IMAX ratifies its approach to streaming with the purchase of Ssimwave

The Canadian company We have not been has been acquired by IMAX, a movement with which the firm seeks to offer high-quality video images on any screen and drive new recurring income.

We have not been helps suppliers streaming y broadcast in its goal of offering the best possible image on any device for video on demand and live. Its team of engineers, made up of 30 personas, has mapped the human visual system for, through artificial intelligence, improve the real-time video streams and files. Some of the world's leading streaming companies are currently collaborating with the company recently acquired by IMAX: Disney, Paramount Global, Warner Bros. Discovery…

The acquisition is based on IMAX's multi-platform expansion with IMAX Enhanced, which carries “The IMAX Experience” to streaming entertainment with a expanded aspect ratio exclusive to IMAX, digitally remastered content and improved sound. More than 200 titles IMAX Enhanced are available on streaming platforms around the world, including Disney+, and more than 10 million IMAX Enhanced certified devices They are already on the market today.

New IMAX video experiences

IMAX will work with Ssimwave in the short term to further grow your business and your set of products, including international expansion. In the long term, IMAX's technology and post-production teams will work with Ssimwave's engineering team to develop new solutions to deliver IMAX-quality video experiences on all platforms around the world.

Although it is not common, on this occasion the terms of the agreement have been made public: IMAX has acquired Ssimwave for $18.5 million in cash and $2.5 million in shares, with an additional compensation of $4 million, subject to the achievement of certain financial and operational performance objectives.

Rich Gelfond, CEO of IMAX, highlights the agreement's “new SaaS-based revenues and a list of world-class clients,” which “aligns closely with some of our strongest and most successful content agreements.” His counterpart at Ssimwave, Dr. Abdul Rehman, sees his company becoming “even better positioned to preserve creator intent and enable engaging and differentiated viewing experiences.”