IMAX's 2007 Film Slate Gets Boost With One of the Year's Most

                      Anticipated Motion Picture Events

LOS ANGELES, July 25 /PRNewswire-FirstCall/ - IMAX Corporation and Sony Pictures Entertainment today announced that Columbia Pictures' highly-anticipated new action adventure Spider-Man(R) 3 will be simultaneously released at theatres throughout the world and at IMAX(R) theatres on May 4, 2007. The third installment of the phenomenally successful Spider-Man(R) franchise will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R).

Spider Man(R) 3 will be directed by Sam Raimi, who also directed the first two blockbuster installments of the Marvel Comics superhero, Spider-Man and Spider-Man 2, which reunites the cast led by Tobey Maguire, Kirsten Dunst and James Franco. To date, the Spider-Man series has surpassed $1.6 billion in worldwide box office receipts.

"The simultaneous IMAX release of Spider-Man 3 allows us to celebrate one of the most anticipated motion picture events of the year in an exciting event format," said Rory Bruer, President, Domestic Distribution, Sony Pictures Releasing. "Spider-Man 3: The IMAX Experience will give fans of Spider-Man an opportunity to experience the next exhilarating installment of the series in an unforgettably unique and immersive way."

"Spider-Man is one of the world's most popular motion picture franchises, and we are thrilled to include the latest chapter as part of our 2007 lineup," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "Moviegoers loved Spider-Man 2 in IMAX theatres, and with a larger theatre network for Spider-Man 3 - we estimate that well over 100 IMAX theatres in North America will exhibit the film vs. 63 for Spider-Man 2 - we will be able to garner an even wider audience, significantly increasing the earning potential for the IMAX release. We are confident that the success of our remaining 2006 slate combined with the early announcements for 2007 will continue to drive exhibitor interest in the IMAX theatre business."

"We are delighted to team up with our friends at Columbia Pictures to bring this beloved superhero back to IMAX theatres," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "Our 2007 film slate is taking shape earlier than any previous year, and we believe this clearly highlights the increasing value studios see in the IMAX theatre network as it continues to grow worldwide. Spider-Man is ideally suited to the immersive power of The IMAX Experience, and we look forward to next May when moviegoers will be able to continue the journey with the next chapter of the Spider-Man story."

Spider-Man 3 marks the third motion picture agreement between Sony Pictures Entertainment and IMAX. The studio previously released Spider-Man(R) 2 to IMAX theatres in 2004 and is scheduled to release Open Season, the first feature from Sony Pictures Animation, in IMAX(R)3D on Spetember 29, 2006.

A complex web of secrets, vengeance, love and forgiveness, Columbia Pictures' Spider-Man(R) 3 is a riveting adventure that will transport worldwide audiences to thrilling new heights on May 4, 2007.

In Spider-Man(R) 3, based on the legendary Marvel Comics series, Peter Parker has finally managed to strike a balance between his devotion to M.J. and his duties as a superhero. But there is a storm brewing on the horizon. As Spider-Man basks in the public's adulation for his accomplishments and he is pursued by Gwen Stacy (Bryce Dallas Howard), who rivals M.J. for his affections, Peter becomes overconfident and starts to neglect the people who care about him most. His newfound self-assuredness is jeopardized when he faces the battle of his life against two of the most feared villains ever (Thomas Haden Church, Topher Grace), whose unparalleled power and thirst for retribution threaten Peter and everyone he loves.

Spider-Man(R) 3 reunites cast and filmmakers from the first two blockbuster adventures including Tobey Maguire, Kirsten Dunst, James Franco, Rosemary Harris and J.K. Simmons, under the leadership of director Sam Raimi and producers Laura Ziskin, Avi Arad and Grant Curtis. Joining the ensemble cast are Thomas Haden Church, Topher Grace, Bryce Dallas Howard, James Cromwell and Theresa Russell.

Columbia Pictures Presents A Marvel Studios/Laura Ziskin Production Spider-Man(R) 3 starring Tobey Maguire, Kirsten Dunst, James Franco, Thomas Haden Church, Topher Grace, Bryce Dallas Howard, Rosemary Harris, J.K. Simmons and James Cromwell. The film is directed by Sam Raimi (Spider-Man, Spider-Man 2). The screenplay is by two-time Oscar(R) winner Alvin Sargent (Ordinary People, Spider-Man 2) and the screen story by Sam Raimi & Ivan Raimi and based on the Marvel Comic Book by Stan Lee and Steve Ditko. The producers are Laura Ziskin (Spider-Man, Spider-Man 2), Avi Arad (Spider-Man, X-Men) and Grant Curtis (Spider-Man, Spider-Man 2). The executive producers are Joseph M. Caracciolo (Spider-Man 2 and Charlie's Angels(R)) Kevin Feige (Spider-Man 2, X Men 2) and Stan Lee.


    About IMAX Corporation
    ----------------------

Founded in 1967, IMAX Corporation is one of the world's leading entertainment technology companies and the newest distribution window for Hollywood films. IMAX delivers the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR technology. IMAX DMR(R) (Digital Re-mastering) makes it possible for virtually any 35mm film to be transformed into the unparalleled image and sound quality of The IMAX Experience. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences. As of March 31, 2006, there were 266 IMAX theatres operating in 36 countries.

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

About Sony Pictures Entertainment

---------------------------------

Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in 67 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.


    About Columbia Pictures
    -----------------------

Columbia Pictures, part of the Columbia TriStar Motion Picture Group, is a Sony Pictures Entertainment company. Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in 67 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.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.

SOURCE  IMAX Corporation
    -0-              07/25/2006
    /CONTACT: Media: IMAX Corporation, Sarah Gormley, (212) 821-0155,
sgormley@imax.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; Sony Picture Entertainment,
Steve Elzer, (310) 244-7142,  Steve_elzer@spe.sony.com; Entertainment Media:
Newman & Company, Al Newman, (310) 278-1560, asn@newman-co.com/
    (IMX. IMAX)

CO:  IMAX Corporation
ST:  Ontario
IN:  ENT FLM
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