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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Imax Expands Horizons With Acquisition Of Streaming Tech Company Ssimwave

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Imax Corp. has acquired Ssimwave, an Ontario-based AI-driven tech firm whose clients include media giants from Disney and Paramount Global to Warner Bros.

Discovery and NBCU parent Comcast. It’s a cash and stock deal worth $21 million.Imax has also worked with Ssimwave, an expert in enhancing on-demand and live visual imagery for broadcast and streaming across devices, from an Imax big screen to a phone.The purchase is for $18.5 million in cash and $2.5 million in stock.

There’s an additional earnout consideration of $4 million, subject to achieving certain operating performance and financial objectives.

Imax said the acquisition is expected to have “minimal financial impact” in 2022 and be accretive in 2023.Ssimwave was founded at the University of Waterloo (the Toronto-Waterloo tech corridor is the one of the largest in North America after Silicon Valley) and isn’t far from the Imax Canadian headquarters.“The fact is that we are not a theater exhibitor, but a technology licensing company,” Imax CEO Rich Gelfond tells Deadline.

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