Shares in Imax rose sharply following reports of interest from potential buyers.
The Wall Street Journal reported that the company has attracted the attention of possible acquirers. This comes as major studios work to draw audiences back to theaters with immersive big screen experiences.
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Imax CEO Richard Gelfond has begun a temporary medical leave of absence to undergo treatment for pneumonia, the company announced on March 30. He will skip upcoming events including CinemaCon next month in Las Vegas. Senior executives are managing daily operations under board chairman Darren Throop.
Imax's revenues and profits fell in the first quarter of 2026, despite strong performances from 'Avatar: Fire and Ash' and 'Project Hail Mary.' The company posted $81 million in revenue, down 6.5% from last year, and net income of $6.2 million, down 26%. Results beat Wall Street expectations.
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Netflix shares rose more than 9% on Friday as investors welcomed the company's decision to withdraw from the bidding for Warner Bros. Discovery. The move ended a months-long competition with Paramount Skydance over key Hollywood assets.
Missiles continue to fly across the Middle East, boosting shares in defense contractors while causing declines in airline and cruise line stocks. JPMorgan analysts noted the conflict is creating clear leaders and laggards in the market. Investors are watching the Strait of Hormuz, which handles 20% of global oil supplies.
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Germany's DAX index hit 24,260 points intraday on Thursday, its highest level in six weeks, closing at 24,154 points up 0.4 percent. Investors are optimistic amid hopes for an end to Middle East hostilities between Iran and the US. The S&P 500, Nikkei, and MSCI World also reached records.
The New York Times delivered strong first-quarter results marked by robust subscriber growth, higher average revenue per user, and accelerating ad revenue. An analyst upgraded the stock rating to hold amid balanced prospects.
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Netflix has withdrawn from the bidding war for Warner Bros. Discovery, leaving Paramount Skydance positioned to complete the acquisition. The announcement came late Thursday at the London premiere afterparty for Warner Bros.' film The Bride!, eliciting relief among attendees but mixed reactions from global industry players. Concerns focus on consolidation's impact on film production and bargaining power, though some see benefits for theatrical releases.