Subsequent Event	6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	18. Subsequent Event On July 12, 2023, the Company announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China for approximately HK$10 per share in cash ($124 million). The offer represents an approximate 49% premium to the 30-trading day average closing price. Upon approval of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China. The acquisition of IMAX China is subject to customary closing conditions, including the receipt of IMAX China shareholder and other approvals. The offer has been approved by both IMAX Corporation and IMAX China’s Boards of Directors. There is no guarantee that the acquisition will be approved by IMAX China shareholders or that other closing conditions will be satisfied. The acquisition, if successful, is expected to close later this year. In conjunction with this transaction, the Company obtained a consent on June 30, 2023 under the Credit Facility to temporarily increase the LC Accommodations Sublimit from $25.0 million to $130.0 million. On July 11, 2023, the Company obtained a Standby LC in the amount of $130.0 million in favor of Morgan Stanley Asia Limited, the financial adviser for the transaction, to provide certainty of funds for the proposed proceeds and transaction costs payable with respect to the transaction. The LC and the temporary increase of the Sublimit will expire upon the earlier of the draw or cancellation of the LC by Morgan Stanley or January 15, 2024.

Subsequent Event

6 Months Ended

Jun. 30, 2023

18. Subsequent Event

On July 12, 2023, the Company announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China for approximately HK$10 per share in cash ($124 million). The offer represents an approximate 49% premium to the 30-trading day average closing price. Upon approval of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China.

The acquisition of IMAX China is subject to customary closing conditions, including the receipt of IMAX China shareholder and other approvals. The offer has been approved by both IMAX Corporation and IMAX China’s Boards of Directors. There is no guarantee that the acquisition will be approved by IMAX China shareholders or that other closing conditions will be satisfied. The acquisition, if successful, is expected to close later this year.

In conjunction with this transaction, the Company obtained a consent on June 30, 2023 under the Credit Facility to temporarily increase the LC Accommodations Sublimit from $25.0 million to $130.0 million. On July 11, 2023, the Company obtained a Standby LC in the amount of $130.0 million in favor of Morgan Stanley Asia Limited, the financial adviser for the transaction, to provide certainty of funds for the proposed proceeds and transaction costs payable with respect to the transaction. The LC and the temporary increase of the Sublimit will expire upon the earlier of the draw or cancellation of the LC by Morgan Stanley or January 15, 2024.