LOS ANGELES, Jan. 24, 2013 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX; TSX:IMX) and Paramount Pictures, a division of Viacom, Inc. (NASDAQ: VIA, VIAB), Metro-Goldwyn-Mayer Studios (MGM) and Skydance Productions, in association with Hasbro, today announced that G.I. Joe: Retaliation, the action-packed follow-up to the 2009 box office hit G.I Joe: The Rise of Cobra, will be digitally re-mastered into the immersive IMAX^® 3D format and released to select IMAX^® theatres internationally starting March 28 and for a one week run in North America beginning March 29.

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"Dwayne Johnson has resonated well with IMAX fans, and we believe his strong global appeal, coupled with the action spectacle of G.I. Joe: Retaliation in IMAX 3D is sure to excite moviegoers," said Greg Foster, Chairman and President of IMAX Filmed Entertainment.

The IMAX release of G.I. Joe: Retaliation will be digitally re-mastered into the image and sound quality of The IMAX 3D 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.

You can learn more about G.I. Joe: Retaliation by visiting Paramount's official site at http://www.gijoemovie.com.

About G.I. Joe: Retaliation
A follow-up to the 2009 release G.I. Joe: The Rise of Cobra, which grossed more than $300 million worldwide, Paramount Pictures, MGM and Skydance Productions, in association with Hasbro and di Bonaventura Pictures, presents G.I. Joe: Retaliation.

In this sequel, the G.I. Joes are not only fighting their mortal enemy, Cobra, they are forced to contend with threats from within the government that jeopardize their very existence. The film stars D.J. Cotrona, Byung-hun Lee, Adrianne Palicki, Ray Park, Jonathan Pryce, RZA, Ray Stevenson, Channing Tatum with Bruce Willis and Dwayne Johnson. Directed by Jon M. Chu, and produced by Lorenzo di Bonaventura and Brian Goldner, written by Rhett Reese and Paul Wernick based on Hasbro's G.I. Joe® characters, the film is scheduled to be released on March 29, 2013.

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 Sept. 30, 2012, there were 689 IMAX theatres (556 commercial multiplex, 20 commercial destination and 113 institutional) in 52 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).

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIA, VIAB), 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 Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Famous Productions, Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.

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:
IMAX Corporation, New York
Ann Sommerlath
212-821-0155
asommerlath@imax.com

Entertainment Media:
Principal Communications Group, Los Angeles
Melissa Zukerman/Paul Pflug
323-658-1555
melissa@pcommgroup.com
paul@pcommgroup.com

Investors:

IMAX Corporation – New York

Teri Loxam

212-821-0110

tloxam@imax.com

Business Media:

Sloane & Company – New York

Whit Clay

212-446-1864

wclay@sloanepr.com

SOURCE IMAX Corporation