IMAX Corp. completed its merger with the Trumbull Co., bringing together innovators in large-format film and special effects, in a $ 100 million deal. WGIM Acquisition Corp. acquired both companies, then made Trumbull a wholly owned IMAX subsidiary.
WGIM, comprised of Trumbull founder Douglas Trumbull, Cheviot Capital Advisers Inc. and Wall Street power Wasserstein Perella Partners, funded a portion of the deal through a $ 70 million senior notes offering from Wasserstein’s securities arm. Sources expect WGIM to offer equity in the new entity shortly.
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AT&T, Tele-Communications Inc. and US West said their cooperative trial of video-on-demand and pay-per-view services in Denver will be extended until June 30. “Hits at Home” will be improved to provide personal intermissions that allow customers to take a break from a movie and to pick it up 15 minutes later on a different channel.