TORONTO, May 2 /PRNewswire/ -- Imax Corporation (Nasdaq: IMAX; TSE: IMX) today announced that Fantasia/2000: The IMAX Experience(R), the fastest grossing large-format film in Imax's history, generated record box office results at IMAX(R) theatres around the world. Fantasia/2000 grossed approximately $64 million during its four-month run while playing on only 75 screens. For the entire period, the per-screen average for Fantasia/2000 exceeded $50,000 per screen per week, more than 10 times the roughly $5,000 per screen per week generated by conventional film releases.

"We are extremely happy with the film's resounding success and applaud Roy Disney and the Disney organization for their vision to release the film in IMAX theatres," said Imax co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "Disney created a very special event by using IMAX theatres to showcase such a unique film. We are thrilled with the box office results of the film, which exceeded our expectations, and believe that the film's success will help pave the way for more Hollywood films in IMAX theatres."

Imax Corporation and its subsidiaries is one of the world's leading entertainment technology companies, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. There were more than 205 IMAX theatres operating in 25 countries around the world as of December 31, 1999. Imax's subsidiaries include Digital Projection International, whose primary business is the design and manufacture of high-end digital image delivery devices, and Sonics Associates a design and manufacturer of high-end sound systems. Imax has forged strategic alliances and relationships with some of the most prominent corporations in the world including Famous Players Inc. (a subsidiary of Viacom Inc.), America Online Inc. and Loews Cineplex Corp. Imax Corporation is a publicly traded company listed on both the Toronto and Nasdaq stock exchanges. More information on the Company can be found at http://www.imax.com. SOURCE Imax Corporation

CONTACT: Toronto - Victoria Dinnick, 905-403-6366, or New York - Stephen Abraham, Analysts, 212-821-0140, both of Imax Corporation; or Entertainment Media - Al Newman of Newman & Company, Los Angeles, 310-777-5252; or Gina Stikes of Edelman Financial, 212-642-7702, both for Imax Corporation/