Shares in Imax, which owns vast cinemas all round the world, plunged 70% in one day last week after another "dire" set of results. But there could soon be a bid from Village Roadshow, the mainly Australian cinema chain in which Granada media is getting a 17% stake. Virgin is also rumoured to be keen to get a foothold in the global cinema business.

The Independent on Sunday

15/10/2000

page 4 (Business)