IMAX Debuts Include Domestic, Select International Markets
SANTA MONICA, Calif., Nov. 13, 2015 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) and Lionsgate (NYSE: LGF), a premier next generation global content leader, today announced the release of Lionsgate's upcoming event films – The Divergent Series: Allegiant and Deepwater Horizon – in the immersive IMAX® format. Both films, to be released on Lionsgate's Summit Entertainment label, will be released domestically in IMAX® theatres, as well as across select international territories.
Divergent is the most successful franchise launched since The Hunger Games with the first two Divergent films grossing nearly $600 million at the global box office. The Divergent Series: Allegiant is slated for a domestic release on March 18, 2016. Deepwater Horizon, director Peter Berg's action-drama starring Academy Award® nominee Mark Wahlberg and based on the 2010 oil rig disaster in the Gulf of Mexico, will begin its roll-out on Sept. 30, 2016.
"Lionsgate has had a great relationship with IMAX and we are very pleased to be working with them again on two of our tentpole movies, Allegiant and Deepwater Horizon," said Rob Friedman and Patrick Wachsberger, Co-Chairmen, Lionsgate Motion Picture Group. "The IMAX format truly maximizes the impact of watching these visually moving films and gives the audience an exceptional viewing experience."
"With the iconic franchises of The Hunger Games, Twilight and The Divergent Series, IMAX and Lionsgate boast a strong tradition of providing popular cinema in the most immersive way possible," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "We are excited to continue that legacy with these two upcoming films – The Divergent Series: Allegiant and Deepwater Horizon, the latter of which aligns with our history of bringing awareness to key environmental issues. Our mandate is to provide compelling cinema 52 weeks a year, and we believe these films are strong additions in achieving that goal."
The IMAX release of each film will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.
Lionsgate is a premier next generation global content leader with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, new channel platforms, video games and international distribution and sales. With Pilgrim Studios joining the Lionsgate family, the Company will now have nearly 80 television shows on 40 different networks spanning its primetime production, distribution and syndication businesses. These include the critically-acclaimed hit series Orange is the New Black, the multiple Emmy Award-winning drama Mad Men, the hit broadcast network series Nashville, the syndication success The Wendy Williams Show, the acclaimed drama Manhattan and the breakout series The Royals.
Its feature film business has been fueled by such successes as the blockbuster first three installments of The Hunger Games franchise, the first two installments of the Divergent franchise, Sicario, The Age of Adaline, CBS/Lionsgate's The DUFF,John Wick, Now You See Me, Roadside Attractions' Love & Mercy and Mr. Holmes, Lionsgate/Codeblack Films' Addicted and Pantelion Films' Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rates. Lionsgate handles a prestigious and prolific library of approximately 16,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world. www.lionsgate.com
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of September 30, 2015, there were 1,008 IMAX theatres (887 commercial multiplexes, 19 commercial destinations and 102 institutions) in 66 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX Is Believing® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.