- Regal Entertainment (RGC -1.8%) slams Netflix (NASDAQ:NFLX) and IMAX (NYSE:IMAX) over their new collaboration to release films simultaneously at IMAX theaters and via Netflix's streaming service.
- The company emphatically states that it will not participate in the "experiment" to release the same product on screen three stories tall and 3 inches wide.
- Regal operates a total of 86 IMAX theaters.
- Movie theater chains Cinemark (CNK -0.8%), Carmike Cinemas (CKEC -1.7%), and AMC Entertainment (AMC -0.2%) are likely to weigh in on the development shortly.