The Paramount Pictures and Bad Robot Production Will Be Released Worldwide in IMAX® Theatres on May 17, 2013

LOS ANGELES, June 13, 2012 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX; TSX:IMX) and Paramount Pictures Corporation, a unit of Viacom Inc., today announced that the sequel to J.J. Abrams' 2009 blockbuster Star Trek, will be released in the immersive IMAX® 3D format on May 17, 2013. The film represents the second feature in the ground-breaking franchise to be released in IMAX following Star Trek, which grossed more than $375 million at the worldwide box office.

(Logo: http://photos.prnewswire.com/prnh/20111107/MM01969LOGO )

Following on the heels of Paramount Pictures' and Bad Robot's 2011 hit, Mission: Impossible – Ghost Protocol, the filmmakers have once again taken full advantage of the IMAX® camera as well as the clarity and scope that The IMAX Experience® provides in order to transport fans into this 23rd century world. Several key sections of the film that feature big action set pieces have been captured with IMAX cameras, which has become an integral tool for visionary filmmakers to tell their amazing stories.

Exclusively in IMAX, sequences shot with the extremely high-resolution cameras will expand to fill the entire screen and further immerse the audience in the vast dimension and adventure of this highly-anticipated follow-up. Directed by J.J. Abrams and written by Damon Lindelof (Prometheus), Roberto Orci and Alex Kurtzman (Transformers, Mission: Impossible III, Star Trek) the sequel follows another chapter of the USS Enterprise crew's exploration into the unknown. Returning to their posts on the Enterprise are Chris Pine, Zachary Quinto, Karl Urban, Zoe Saldana, Simon Pegg, John Cho, Anton Yelchin, and Bruce Greenwood. They are joined by new cast members Peter Weller and Alice Eve.

"We were so thrilled with the creative results of shooting IMAX for Mission: Impossible that we jumped at the chance to use the format for Star Trek. All expectations were exceeded -- the action and resolution is insane at this scale. We cannot wait for audiences to see the crew of the Enterprise in a way they never have before," said J.J. Abrams.

"J.J. and the filmmaking team behind the Star Trek franchise are once again working to give audiences one of the best film going experiences available today," said Rob Moore, Vice Chairman of Paramount Pictures. "Following the great success of the first film in the newly revived franchise, the sequel to Star Trek will no doubt be among the top choices for moviegoers next summer."

"We are extremely proud to be continuing our successful partnership with Paramount Pictures, J.J., Bryan Burk, Bad Robot and the entire Star Trek team through this iconic franchise that has the perfect DNA for IMAX fans," said Greg Foster, Chairman and President, IMAX Filmed Entertainment.

The IMAX release of the Star Trek sequel 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.

About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIA, VIAB), a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Famous Productions, Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

About IMAX Corporation
IMAX Corporation is one of the world's leading entertainment and technology companies, specializing in the creation and delivery of premium, awe-inspiring entertainment experiences. With a growing suite of cutting-edge motion picture and sound technologies, and a globally recognized entertainment brand, IMAX is singularly situated at the convergence of the entertainment industry, innovation and the digital media world. The industry's top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and as such, the IMAX network is among the most important and successful theatrical distribution platforms for major event films around the globe. The Company's new digital projection and sound systems - combined with a growing blockbuster film slate - are fueling the rapid expansion of the IMAX network in established markets such as North America, Western Europe, and Japan, as well as emerging markets such as China and Russia. IMAX deliver the world's best cinematic presentations using proprietary IMAX®, IMAX 3D®, and IMAX DMR® (Digital Re-Mastering) technologies. IMAX DMR enables virtually any motion picture to be transformed into the unparalleled image and sound quality of The IMAX Experience®.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2012, there were 643 IMAX theatres (510 commercial multiplex, 20 commercial destination and 113 institutional) in 52 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience® and The IMAX Experience® 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. Important factors that could affect these statements include, but are not limited to, general economic, market or business conditions, including the length and severity of the current economic downturn, the performance of IMAX DMR films, the opportunities that may be presented to and pursued by IMAX, competitive actions by other companies, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes in law or regulations, conditions, changes and developments in the commercial exhibition industry, the failure to respond to changes and advancements in digital technology, the failure to convert theatre system backlog into revenue, new business initiatives, investments and operations in foreign jurisdictions and any future international expansion, the inability to protect IMAX's intellectual property foreign currency fluctuations and IMAX's prior restatements and the related litigation. These factors and other 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.