IMAX(R) 3D Slate Continues to Grow With Top Tent-Pole Releases

LOS ANGELES, May 12, 2010 (GlobeNewswire via COMTEX) --IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Sony Pictures Releasing today announced that Resident Evil: Afterlife, the highly-anticipated fourth installment of the popular film series based on the video game, will be released to digital IMAX(R) theatres simultaneously with the film's wide release on September 10, 2010. The film, which was photographed in 3D, will be digitally re-mastered into the image and sound quality of The IMAX Experience(R) with proprietary IMAX DMR(R) (Digital Re-mastering) technology and presented in IMAX(R) 3D. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique immersive environment that will make audiences feel as if they are in the movie.

"In 3D, fans of Resident Evil will have a whole new way to enjoy this next exciting chapter, and we're delighted that audiences will also have the opportunity to experience the film in IMAX 3D at digital IMAX locations, where they will feel like they are virtually in the movie," said Rory Bruer, President, Worldwide Distribution for Sony Pictures Releasing.

"Our ability to include Resident Evil into the IMAX lineup for 2010 is a direct result of the growing IMAX theatre network, and we're excited to work once again with Sony Pictures to reach the vast fan-base for this series," said IMAX CEO Richard L. Gelfond. "Our partnership with Sony Pictures Entertainment is growing with our digital theatre network, and we're looking forward to continued success with them as we open more theatres, release more event films and expand our audience globally."

"The Resident Evil series and IMAX share a key common ground -- fanboys," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "We're very excited to add this movie to our lineup to offer the millions of loyal Resident Evil fans a chance to experience this next chapter in IMAX 3D."

About Resident Evil: Afterlife

In a world ravaged by a virus infection, turning its victims into the Undead, Alice (Milla Jovovich) continues on her journey to find survivors and lead them to safety. Her deadly battle with the Umbrella Corporation reaches new heights, but Alice gets some unexpected help from an old friend. A new lead that promises a safe haven from the Undead takes them to Los Angeles, but when they arrive the city is overrun by thousands of Undead - and Alice and her comrades are about to step into a deadly trap. Written and directed by Paul W.S. Anderson, the film is produced by Jeremy Bolt, Paul W.S. Anderson, Robert Kulzer, Don Carmody, Bernd Eichinger, and Samuel Hadida. A Constantin Film International GmbH / Davis Films/Impact Pictures Inc. Production

About Sony Pictures Entertainment

Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in more than 130 countries. Sony Pictures Entertainment can be found on the World Wide Web at www.sonypictures.com.

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(R) 3D, and IMAX DMR 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 June 30, 2009, there were 394 IMAX theatres (273 commercial, 121 institutional) operating in 44 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(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/imaxnews) and YouTube (www.youtube.com/imaxmovies).

The IMAX Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6469

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 accounting, the performance of films, the signing of theatre system agreements, the viability of new technologies, businesses and products, 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, risks arising from potential material weaknesses in internal control over financial reporting and fluctuations in foreign currency and in the large format, general commercial exhibition and out-of-home entertainment markets. 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: IMAX Corporation

CONTACT:  IMAX Corporation, New York
Media:
Sarah Gormley
212-821-0155
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Investors:
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Sony Pictures, Los Angeles
Steve Elzer
310-244-7142
Steve_Elzer@spe.sony.com
Sloane & Company, New York
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Whit Clay
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