Legendary Rock Band, Academy Award-winning Director and World's Most Powerful Cinematic Format Join Forces in "Shine A Light: The IMAX Experience"

LOS ANGELES, CA, July 30 /PRNewswire-FirstCall/ - IMAX Corporation, Paramount Pictures, Shangri-La Entertainment and Concert Productions International today announced that the highly anticipated Rolling Stones concert film Shine A Light, directed by Academy Award-winning filmmaker Martin Scorsese, will be released to IMAX(R) theatres simultaneously with the film's wide release on September 21, 2007. Shine A Light will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) with IMAX DMR(R) (Digital Re-Mastering) technology.

"I am very pleased that audiences will have the opportunity to experience Shine A Light in IMAX. The larger-than-life images and sound of an IMAX theatre will only enhance the experience of giving viewers the best seat in the house to watch the Rolling Stones perform," said Mr. Scorsese.

"IMAX is all about immersing an audience in sight and sound - placing moviegoers in the middle of an experience - and in Mr. Scorsese's Shine A Light: The IMAX Experience, audiences will feel as if they are literally in the front row at the concert," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "We expect the energy from the IMAX release of Shine A Light to entertain and inspire in a truly immersive and unique way."

"We couldn't be happier to work with the Rolling Stones, Paramount, Shangri-La Entertainment and Concert Productions International to bring the Stones and Martin Scorsese to The IMAX Experience," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "With 12,000 watts of digital surround sound, crystal clear images and IMAX's immersive screens, this film will offer moviegoers and fans of the Stones a front row ticket to a very cool concert event."

More than a decade ago, the Rolling Stones were featured in an IMAX movie that re-defined the way people experience concert films. Since then, the IMAX theatre network has tripled in size, with most IMAX theatres now located in commercial markets.

"Since the last Rolling Stones IMAX film, our theatre network has expanded into hundreds of cities worldwide, so we're very excited to be able to reach a much wider global fan-base with Shine A Light," continued Mr. Foster. "Moreover, many IMAX films of this genre tend to play in IMAX theatres for years, not weeks, so we believe this project is an ideal candidate to become an IMAX perennial."

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in digital and film-based motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX theatres delivering the world's best cinematic presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR technology. IMAX DMR is the Company's groundbreaking digital remastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience. IMAX's renowned projectors display crystal-clear images on the world's biggest screens, and the IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of March 31, 2007, there were 283 IMAX theatres operating in 40 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX(R) 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'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 ongoing discussions with the SEC and OSC relating to their ongoing inquiries and the Company's financial reporting and accounting, 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, risks arising from potential material weaknesses in internal control over financial reporting 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, 2006.

SOURCE IMAX Corporation
CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212) 821-0155, sgormley@imax.com; Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Entertainment Media: Newman &
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