Tentpole Slated for Global Roll-Out in IMAX the Weekend of July 15

LOS ANGELES, March 3, 2016 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) and Sony Pictures Entertainment today announced that Sony Pictures' highly anticipated summer tentpole Ghostbusters, from director Paul Feig, will be digitally re-mastered into the immersive IMAX^® 3D format and released into IMAX^®theatres domestically on July 15, with select international territories set to begin the day prior.

The new film stars Melissa McCarthy, Kristen Wiig, Kate McKinnon, Leslie Jones, and Chris Hemsworth, from a screenplay written by Feig & Kate Dippold, based on the film Ghostbusters, written by Dan Aykroyd and Harold Ramis and directed by Ivan Reitman. Reitman and Amy Pascal produced.

"This Ghostbusters film is not only hilarious, it has the kind of action and spectacle that the IMAX format was made to showcase," said Rory Bruer, President of Worldwide Distribution for Sony Pictures. "We're thrilled that audiences will have the chance to experience this incredible movie in IMAX."

"Ghostbusters is a cultural phenomenon, and we look forward to bringing this exciting re-imagining to IMAX^® 3D theatres around the world," said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. "Sony has assembled a hugely talented team of filmmakers which has created a film with amazing scope and scale in which the stunts, the thrills and, of course, the laughs will all be bigger in IMAX."

The IMAX^® 3D release of Ghostbusters 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 Sony Pictures Entertainment
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition and distribution; television production, acquisition and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. For additional information, go to http://www.sonypictures.com.

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 Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."

IMAX^®, IMAX® 3D, IMAX DMR^®, Experience It In IMAX^®, An IMAX 3D Experience^®, The IMAX Experience^® and IMAX^® 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:

IMAX Corporation – New York

Ann Sommerlath

212-821-0155

asommerlath@imax.com

Sloane & Company – New York

Whit Clay

212-446-1864

wclay@sloanepr.com

Investors:

IMAX Corporation – New York