Strong Theater Demand Drives IMAX Corporation (IMAX) Stock Momentum

Group 1 - Orbis Investment Management reported a positive year in 2025, with returns driven by stock-specific research rather than post-pandemic valuation rebounds [1] - The strategy emphasizes disciplined bottom-up investing and improved execution across several portfolio holdings [1] - Rising global government debt supports equities as core real assets, with non-US markets offering attractive valuations [1] - Orbis suggests a potential shift from the long period of US market dominance, focusing on fundamentally undervalued businesses [1] Group 2 - IMAX Corporation is highlighted as a key entertainment holding benefiting from renewed strength in theatrical releases [2] - IMAX shares experienced a one-month return of approximately -5.61% but gained about 50.98% over the last 52 weeks, closing at approximately $35.39 per share with a market capitalization of about $1.9 billion [2] - The recent bidding war for Warner Bros Discovery between Paramount and Netflix underscores the value placed on scarce content and platforms for developing high-value Intellectual Property [3] - The theatrical window is identified as crucial for maximizing the value of IP, generating significant cash flow and marketing benefits [3]