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Imax said in a statement it was in discussions "with other parties with regard to potentially taking over operation of this great IMAX theatre." Newport on the Levee officials declined to be interviewed. In a one-sentence comment released by fax, General Manager Ellen Prows said in part, "We are confident that the operator of the theater will be successful in reopening soon." In a new variation on the classic tune, there is no business quite like the Imax business.

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The super-sized screen format of Imax theaters started three decades ago as a neat way to bring space exploration in "The Dream is Alive" or other documentary-type subject matter roaring to life at museums or other science centers, but it has proven challenging to some would-be commercial theater operators. "It's thrived in documentary format at museums because people immediately realize.

The value of being taken to real places on the huge screens," said Dave Duszynski, director of the Robert D. Lindner Family Omnimax Theater at the Cincinnati Museum Center at Union Terminal. His theater uses technology developed by the Imax company. Duszynski said his theater sells enough tickets to help pay for other educational programs at the nonprofit museum, but he added his movies don't cost as much to acquire from distributors and don't come with so many strings attached.

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"It's apples and oranges," said Duszynski, describing the difference between the two businesses. Friday's announcement of the immediate closure of the U.S. Bank Imax Theater at Newport on the Levee shows that commercial exhibitors may have more challenges. The burdens can weigh heavily on Imax theater operators particularly because many are not operated by chains but by independent contractors. There are about 230 Imax theaters in 34 countries, including about 114 in the United States. The company opened 15 new theaters in 2002; fewer than 10 closed.