Imax Might Sell Out, Disney Style
On Thursday, July 13, 2000, Imax Corporation announced that the company has brought in financial advisors Goldman, Sachs & Co. and Wasserstein, Perella & Co. to help maximize revenues for the company, which could include the sale or merger of the company. Imax co-CEOs Richard L. Gelfond and Bradley J. Wechsler said, "Imax has made tremendous strides in the last few years on several strategic initiatives including establishing the IMAX theatre network as a release window for Hollywood films and securing a role in the digital future of entertainment.