Top Consumer Shares:
Consumer shares are mixed in pre-bell trading. IMAX Corporation
(IMAX, IMX.TO) has acquired a stake and a significant option
position in PRIMA Cinema Inc., whose proprietary systems transmit
current theatrical releases from studios like Paramount Pictures
and Universal Pictures.
IMAX plans to integrate the PRIMA Cinema technology into the
IMAX Private Theatre and other potential platforms, enhancing the
image and sound of the content through its digital re-mastering
process, which enables IMAX customers to access current theatrical
releases of the highest possible quality.
And, AMC Networks Inc. (
), owner-operator of cable television brands, has reached a
definitive agreement to acquire substantially all of Chellomedia,
the international content division of Liberty Global for
approximately US$1.035 billion. The transaction is expected to
close in the first quarter of 2014.
The agreement includes the acquisition of Chellomedia's
operating businesses including: Chello Central Europe, Chello Latin
America, Chello Multicanal, Chello Zone, the ad sales unit Atmedia
and the broadcast solutions unit Chello DMC. AMCX is flat in
pre-market tradte at $70.36.
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