Director Michel Gondry Makes His IMAX Debut With Superhero Action Thriller

LOS ANGELES, Jun 16, 2010 (GlobeNewswire via COMTEX) --IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Sony Pictures Releasing announced today that The Green Hornet, the highly anticipated adaptation of the radio and television masked superhero character will be released to IMAX(R) theatres, simultaneously with the film's wide domestic 2D and 3D release on January 14, 2011. The film will be digitally re-mastered into the image and sound quality of The IMAX Experience(R) and presented in IMAX(R) 3D.

"We are tremendously excited that The Green Hornet will be released in IMAX 3D as part of our wide release of the film," said Rory Bruer, President, Worldwide Distribution for Sony Pictures Releasing. "When you have a film that has such an imaginative and unique depth, scope, and visual style, you really should experience the film with the outstanding 3D elements that the filmmakers are delivering. We believe The IMAX 3D Experience(R) will offer audiences a truly state of the art cinematic experience."

"Superhero movies typically play very well with IMAX audiences, making the release of The Green Hornet a great way to kick off our 2011 slate," said IMAX Chief Executive Officer Richard L. Gelfond. "We're pleased with the continued expansion of our relationship with Sony Pictures, and we're excited to work with them to reach our growing audience base with another quality film."

"We're excited to welcome Michel Gondry to the list of acclaimed directors who have released films into the IMAX network and we believe his innovative creative vision will play very well in IMAX," added Greg Foster, Chairman and President, Filmed Entertainment. "This film is ideally suited to our fan-boy audience, and in IMAX 3D, they will be transported into the world of The Green Hornet."

In the film, Britt Reid (Seth Rogen), son and heir to Los Angeles' largest newspaper fortune, is a rich, spoiled playboy who has been happy to maintain a direction-less existence. When his father James Reid (Tom Wilkinson) mysteriously dies, Britt meets an impressive and resourceful company employee, Kato (Jay Chou). They realize that they have the resources to do something worthwhile with their lives and finally step out of James Reid's shadow. Kato builds the ultimate weapon, The Black Beauty, an indestructible car with every weapon and gadget imaginable and Britt decides that in order to be heroes, they will pose as villains. With the help of Britt's new secretary, Lenore Case (Cameron Diaz), they learn that the chief criminal in the city is named Benjamin Chudnofsky (Christoph Waltz). He has united all the gangs under his power, and he quickly sees that the Green Hornet is a direct threat to the prosperous criminal underworld he controls. Directed by Michel Gondry. The screenplay is by Seth Rogen & Evan Goldberg, based upon "The Green Hornet" radio series created by George W. Trendle. The film is produced by Neal H. Moritz.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive 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 3D, and IMAX DMR(R) technology. IMAX DMR is the Company's groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of March 31, 2010, there were 438 IMAX theatres (316 commercial, 122 institutional) operating in 47 countries.

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IMAX(R), IMAX(R) 3D, IMAX DMR(R), Experience It In IMAX(R), An IMAX 3D Experience(R) and The IMAX Experience(R) 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 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, but are not limited to, general economic, market or business conditions, including the length and severity of the current economic downturn, the opportunities that may be presented to and pursued by the Company, the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes and developments in the commercial exhibition industry, the failure to convert theatre system backlog into revenue, investments and operations in foreign jurisdictions, foreign currency fluctuations and the Company's prior restatements and the related litigation and ongoing inquiries by the SEC and the OSC. These factors and other risks and uncertainties are discussed in the Company's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

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SOURCE: IMAX Corporation

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