The movie-screen company has approached potential acquirers about a sale, according to The Wall Street Journal, as moviegoers increasingly opt for higher-priced theatrical experiences. (The Wall Street Journal)

Talking point: IMAX, which was founded in Montreal in 1967 by four Canadian filmmakers and engineers, is now valued at roughly US$1.86 billion. The company has ridden the growing popularity of premium movie formats, with its shares on the New York Stock Exchange rising about 43 per cent since last year. CEO Richard Gelfond told investors in December that IMAX could create value either as a standalone public company or as part of a larger organization. Premium formats reportedly accounted for 16 per cent of North American ticket sales through early April, while IMAX’s share of the domestic box office increased from 3.2 per cent in 2019 to 5.2 per cent last year.