Imax Corp. has acquired Ssimwave, an Ontario-based AI-driven tech firm whose clients include media giants from Disney and Paramount Global to Warner Bros. Discovery and NBCU parent Comcast. It’s a cash and stock deal worth $21 million. Imax has also worked with Ssimwave, an expert in enhancing on-demand and live visual imagery for broadcast and
Mergers and Acquisitions
In the wake of Monday’s news that Amazon is making a go at MGM, it’s been radio silence. As of today, we hear that both sides remain actively in talks, and want to get the deal done soon but the time frame remains undefined. With Amazon’s recent acquisition of big pics like Paramount’s Coming 2
A word for stocks in 2020: epic — as in monumental, as a bona fide crash in the spring alternated thereafter with convulsions of angst and optimism reflecting a world turned upside down by the first global pandemic in a century. Major indexes from the Dow Jones to the Nasdaq, S&P 500 and Russell 3000
AMC Entertainment wants to buy back and revive a handful of bankrupt theaters that are staggering like the rest of the industry under little to no revenue. AMC, pushed by the Department of Justice, sold the theaters when it acquired Georgia-based Carmike Cinemas in 2016. Now it’s filed a motion in U.S. District Court for
U.K. exhibition giant Cineworld is backing out of a deal to acquire Cineplex of Canada claiming the company has both breached the deal terms and experienced an unspecified “material adverse effect” that has caused Cineworld to pull out. In a tortuously worded press release late Friday, Cineworld — the owner of U.S. chain Regal –indicated