Expanded Financing Options to Make it Easier for Multiplex Operators to Enter the IMAX Theatre Business

TORONTO, Sept. 15 /PRNewswire-FirstCall/ - IMAX Corporation (NASDAQ: IMAX; TSX: IMX) today announced an agreement with GE Commercial Finance to provide flexible commercial leasing solutions to exhibitors interested in entering the IMAX business. GE Commercial Finance will offer qualified prospective IMAX clients in North America and select international markets an expanded suite of financing options, potentially reducing the start up costs associated with opening a new IMAX(R) theatre.

The relationship with GE will enable IMAX to better serve its clients, and is expected to help accelerate expansion of the commercial IMAX theatre network. This customized finance solution can both eliminate an obstacle to entry for certain smaller, regional exhibitors, and provide larger chains with an alternate source of capital, particularly for multi-theatre deals.

"GE Commercial Finance is respected worldwide as a leader in financing solutions and our new relationship will be a valuable addition to IMAX's commercial growth strategy," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "By providing expanded financing options, we're opening the IMAX business to a wider audience of commercial operators and giving established exhibitors, who are increasingly installing IMAX theatres in their multiplexes, additional capital alternatives. We're excited to join together with such a world-class financial service organization and believe this relationship will help further accelerate IMAX's commercial signings momentum."

"We are excited for the opportunity to provide financing to help expand the commercial IMAX theatre network, particularly adoption of the IMAX MPX(R) theatre system," said James Madej, Chief Marketing Officer of the North American Leasing unit of GE Commercial Finance. "Offering our flexible financing solutions to prospective IMAX theatre operators represents a great opportunity for all parties involved to grow."

About GE Commercial Finance

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GE Commercial Finance is the business-to-business finance unit of General Electric. With deep industry expertise and lending, leasing and financing services of every kind, GE Commercial Finance plays a key role in helping its customers grow. Conducting business in 35 countries, GE Commercial Finance has assets of over US$230 billion and is headquartered in Stamford, Connecticut, USA.

General Electric (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.

About IMAX Corporation

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Founded in 1967, IMAX Corporation is the newest distribution platform for Hollywood content and one of the world's leading entertainment technology companies. IMAX delivers the world's best cinematic presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR(R) technology. IMAX DMR (Digital Re-mastering) makes it possible for virtually any 35mm film to be transformed into the unparalleled image and sound quality of The IMAX Experience(R). The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences. As of June 30, 2005, there were 259 IMAX theatres operating in more than 36 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R) and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

This press release contains forward looking statements that are based on management 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 the timing of theatre system deliveries, the mix of theatre systems shipped, the timing of the recognition of revenues and expenses on film production and distribution agreements, the performance of films, the viability of new businesses and products, and fluctuations in foreign currency and in the large format and general commercial exhibition market. These factors and other risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2004 and in the subsequent reports filed by the Company with the Securities and Exchange Commission.

SOURCE IMAX Corporation

CONTACT: Media: IMAX Corporation, New York, Romi Schutzer, (212) 821-0144, rschutzer@imax.com; Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Analysts: IMAX Corporation, New York, Cheryl Cramer, (212) 821-0121, ccramer@imax.com; Entertainment Media: Newman & Company, Los Angeles, Al Newman, (310) 278-1560, asn@newman-co.com