IMAX Corporation’s Joint Venture With Maximus

Sidley Austin LLP advised IMAX Corporation on the joint venture with Maximus, assisted by Carey Olsen and Goodwin Procter LLP.

IMAX Corporation (NYSE: IMAX) announced a joint venture with Maximus, a next-generation visual effects company founded by AI entrepreneur Dr. Daniel Nadler, to deliver AI-based high-resolution video enhancement technologies across home entertainment, including solutions for streaming services and smart devices. The new joint venture, IMAX AI, will advance AI-based solutions for Ultra-High Definition (UHD) 4K enhancement across smart devices, new and library content, as well as real-time enhancement of live entertainment and sports.

The Sidley team was led by partners Sandi Knox (Emerging Companies and Venture Capital, Palo Alto, Picture) and Rusty Weiss (Technology and IP Transactions, Century City), and included Matthew Johnson (associate, Emerging Companies and Venture Capital, Palo Alto), Stacy Gulledge (associate, M&A, Dallas), Ed Norris (partner, Tax, Los Angeles), Jonathan Westreich (associate, Tax, Los Angeles), and Ryan Rutledge (staff attorney, Technology and IP Transactions, Chicago). Sidley worked closely with Robert Lister, Chief Legal Officer & Senior Executive Vice President, and Kevin Glass, Vice President and Associate General Counsel, Legal Affairs and Business Development, who led IMAX’s in-house team in the transaction.

The Carey Olsen team advising Maximus on the Cayman legal and regulatory aspects of the joint venture comprised partner Nick Bullmore and counsel Dylan Wiltermuth.

Involved fees earner: Nick Bullmore – Carey Olsen; Dylan Wiltermuth – Carey Olsen; Stacy Gulledge – Sidley Austin LLP; Matthew Johnson – Sidley Austin LLP; Sandi Knox – Sidley Austin LLP; Edwin Norris – Sidley Austin LLP; Ryan Rutledge – Sidley Austin LLP; Russell Weiss – Sidley Austin LLP; Jonathan Westreich – Sidley Austin LLP;

Law Firms: Carey Olsen; Sidley Austin LLP;

Clients: IMAX Corporation; Maximus;

Author: Martina Bellini