SANTA MONICA, Calif., Feb. 13, 2015 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX), Paramount Pictures, a division of Viacom, Inc. (NASDAQ: VIAB), Skydance Productions and Bad Robot today announced that the fifth installment in the blockbuster Mission: Impossible franchise, directed by Christopher McQuarrie and starring Tom Cruise, will be digitally re-mastered into the immersive IMAX^® format and released in IMAX^® theatres worldwide beginning July 31.

The new film is produced by Tom Cruise, J.J. Abrams and Bryan Burk. The executive producers are David Ellison, Dana Goldberg and Don Granger of Skydance Productions and Jake Myers. Drew Pearce, Christopher McQuarrie, Will Staples, Laeta Kalogridis & Patrick Lussier and Dylan Kussman wrote the screenplay, based on the television series created by Bruce Geller.

The newest installment reunites Cruise with stars from 2011's Mission: Impossible – Ghost Protocol including Jeremy Renner, Simon Pegg and Ving Rhames. Joining the cast is Alec Baldwin, Rebecca Ferguson and Sean Harris.

"IMAX is so important in giving the audience the best experience of the film we have made. I am very happy to have this partnership on the next Mission," said Cruise.

"After the innovative way we worked with our longtime partners Paramount Pictures, Skydance Productions, Bad Robot and Tom Cruise on the record-setting Mission: Impossible – Ghost Protocol, we are beyond thrilled to once again offer audiences The IMAX Experience^® of the latest installment of this action-packed franchise," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "This film was literally made for IMAX and summer moviegoing."

Rob Moore, Vice Chairman of Paramount Pictures said, "Audiences the world over proved with the last Mission that The IMAX Experience® is not to be missed and so we are all thrilled to again partner with Rich, Greg and everyone at IMAX to bring this next exciting installment to their screens this summer."

The Mission: Impossible franchise has earned more than $2 billion at the box office, making it one of the most successful franchises in movie history.

The IMAX® release of the latest Mission: Impossible film 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: VIAB, VIA), 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 Television, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

About Skydance Productions

Skydance Productions tells big stories and creates immersive worlds, producing narratives that span film, television, games and more. Skydance is currently in post-production on a reset of the TERMINATOR franchise, TERMINATOR GENISYS, to be released on July 1, 2015. The company is also in post-production on the latest installment in the highly successful MISSION: IMPOSSIBLE franchise starring Tom Cruise with Chris McQuarrie directing. Additionally, Skydance is currently in production on a disaster film on a global scale titled GEOSTORM written by Dean Devlin and Paul Guyot with Devlin also directing. Skydance will next begin production on STAR TREK 3, the third installment in the JJ Abrams franchise. Simon Pegg and Doug Jung are attached to co-write with Justin Lin to direct. Currently in development is AFRICA, a sweeping epic about paleo-anthropologist Richard Leakey's battle with ivory poachers that threaten the existence of the African elephant population and the very soul of Africa. Angelina Jolie is attached to direct the film based on Eric Roth's screenplay. Skydance's recent releases include JACK RYAN: SHADOW RECRUIT, from director Kenneth Branagh and starring Chris Pine; WORLD WAR Z, starring Brad Pitt and directed by Marc Forster; STAR TREK: INTO DARKNESS, directed by J.J. Abrams and starring Chris Pine and Zachary Quinto; and G.I. JOE: RETALIATION, directed by Jon M. Chu and starring Bruce Willis, Channing Tatum and Dwayne Johnson. Skydance's previous projects include Christopher McQuarrie's JACK REACHER, starring Tom Cruise; MISSION: IMPOSSIBLE – GHOST PROTOCOL, starring Tom Cruise and Jeremy Renner; and the award-winning Coen Brothers film TRUE GRIT, starring Jeff Bridges and Matt Damon.

About Bad Robot Productions

Bad Robot was formed by filmmaker J.J. Abrams in 2001. The company has produced television series such as ALIAS, LOST, FRINGE, PERSON OF INTEREST, REVOLUTION, ALMOST HUMAN, feature films such as CLOVERFIELD, STAR TREK, SUPER 8, MISSION: IMPOSSIBLE – GHOST PROTOCOL, STAR TREK INTO DARKNESS, the upcoming STAR WARS: THE FORCE AWAKENS, the latest installment of the MISSION IMPOSSIBLE franchise, STAR TREK 3 and interactive content including the mobile apps SUPER 8 and ACTION MOVIE FX. Bad Robot's first foray into publishing, S., a novel conceived by Abrams and written by Doug Dorst, was a New York Times Best Seller. Bad Robot is based in Los Angeles and can be followed at twitter.com/bad_robot.

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 September 30, 2014, there were 880 IMAX theatres (751 commercial multiplexes, 19 commercial destinations and 110 institutions) in 60 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX Is Believing® 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.

For additional information please contact:

*Media:*	*Investors:*
IMAX Corporation - New York	IMAX Corporation – New York
Ann Sommerlath	Teri Loxam
212-821-0155	212-821-0110
asommerlath@imax.com	tloxam@imax.com

*Entertainment Media:*	*Business Media:*
Principal Communications Group - Los Angeles	Sloane & Company – New York
Melissa Zukerman/Paul Pflug	Whit Clay
323-658-1555	212-446-1864
melissa@pcommgroup.com	wclay@sloanepr.com
paul@pcommgroup.com

*For Paramount Pictures:*
Katie Martin Kelley
(323) 956-2821
kmk@paramount.com

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SOURCE IMAX Corporation