LOS ANGELES, Jul 12, 2011 (GlobeNewswire via COMTEX) -- IMAX Corporation (NYSE:IMAX) (TSX:IMX), DreamWorks Pictures and Paramount Pictures International today announced an agreement to offer the highly anticipated sci-fi western thriller Cowboys & Aliens in select international digital IMAX(R) theatres day-and-date with each territory's release date, beginning in August.

The release marks the continuation of the relationship between IMAX, Paramount Pictures International and director Jon Favreau, whose most recent film, Iron Man 2, grossed more than $25 million on 262 IMAX screens globally. The filmmaking team includes producers Brian Grazer, Ron Howard, Scott Mitchell Rosenberg, Alex Kurtzman and Roberto Orci. Starring Daniel Craig, Harrison Ford and Olivia Wilde, the film is based on a Platinum Studios graphic novel created by Scott Mitchell Rosenberg.

"We are delighted to be able to offer international audiences the opportunity to experience the amazing visuals and spectacle of Cowboys and Aliens in IMAX," said Andrew Cripps, President of Paramount Pictures International. "This release marks the continuation of the fantastic relationship we have with IMAX and we are thrilled that fans will have the ability to experience it this way."

"Jon Favreau's unique and innovative filmmaking style has an exceptional history with international moviegoers and his films have become fan favorites," said Greg Foster, Chairman and President, IMAX Filmed Entertainment. "We're excited to once again join forces with him and our partners at DreamWorks Pictures and Paramount Pictures International as we continue the great legacy by showcasing Cowboys and Aliens in the unparalleled image and sound quality only IMAX can offer."

About Cowboys and Aliens

1875. New Mexico Territory. A stranger (Craig) with no memory of his past stumbles into the hard desert town of Absolution. The only hint to his history is a mysterious shackle that encircles one wrist. What he discovers is that the people of Absolution don't welcome strangers, and nobody makes a move on its streets unless ordered to do so by the iron-fisted Colonel Dolarhyde (Ford). It's a town that lives in fear.

But Absolution is about to experience fear it can scarcely comprehend as the desolate city is attacked by marauders from the sky. Screaming down with breathtaking velocity and blinding lights to abduct the helpless one by one, these monsters challenge everything the residents have ever known.

Now, the stranger they rejected is their only hope for salvation. As this gunslinger slowly starts to remember who he is and where he's been, he realizes he holds a secret that could give the town a fighting chance against the alien force. With the help of the elusive traveler Ella (Olivia Wilde), he pulls together a posse comprised of former opponents--townsfolk, Dolarhyde and his boys, outlaws and Apache warriors--all in danger of annihilation. United against a common enemy, they will prepare for an epic showdown for survival.

About DreamWorks Studios

DreamWorks Studios is a motion picture company formed in 2009 and led by Steven Spielberg and Stacey Snider in partnership with The Reliance Anil Dhirubhai Ambani Group. Upcoming releases include "Cowboys & Aliens," "The Help," "Fright Night," "Real Steel," and "War Horse."

DreamWorks Studios can be found on Facebook at http://www.facebook.com/DreamWorksStudios and on Twitter at http://twitter.com/dw_studios.

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 theaters deliver the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR(R) (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 and Shanghai. As of December 31, 2010, there were 518 IMAX theatres (396 commercial, 122 institutional) operating in 46 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), Experience It In IMAX(R), An IMAX 3D Experience(R) and The IMAX Experience(R) 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).

The IMAX Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6469

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 opportunities that may be presented to and pursued by IMAX, the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes and developments in the commercial exhibition industry, the failure to convert theatre system backlog into revenue, new business initiatives, investments and operations in foreign jurisdictions, foreign currency fluctuations and IMAX's prior restatements and the related litigation and investigation by the SEC and the ongoing inquiry by the OSC. These factors and other risks and uncertainties are discussed IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: IMAX Corporation

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