SHANGHAI, June 15, 2015 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that the 3D epic film The Monk Comes Down the Mountain, from legendary filmmaker Chen Kaige (Farewell My Concubine), will be digitally re-mastered in the immersive IMAX^® 3D format and released in IMAX^® theatres in China on July 3. New Classics Media Corporation, China Film Group and Wuzhou Film Distribution Golden Network will be handling local distribution in China.

The Monk Comes Down the Mountain, about a young monk forced to leave his Taoist temple into an unknown world, stars Wang Baoqiang, Aaron Kwok, Chang Chen, Chilling Lin and Fan Wei. The film's script was written by Kaige and Zhang Ting, based on an original story by Xu Haofeng.

"Our priority has always been to find the best, most exciting content available in the Chinese market," said IMAX CEO Richard L. Gelfond from Shanghai, where he is scheduled to deliver a keynote address at the Shanghai International Film Festival. "The Monk Comes Down the Mountain meets all those criteria as an ideal addition to the IMAX slate in China this summer."

"The continued expansion of the IMAX network in China goes hand-in-hand with the important partnerships curated between IMAX and Chinese filmmakers like acclaimed director Chen Kaige," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "The Monk Comes Down the Mountain is a film tailor-made for The IMAX Experience^® we are excited for its release in IMAX theatres this summer."

The IMAX® 3D release of The Monk Comes Down the Mountain 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 The Monk Comes Down the Mountain
Famine and hardship force a young monk to leave his Taoist temple in the mountains, plunging him into an unknown outside world. Treating everything in good faith, he ultimately is betrayed, though he finds strength in the teachings of his former Master: A true hero will achieve his goals, regardless of means, if the desire is great enough.

About IMAX China
IMAX China is a majority-owned subsidiary of IMAX Corporation, and is incorporated under the laws of Hong Kong. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China.

About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2015, there were 943 IMAX theatres (820 commercial multiplexes, 18 commercial destinations and 105 institutions) in 63 countries.

IMAX^®, IMAX^® 3D, IMAX DMR^®, Experience It In IMAX^®, An IMAX 3D Experience^®, The IMAX Experience^® and IMAX nXos^® 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. These 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.

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IMAX Corporation – New York

Ann Sommerlath

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asommerlath@imax.com

Sloane & Company – New York

Whit Clay

212-446-1864

wclay@sloanepr.com

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IMAX Corporation – New York