Theater chains that include Cinemark (CNK) and Regal have had talks about how to better compete against big-screen service of Imax (IMAX), Bloomberg’s Thomas Buckley reports, citing people familiar with the matter. The chains may unite around a single new brand name to screen films in a new premium format, the report states.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IMAX:
- IMAX, HOYTS Cinemas relaunch partnership for up to five new laser locations
- Goldman Sachs Says Avoid These 8 Stocks Ahead of Q2 Earnings
- IMAX Expands Credit Agreement with Wells Fargo
- IMAX Earns 5 Buy Ratings as Analysts Back $1.2 Billion Forecast
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!