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IMAX could be for sale. Here’s who would buy it
Moviegoers watch the film Ne Zha 2 at an IMAX GT Cinema on February 23, 2025 in Guiyang, Guizhou Province of China.
China News Service | China News Service | Getty Images
Wall Street is buzzing following reports that IMAX is exploring a sale.
Shares of the movie theater technology company were up roughly 14% Friday on speculation about potential buyers. A source familiar with the company told CNBC that IMAX has held “preliminary talks” through intermediaries, but no official pitches have been made by the company.
CNBC’s source spoke on the condition of anonymity due to the confidential nature of the discussions. The Wall Street Journal first reported the potential sale process.
While IMAX may not be actively pursuing a sale, CEO Rich Gelfond has left the door open for a possible buyout. In December, he told shareholders during the company’s investor day that IMAX is “an incredibly valuable player, either as a wholly differentiated publicly-traded company or as part of a larger company.”
Wall Street analysts broadly see IMAX as an attractive asset that could draw interest from a variety of businesses, from Hollywood studios and theatrical partners to fellow tech companies. Several analysts wrote that IMAX is currently undervalued.
“IMAX is a rare combination of a globally recognized premium brand, an asset-light licensing model, and a structurally expanding earnings profile,” Wedbush Senior Vice President of Equity Research Alicia Reese wrote in a research note published Friday. “IMAX is trading at a discount to what we believe the business is worth as a standalone entity, let alone as a strategic acquisition target.”
As of midday Friday, IMAX shares were trading at nearly $39 apiece for a market capitalization of roughly $2.1 billion.
“A prospective acquirer would be buying one of the most defensible moats in entertainment for what amounts to a rounding error on the balance sheet of any major studio or technology platform,” Reese wrote.
Who could buy IMAX
Reese suggested that IMAX’s most likely suitors would include private equity, Netflix, Apple and Sony.
Private equity would avoid any potential conflict issues, as there would be no competing interest for screens, she noted.
Netflix, meanwhile, does not rely on theatrical releases as part of its main programing strategy, therefore its conflict of interest would be smaller than traditional Hollywood studios. Additionally, owning IMAX would provide any filmmaker that signed on to work with Netflix the opportunity for premium theatrical runs and could act as a “powerful recruiting tool,” according to Reese.
As for Apple and Sony, both companies have strong technology businesses in addition to theatrical and streaming content. Although, Sony does not have its own streaming platform, while Apple has AppleTV.
“We would be surprised if any of the major Hollywood studios pursued an acquisition of IMAX given the competition with other studios for key IMAX release windows (and the likelihood that a studio would not want to share box office with another studio),” Eric Wold, executive director of equity research at Texas Capital Securities, wrote in a note to investors published Thursday. “By the same token, we do not believe any of the major exhibitor circuits would want another circuit to control the IMAX release slate and also share in its box office revenues.”
The potential buyer pool could be much wider, according to Mike Hickey, a Benchmark equity research analyst.
“We believe the potential buyer universe is unusually broad because IMAX operates less like a traditional theater chain and more like a premium entertainment technology platform,” he wrote in a note published Friday. “Logical strategic candidates include Sony, Apple, Amazon, Disney, Comcast/NBCUniversal, Netflix, Sphere Entertainment, and Cinépolis, alongside sovereign-backed entertainment investors.”
Why buy IMAX
Last year, IMAX generated a record $1.28 billion at the global box office, a more than 40% increase over 2024 and 13% higher than its previous record set in 2019.
Wold is projecting revenue of $448 million in 2026, higher than the $396 million the company collected in 2019. Additionally, he expects adjusted profit to reach $197 million, up from $149 million in 2019.
However, while IMAX is outperforming its 2019 metrics, its valuation has not returned to pre-pandemic levels, Wold noted. He reiterated that his price target for the company is $53 a share.
IMAX hit a 52-week high in late February, trading at $43.16 a share, but the stock has retreated following tough first-quarter comparisons to 2025, which included the record-breaking performance of China’s “Ne Zha 2.”
Additionally, the company lost Greta Gerwig’s “Narnia” film from the Thanksgiving holiday following an on-set injury that postponed production, leading to a significant gap in the calendar. IMAX has since replaced the film with David Fincher’s “The Adventures of Cliff Booth,” based on the breakout character from Quentin Tarantino’s “Once Upon a Time in Hollywood.”
The company still has Universal and Christopher Nolan’s “The Odyssey” and Warner Bros.‘ and Denis Villeneuve’s “Dune: Part Three,” due out in July and December, respectively, which are both expect to generate a significant portion of box office sales from IMAX screenings. That’s in addition to Disney’s “Toy Story 5” and “Moana,” alongside Warner Bros.’ “Supergirl,” Lionsgate’s “Hunger Games: Sunrise on the Reaping” and Universal’s “Minions & Monsters.”
“In 2027, the company has at least 10 filmed for IMAX titles, including Narnia and a good mix of core franchises (Star Wars, Superman, Batman) and other films like ‘The Thomas Crown Affair’ and ‘Miami Vice’,” wrote Steve Frankel, senior research analyst for Rosenblatt, in a note published Friday. “Beyond Hollywood, the company’s slate of local language titles continues to expand, including multiple titles Filmed for IMAX and alternative content, like live broadcasts of F1 races, continues to fill in gaps in the schedule.”
IMAX’s “filmed for IMAX” content is accelerating and expected to grow materially through 2028. Moviegoers are drawn to titles that have been filmed on IMAX cameras with the intention of being shown on the larger, more impressive screens. Previous titles include Nolan’s “Oppenheimer,” James Cameron’s and Disney’s Avatar films, as well as entries in the Marvel Cinematic Universe and from DC Studios.
But IMAX is also diversifying beyond the Hollywood landscape. Internationally, it has partnered with China, Japan and South Korea to screen local language content. In doing so, the company had reduced its dependence on any single market or single content source, Reese noted.
The company is also actively expanding. Around 160 to 175 IMAX systems are expected to be installed in 2026, with contracts to build hundreds more already in place, the company told CNBC last year.
“We continue to be believers in the IMAX story,” Frankel wrote. “The combination of the ongoing consumer shift to premium viewing experiences, the company’s growing influence with leading filmmakers and a film slate that has diversified beyond Hollywood tent poles to include local languages and alternative content, sets the stage for strong box office growth and margin expansion.”
Business
Costco patio swings recalled after seat detachments lead to injuries
Check out what’s clicking on FoxBusiness.com.
A Costco-exclusive patio swing is being recalled after multiple reports that the seat detached while consumers were using it, causing injuries and posing what federal safety officials called a risk of “serious injury or death.”
World Bright International Limited is recalling about 18,500 Agio Menlo Woven Patio Swings, according to a recall notice posted by the U.S. Consumer Product Safety Commission on May 14.
The recall involves Agio Menlo Woven Patio Swings with model number 1934256 that were sold exclusively at Costco stores nationwide and online at Costco.com from February 2026 through March 2026 for between $549 and $649.
POPULAR COSTCO KITCHEN GADGET RECALLED AFTER FIRE HAZARD LEAVES PERSON BURNED

There have been at least eight reports of swing seat detachments. (CPSC / FOXBusiness)
According to the recall notice, the swing seat can detach from the frame while in use, creating a fall hazard.
The company has received eight reports of the swing seat detaching from the frame, resulting in eight reported injuries, including impact injuries to consumers’ heads and arms.

The old open s-hooks are being replaced as part of the recall. (CPSC / FOXBusiness)
The recalled swings feature a black metal frame and swing arms, a fabric canopy and a padded brown outdoor wicker seat. The swing frame measures about 75 inches high, 71 inches wide and 48 inches deep.
Consumers are being urged to immediately stop using the recalled patio swings and contact World Bright International Limited for a free repair kit that includes replacement hooks and installation instructions.

Consumers are eligible to receive a free repair in the form of replacement hooks. (CPSC / FOXBusiness)
Consumers can contact the company toll-free at 888-383-1932 from 9 a.m. to 7 p.m. ET Monday through Friday, by email at recall@agioliving.com, or online at agioliving.com/pages/recall/patioswing for additional information.
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The swings were manufactured in China and imported by Costco Wholesale Corporation, based in Issaquah, Washington.
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Infleqtion Stock Surges 19.96% to $17.63 on $100M CHIPS Funding and Quantum Breakthroughs
NEW YORK — Infleqtion Inc. (NYSE: INFQ) shares rose sharply in morning trading Friday, May 22, 2026, climbing $2.93 or 19.96% to $17.63 as investors reacted to a $100 million funding letter of intent from the U.S. Department of Commerce and recent technical advances in its neutral-atom quantum platform.
The company announced on May 21 that it signed a Letter of Intent with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in proposed funding. The investment is contingent on achieving certain development milestones and is aimed at accelerating U.S. leadership in quantum computing technologies.
This funding complements broader government support for quantum computing. Reports indicate Infleqtion is among recipients in a $2 billion federal grant package that includes equity stakes for the government in participating companies.
On May 20, Infleqtion detailed several technical breakthroughs, including the release of resource-superstaq, an open-source architecture-level resource estimation package; a record-breaking dual-species rubidium-cesium entangling gate; a new theory preprint showing a path to neutral-atom entangling-gate fidelity beyond 99.9%; and a static magnetic-field approach to sub-Doppler cooling and optical atom transport.
Infleqtion reported first-quarter 2026 revenue of $9.5 million on May 14, up 14% year-over-year. The company raised its full-year 2026 revenue outlook to at least $40 million. It ended the quarter with $569 million in cash and no debt.
Infleqtion, formerly known as ColdQuanta, went public in February 2026 through a SPAC merger. The company specializes in neutral-atom quantum computing and quantum sensing technologies. It serves government, commercial and research clients with applications in computing, sensing, timing and navigation.
The company has secured multiple government contracts, including ARPA-E awards for energy grid optimization and quantum computing in chemistry and materials science. It also collaborates with NASA on a quantum gravity sensor mission.
Infleqtion delivered the UK’s first operational 100-qubit quantum computer and continues scaling efforts. It aims for more than 100 logical qubits by 2028.
Market capitalization exceeded $3.5 billion in recent trading. The stock has shown significant volatility since going public but has gained momentum on positive news flow and sector-wide government support.
Trading volume on May 22 was substantially higher than average as the funding and technical news circulated. Quantum computing peers including IonQ, Rigetti Computing and D-Wave Quantum also posted notable gains.
Infleqtion’s neutral-atom technology uses arrays of individual atoms as qubits, offering potential advantages in coherence times and scalability. The company has demonstrated high gate fidelities and is advancing error correction techniques.
The CHIPS funding is part of efforts to strengthen domestic quantum capabilities for economic competitiveness and national security. The arrangement remains subject to milestones and due diligence.
Infleqtion operates facilities in the United States, Europe and Asia. It partners with major organizations including NVIDIA for quantum-classical integration.
No new corporate announcements were released on May 22. The company’s next major update is expected with its second-quarter 2026 earnings later in the summer.
Analysts track Infleqtion’s progress toward fault-tolerant systems and revenue scaling. The company reported 2025 revenue of $32.5 million and targets at least $40 million for 2026.
The quantum computing sector continues to attract attention as governments and enterprises invest in potential applications for optimization, simulation, cryptography and artificial intelligence.
Infleqtion employs researchers, engineers and technical staff focused on advancing quantum hardware and software. The company maintains a strong cash position to support research, development and commercialization.
Investors will monitor execution on roadmap goals, new customer wins and deployment of government funding in coming quarters. The stock’s performance on May 22 reflects heightened market interest in quantum computing leaders.
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Kevin Warsh takes over US Fed with a policy problem already in view
An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess in real time. At the same moment inflation is already high and potentially heading higher as the economy copes with shocks including oil driven over $100 a barrel by the U.S.-Israeli war with Iran, high import tariffs and utility and some other costs rising due to the AI rollout.
The debate over policy is already at a high pitch, with Fed Governor Christopher Waller, a Trump appointee who was interviewed for the chair’s job, on Friday making a significant turn in his own thinking and agreeing with a group of recent Fed dissenters that the central bank should drop the “easing bias” from its policy outlook and open the door to a possible rate hike.
With recent data showing inflation broadening and intensifying across the economy, the Fed should “make it clear that a rate cut is no more likely in the future than a rate increase,” Waller said less than an hour before Warsh was due to be sworn in, comments likely to add to market sentiment already leaning towards tighter monetary policy and a potential rate hike later this year. Warsh, 56, won Trump’s backing for the job over the course of what became a year-long public audition among the top candidates – including one who will be seated alongside him on the Fed’s Board of Governors. Trump plans to swear Warsh in at 11 a.m. ET (1500 GMT) at the White House.
The new chair has laid out ambitious reform goals for a central bank he argues had begun to lose its way by the time he quit his former seat as a governor in 2011 in opposition to Fed bondbuying. Now, though, his first months may be consumed with the more pressing dilemma of whether to raise interest rates to keep inflation from moving further beyond the Fed’s 2% target, or to put his credibility as an inflation fighter, the quality he will ultimately be judged by, at risk from the outset.
“Inflation is the Fed’s choice,” Warsh said at a Senate confirmation hearing, with its control over short-term interest rates a lever it can use to boost or discourage spending, and in doing so try to keep inflation at a target the Fed has set at 2%. The Fed has missed its target for more than five years and is currently more than a percentage point above it. How to get inflation back down can involve hard choices that sometimes conflict with the policies and goals of the Trump administration, and sometimes with the Fed’s other aim of maximum employment. Warsh will be looking over his shoulder from the moment he takes the oath of office as the Fed’s 11th chair – at a global bond market that has begun bidding up interest rates in a sign of growing inflation concern, at colleagues like Waller who have begun setting expectations that higher rates may be needed, and at Trump, who in the past has viewed rate hikes as a political assault on his economic program and been sharply critical of outgoing Fed Chair Jerome Powell for not lowering borrowing costs.
Warsh’s comments and approach to ongoing disputes surrounding the Fed, including a coming Supreme Court decision on Trump’s so far unsuccessful effort to fire Governor Lisa Cook, also will be watched and compared closely to Powell’s staunch defense of Fed independence.The Fed’s next meeting is on June 16-17 when policymakers vote on interest rates and a new policy statement, and also submit new economic projections. One of Warsh’s first substantive decisions will be whether to submit a “dot” of where he thinks interest rates will be at the end of this year, and in doing so reveal whether his views are not so different from the colleagues he has slammed for “groupthink,” or become an outlier with views that could further confuse markets that are already driving up U.S. long-term interest rates.
The Fed’s monetary policy decisions influence an array of consumer-facing and politically sensitive interest rates like those on home mortgages, while its “choice” on inflation is now being made in the context of sticker shock over things like $4.50-per-gallon gasoline that are beyond its immediate reach.
Those have become visible reminders of Trump’s lack of progress on a key presidential promise that “starting on day one, we will end inflation and make America affordable again,” which is now in Warsh’s hands to deliver.
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Blake Lively and Ryan Reynolds Hit With $2.1M Contractor Liens on New York Estate
NEW YORK — Blake Lively and Ryan Reynolds face more than $2.1 million in mechanics liens filed by five contractors and subcontractors over construction work on their estate in Lewisboro, New York.
The liens were filed in April 2026, according to documents reported by TMZ and the Daily Mail. The total amount claimed is $2,108,856.63.
Flower Construction, a luxury construction company, filed the largest claim for $1,356,157.54. The company performed framing, brickwork, electrical systems, plumbing, drywall installation and heating-cooling infrastructure on the property.
Four additional specialized subcontractors filed separate claims related to excavation work, drainage systems and environmentally sustainable heating installations.
The couple purchased nearly 110 acres of land in Lewisboro in 2018. Plans called for a 14,500-square-foot main residence, along with a pool house, gym facilities and eco-friendly heating infrastructure.
Construction on the project slowed toward the end of 2025 and came to a complete stop earlier in 2026, according to reports. No official comment has been issued by representatives for Lively or Reynolds regarding the liens or the status of the project.
The timing of the construction pause overlaps with Lively’s widely publicized legal dispute with Justin Baldoni, her co-star and director in the film “It Ends With Us.” Lively accused Baldoni of sexual harassment and running a retaliatory smear campaign. Several counterclaims filed by Baldoni were dismissed, while multiple allegations from Lively did not proceed further in court.
Lively and Reynolds, who married in 2012, have kept details of their Lewisboro property largely private. The estate project was intended to create an ultra-luxury private compound.
Mechanics liens are legal claims against a property by contractors or suppliers who have not been paid for work performed. They must typically be resolved before the property can be sold or refinanced.
The couple has not publicly addressed the specific claims. No lawsuits have been reported as of May 22, 2026.
Lively, 38, and Reynolds, 49, are among Hollywood’s highest-profile couples. They have four children together and frequently appear together at public events and on social media.
Reynolds has built a successful career in film, producing and owning stakes in businesses including Mint Mobile. Lively is known for roles in “Gossip Girl,” “The Sisterhood of the Traveling Pants” and “It Ends With Us.”
The Lewisboro property is located in Westchester County, about 50 miles north of Manhattan. The area is known for large estates and privacy.
No building permits or construction updates have been made public since the slowdown was reported. Local authorities have not commented on the project’s status.
The $2.1 million in liens represents a relatively small fraction of the couple’s combined net worth, which is estimated in the hundreds of millions of dollars. However, such disputes can delay projects and create legal complexities.
Lively and Reynolds have not listed the property for sale. The estate was envisioned as a long-term family home.
This is not the first time high-profile celebrities have faced contractor disputes during large-scale home builds. Similar cases often resolve through negotiation or settlement.
The couple continues to reside primarily in New York while maintaining properties in other locations. They have not altered their public schedule amid the reported construction issues.
Lively has remained active in business ventures, including her haircare line and film projects. Reynolds continues work on “Deadpool” and other productions.
No timeline has been provided for resolution of the liens or resumption of construction. The contractors involved have not issued public statements beyond the filings.
The Lewisboro estate project began after the couple’s purchase in 2018. Early plans reportedly included sustainable features and extensive grounds development.
As of May 22, 2026, the property remains under the couple’s ownership. Public records show no change in title or major legal actions beyond the mechanics liens.
The situation has drawn media attention due to the couple’s high profile. Entertainment outlets continue to monitor developments related to the estate and any potential resolution.
Lively and Reynolds have historically maintained privacy around their real estate holdings. Details about the project’s scope and cost have not been officially disclosed.
The liens do not necessarily indicate financial distress. They often arise from billing disputes, change orders or project delays common in large construction endeavors.
Further updates are expected as the parties involved work toward resolution. The couple has not commented publicly on the matter.
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Family Mourns Steven Mattaboni, 38, Killed in Shark Attack Off Rottnest Island
PERTH, Australia — Loved ones of Steven Mattaboni gathered on a beach near Rottnest Island on May 22, 2026, to pay tribute to the 38-year-old father of two who was killed in a shark attack while spearfishing the previous Saturday.
Mattaboni was bitten on the legs by a four-meter great white shark. He died from his injuries.
His best friend of more than 30 years, Liam Thomas, spoke publicly for the first time since the death. “Steve had two great loves: his first great love was the ocean and he was a really talented fisherman, and his greatest love was his family,” Thomas said. “He was just so proud of his two beautiful daughters.”
Thomas described Mattaboni’s character during the beach tribute. “Steve truly was the type of person that would give the shirt off his back,” he said. “He was charismatic, loyal, funny, hardworking and had so many wonderful qualities that just made him so loved by so many people.”
Family and friends stood together on the sand at one of Mattaboni’s favorite beaches. They remembered him as a proud father who worked hard for his daughters and encouraged them to enjoy the ocean.
“Steve would absolutely want us to continue enjoying the ocean the way that he did, but also encouraging his beautiful girls to enjoy the water like he did as well,” Thomas said.
Mattaboni’s loved ones emphasized remembering his life rather than the manner of his death. “It’s important not to remember his life by how it was taken, rather by how it was lived,” they stated.
Donations to support Mattaboni’s family have exceeded $376,000.
The shark attack occurred while Mattaboni was spearfishing off Rottnest Island, a popular tourist destination near Perth. His wife and two young daughters were described as his lifeline.
Thomas noted the family’s heartbreak. “Those closest to him stood side by side today as they opened up about the heartache and grief that comes in waves.”
Mattaboni was remembered through photos and stories shared by those who knew him. Friends highlighted his passion for fishing and his dedication to family.
The incident has prompted renewed discussion about shark safety in Western Australian waters. Rottnest Island is known for its marine life and is a common spot for fishing and water activities.
Western Australia has implemented various shark mitigation measures in recent years, including drum lines, surveillance and public alerts. Authorities have not released specific details about the circumstances of the attack beyond the initial reports.
Mattaboni’s death marks a tragic loss for the local community. Tributes have poured in from friends, family and members of the fishing community who knew him.
Liam Thomas recalled decades of friendship. “Moments turned into memories: priceless pictures capturing the life of Steven Mattaboni,” he said while sharing stories at the beach gathering.
The family has requested privacy as they grieve. No funeral details have been publicly announced.
Mattaboni’s connection to the ocean was lifelong. He was known among peers as a skilled fisherman who respected the sea while enjoying its challenges.
Community members have organized support for his wife and daughters. The significant donation total reflects the high regard in which Mattaboni was held.
Rottnest Island authorities have not issued new restrictions following the incident, but beachgoers are urged to remain vigilant and follow safety guidelines.
Western Australia’s shark bite incidents, while rare, receive significant attention due to the state’s extensive coastline and popularity with water sports enthusiasts.
Mattaboni’s friends stressed continuing his legacy of enjoying the ocean responsibly. “That place will always hold a special place in our hearts moving forward,” Thomas said regarding Rottnest Island.
The tribute gathering featured moments of reflection as loved ones shared memories on the beach. Photos of Mattaboni with his family and during fishing trips were displayed.
His daughters were described as central to his world. Everything he did was for them, according to those closest to him.
The Western Australian government has expressed condolences to the family. No official statement on changes to shark management policies has been made in direct response to this incident.
Mattaboni’s passing has been felt across the fishing and boating communities. Colleagues remembered him as hardworking and generous.
The beach tribute served as a public farewell while allowing private grieving for the family. Participants emphasized celebrating his life and the joy he brought to others.
Donations continue to support Mattaboni’s wife and daughters. The funds will assist with immediate needs and long-term family support.
Rottnest Island remains open to visitors with standard safety advisories in place. The island is a popular day-trip destination from Perth, known for its wildlife, beaches and historical sites.
Mattaboni’s love for the ocean was a defining part of his identity. Friends said he would want others to continue enjoying it safely.
The incident has prompted some families to discuss water safety with children. Authorities recommend swimming at patrolled beaches and heeding shark alerts.
As the community processes the loss, tributes highlight Mattaboni’s positive impact. “He was just so loved by so many,” Thomas said.
No further details about the shark encounter have been released by authorities. Investigations into such incidents typically examine environmental factors and human activity patterns.
Mattaboni’s family has not made additional public statements. Support from the broader community continues through donations and messages of condolence.
The story has drawn national attention in Australia, where shark attacks, though uncommon, generate significant media coverage and public discussion.
Western Australia’s coastline sees regular shark sightings. The state maintains one of the country’s most comprehensive shark monitoring programs.
Mattaboni’s friends plan to honor his memory through future gatherings at his favorite fishing spots. They intend to teach his daughters about the ocean in ways that reflect his passion.
The tribute on May 22 brought together dozens of people who shared stories and offered support to the grieving family.
As recovery efforts for the family continue, the focus remains on celebrating Steven Mattaboni’s life and the love he shared with those around him.
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