Box Office Momentum Continues in Domestic and International Markets

LOS ANGELES, March 20 /PRNewswire-FirstCall/ - IMAX Corporation and Warner Bros. Pictures today announced that 300 continued its box office reign, posting a record-breaking second weekend at IMAX(R) theatres. After already registering the highest opening weekend in IMAX's history, the digitally re-mastered IMAX release grossed $2.7 million from 62 domestic IMAX screens, from Friday, March 16 through Sunday, March 18. The film's worldwide IMAX total has climbed to $9.1 million, contributing to the overall box office of $154.2 million through the weekend.

"The overwhelmingly positive moviegoer response to 300 in IMAX's immersive format is contributing to the overall success of the film," said Dan Fellman, President of Domestic Distribution at Warner Bros. Pictures. "We are very pleased with the film's performance and look forward to its continued success in both conventional and IMAX theatres in the coming weeks."

"Moviegoers are loving 300: The IMAX Experience and research results speak very favorably to increased word-of-mouth and repeat visitation to IMAX theatres," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "We are encouraged by the positive consumer reaction and box office performance of this exciting motion picture, and we believe it will help increase the popularity of the IMAX brand with moviegoers and exhibitors."

"It's working. Our theatres are happy, moviegoers love the film and they're returning to theatres to see it in IMAX," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "Based on our advance ticket sales and this weekend's amazing hold, it's obvious this film has strong legs, which is a terrific way to kick off our 2007 film slate."

300: The IMAX Experience had a strong opening weekend in Korea, and is performing very well through its second weekend in Taiwan. The film is slated for release in at least 20 more international locations during the next few weeks.

"The IMAX release of 300 is off to a great start internationally," said Veronika Kwan-Rubinek, President of International Distribution, Warner Bros. Pictures. "We are delighted that audiences are experiencing the film in this unique and immersive way, and we anticipate even stronger box office returns as it opens in additional international IMAX theatres during the weeks ahead."

Based on the epic graphic novel by Frank Miller, "300" is a ferocious retelling of the ancient battle of Thermopylae in which King Leonidas (Gerard Butler) and 300 Spartans fought to death against Xerxes and his massive Persian army. Facing insurmountable odds, their valor and sacrifice inspire all of Greece to unite against their Persian enemy, drawing a line in the sand for democracy. The film brings Miller's (Sin City) acclaimed graphic novel to life by combining live action with virtual backgrounds that capture his distinct vision of this ancient historic tale.

Warner Bros. Pictures presents in association with Legendary Pictures and Virtual Studios, a Mark Canton/Gianni Nunnari Production, "300". Directed by Zack Snyder (Dawn of the Dead), the film stars Gerard Butler (Phantom of the Opera), Lena Headey (The Brothers Grimm), David Wenham (The Lord of the Rings trilogy), and Dominic West (The Forgotten).

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in digital and film-based motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX theatres delivering the world's best cinematic presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR(R) technology. IMAX DMR is the Company's groundbreaking digital remastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience(R). IMAX's renowned projectors display crystal-clear images on the world's biggest screens, and the IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2006, there were 280 IMAX theatres operating in 40 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R) and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

This press release contains forward looking statements that are based on management 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. Important factors that could affect these statements include the timing of theatre system deliveries, the mix of theatre systems shipped, the timing of the recognition of revenues and expenses on film production and distribution agreements, the performance of films, the viability of new businesses and products, and fluctuations in foreign currency and in the large format and general commercial exhibition market. These factors and other risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2005.

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212) 821-0155, sgormley@imax.com; Warner Bros. Pictures, Los Angeles, Andrea Marozas, (818) 954-4849, andrea.marozas@warnerbros.com; Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Investors: Integrated Corporate Relations, Amanda Mullin, (203) 682-8243, Amanda.Mullin@icrinc.com; Entertainment Media: Newman & Company, Los Angeles, Al Newman, (310) 278-1560, asn@newman-co.com