You will be redirected back to your article in seconds

Imax lifting goblet to ‘Potter’

'Fire' gives theater chain a boost

TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio.

Stock jumped more than 5% on the news that “Harry Potter and the Goblet of Fire,” the fourth installment of the film series based on J.K. Rowling’s best-selling novels, will be released in the Imax format day and date with its conventional release on Nov. 18 (Daily Variety, May 2).

The stock rallied further after co-CEO Richard Gelfond said Imax was not being shopped around, but added that “at some point it’s going to make sense for Imax to affiliate with a larger entity because of the resources.”

Gelfond said Imax may be open to a takeover offer, depending on the terms and timing of the bid. But he stressed management is not pushing to sell it off in the near future.

“Our momentum has really just started and I think we’d like to see more of the Imax puzzle put together before we embark on a sale,” he added.

More Film

  • Star Wars: The Last Jedi

    'Star Wars: The Last Jedi' Rockets to Dominant Social Media Buzz

    TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio. Stock jumped more than 5% on the news that […]

  • Oscars 2016 Red Carpet Placeholder

    Oscars: 10 Live-Action Shorts Advance in Race

    TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio. Stock jumped more than 5% on the news that […]

  • The Black List

    Post-World War II Revenge Thriller 'Ruin' Leads 2017 Black List

    TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio. Stock jumped more than 5% on the news that […]

  • Ryan Lizza Fired

    CNN Suspends Ryan Lizza After New Yorker Cuts Ties for 'Improper Sexual Conduct'

    TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio. Stock jumped more than 5% on the news that […]

  • Steve Beeks Lionsgate

    Veteran Executive Steve Beeks Departing From Lionsgate

    TORONTO — Imax Corp. shares jumped more than 10% to $8.60 on the Nasdaq on Monday after it said its giant-screen theaters would carry the next “Harry Potter” film and its topper said it would “make sense” to one day tie in with a Hollywood studio. Stock jumped more than 5% on the news that […]

More From Our Brands

Access exclusive content