First installment launches locally on Dec. 2; Part 2 dated for May 2015

SANTA MONICA, Calif., Nov. 21, 2014 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX; TSX:IMX) today announced that writer-director John Woo's grandiose two-part 3D film The Crossing will be digitally re-mastered in the immersive IMAX® 3D format and released by Le Vision in IMAX® theatres in China. The film will be released locally in two parts, the first of which is slated for release on Dec. 2. The second installment has been scheduled for May 2015.

The Crossing, which was produced by Lion Rock Productions and financed by four of the most influential movie studios in China – Galloping Horse, Le Vision, China Film Group and Huayi Brothers – reunites stars Takeshi Kaneshiro and Ziyi Zhang, both of whom starred in House of Flying Daggers (2004). The Crossing also stars Song Hye-kyo (The Grandmaster), Huang Xiaoming (The White-Haired Witch of Lunar Kingdom) and Tong Dawei (Red Cliff). The film was written by Woo, Su Chaopin and Chen Chinghui, with a script by Wang Hui-ling.

"I have always been a huge fan of IMAX, and I am thrilled to have an IMAX version of my film" said Woo. "The Crossing is set in a tumultuous period in recent Chinese history; and a lot of the spectacular scenes, like the two battle scenes and the sinking of the 'Taiping,' are shown to maximum effect on the IMAX screen."

Shot on location throughout mainland China, Inner Mongolia, Taipei and the south of Taiwan, the two-part film took 14 months to finish production. The film takes place during the Chinese Revolution in the late 1940s when many couples fled China, crossing the Taiwan Strait to Taiwan. In 1949, the sinking of the steamer "Taiping" led to the deaths of more than 1,500 passengers and crew.

"The Crossing is an epic event film perfectly suited for The IMAX Experience®," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "Not only is The Crossing an ideal fit for us thematically, it's also a strategically important addition to our film slate as it runs through the Chinese New Year and beyond."

The IMAX® 3D release of The Crossing 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 IMAX China
IMAX China is a wholly-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 September 30, 2014, there were 880 IMAX theaters (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:

*Business 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

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

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SOURCE IMAX Corporation