- CEO Rich Gelfond has indicated openness to a buyout, and analysts view IMAX as undervalued and an attractive acquisition target due to its premium brand and expanding earnings.
- Potential buyers include private equity firms, Netflix, Apple, Sony, and possibly other tech and entertainment companies, while major Hollywood studios and exhibitor circuits are less likely due to conflicts of interest.
- IMAX's strong box office performance, record revenues, and growing "filmed for IMAX" content slate, including partnerships in international markets, support its growth prospects and expansion plans.
- The company expects to install 160-175 new IMAX systems in 2026, with hundreds more contracted, reinforcing its position as a premium entertainment technology platform.