IMAX to Distribute Underwater Adventure Picture Worldwide in Spring 2006

LOS ANGELES, CA, Sept. 13 /PRNewswire-FirstCall/ - IMAX Corporation (Nasdaq: IMAX; TSE: IMX) and Warner Bros. Pictures Inc. today announced that they will jointly produce their second original IMAX(R) 3D film, Denizens of the Deep (working title). This is Warner Bros. Pictures' sixth film commitment to IMAX(R) theatres in the past 18 months, and follows on the successful release of NASCAR 3D: The IMAX Experience, which set opening weekend box office records for an original IMAX film, and has already grossed more than $18 million.

Denizens of the Deep will be shot by award-winning Director/Cinematographer Howard Hall, produced by Toni Myers, executive produced by Graeme Ferguson and Brad Ball, and co-produced by Michelle Hall. The film will offer audiences astonishing, up-close encounters with some of the world's most exotic undersea creatures. Hall, Ferguson and Myers were all part of the accomplished filmmaking team behind IMAX's first underwater 3D adventure, Into The Deep, which has grossed more than $70 million since its 1991 release. Denizens of the Deep is scheduled for worldwide release to IMAX theatres in 2006 and production will begin on September 18, 2004, in the Sea of Cortez. Brad Ball, who played an integral role in bringing the NASCAR project to Warner Bros. Pictures, will executive produce Denizens of the Deep as part of his ongoing relationship with the Studio and IMAX.

In addition, as previously announced, on November 10, 2004, Warner Bros. Pictures will release The Polar Express: An IMAX 3D Experience. The Polar Express is a dynamic combination of next-generation motion-capture technology with state-of-the-art digital animation and will now additionally be rendered in IMAX 3D for a unique large-format viewing experience.

"We have been very pleased with the results of our previous IMAX releases, including the Hollywood event films we've digitally re-mastered into IMAX's format, and NASCAR 3D: The IMAX Experience - our first original IMAX production," said Dan Fellman, president, domestic distribution, Warner Bros. Pictures. "And we look forward with great excitement to the opening of The Polar Express: An IMAX 3D Experience in November, when it will make a great kickoff to the holiday season."

"We are thrilled to expand our partnership with Warner Bros. Pictures," said Greg Foster, IMAX's President, Filmed Entertainment. "IMAX 3D films have historically been among our highest grossing, best received and most profitable, as they offer an immersive experience that is appealing to both educational and commercial audiences. We look forward to working with Warner Bros. Pictures to deliver another captivating IMAX 3D film."

Previous releases from Warner Bros. Pictures in the IMAX format include, Harry Potter and the Prisoner of Azkaban, The Matrix Reloaded and The Matrix Revolutions.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies. IMAX businesses include the creation and delivery of the world's best cinematic presentations using proprietary IMAX and IMAX 3D technology, and the development of the highest quality digital production and presentation. As of June 30, 2004, there were 240 IMAX theatres operating in 35 countries.

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

SOURCE Imax Corporation

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