IMAX Corp. (NYSE:IMAX) is reportedly testing buyer interest, with the company approaching entertainment firms about a potential sale, though discussions remain early and may not lead to a transaction, according to The Wall Street Journal.
IMAX stock is climbing. See the chart and price action here.
The review comes as premium large-format theaters continue to take a bigger slice of moviegoing demand.
The Wall Street Journal reported that premium screens, including IMAX, represented 16% of U.S. and Canadian ticket sales through early April, up from 13% during the same period in 2021, while IMAX said its domestic box-office share rose to 5.2% last year from 3.2% in 2019.
Growing Momentum
