Latest Action/Adventure from the Makers of "The Matrix" Trilogy to Open

in 110 IMAX Theatres Worldwide

LOS ANGELES, May 8 /PRNewswire-FirstCall/ - IMAX Corporation and Warner Bros. Pictures announced today that Speed Racer, the new live-action film from the creators of The Matrix trilogy, will open in North America on 84 IMAX screens on May 9, 2008, simultaneously with the movie's wide release. The picture will also open internationally in 26 IMAX(R) theatres during the days and weeks following the domestic launch.

Speed Racer has been digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) with IMAX DMR(R) (Digital Re-mastering) technology. Warner Bros. Pictures will be the exclusive distributor of the film to IMAX theatres worldwide.

"In IMAX theatres, audiences can experience the next best thing to actually sitting in the driver's seat during this high-speed adventure," said Dan Fellman, President of Domestic Distribution at Warner Bros. Pictures. "The riveting action and stunning special effects make it an ideal fit for IMAX's format."

"Speed Racer has all the elements for a powerful IMAX experience, with its broad appeal and spectacular effects," said Veronika Kwan-Rubinek, President of International Distribution, Warner Bros. Pictures. "We are excited to be exhibiting the film internationally in this unique format."

"With up to 14,000 watts of digital surround sound and crystal clear, larger-than-life images, this movie looks and sounds amazing in IMAX, and we're very excited to give Speed Racer fans a premium way to experience this incredible thrill ride," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "Warner Bros. Pictures, the Wachowski brothers and Joel Silver have once again created an edge-of-your-seat adventure that is ideally suited for The IMAX Experience."

About Speed Racer

From the Wachowski brothers and producer Joel Silver, creators of the groundbreaking "The Matrix" trilogy, comes the high-octane, live-action family adventure "Speed Racer," which follows the adventures of the young racecar driver Speed (Emile Hirsch) in his quest for glory in his thunderous Mach 5. The Wachowski brothers directed "Speed Racer" from their own screenplay. Joel Silver, Grant Hill, Andy Wachowski and Larry Wachowski are the producers, with David Lane Seltzer, Michael Lambert and Bruce Berman serving as executive producers. The film stars Emile Hirsch, Christina Ricci, John Goodman, Susan Sarandon, Matthew Fox, Benno Furmann, Hiroyuki Sanada, Asian pop superstar Rain, and Richard Roundtree. Based on the classic series created by anime pioneer Tatsuo Yoshida, the live-action "Speed Racer" will showcase the kind of revolutionary visual effects and cutting-edge storytelling that have become the benchmarks of the Wachowski brothers' films. "Speed Racer" is a Warner Bros. Pictures presentation, in association with Village Roadshow Pictures, of a Silver Pictures Production, in association with Anarchos Productions. This film is rated PG. www.speedracerthemovie.com

Speed Racer: The IMAX Experience is scheduled to play day-and-date at the following IMAX(R) Theatres beginning May 9th.

    UNITED STATES
    -------------

    Arizona
    Mesa - Gateway 12 IMAX Theatre
    Phoenix - IMAX Theatre at AMC Deer Valley 24

    California
    Cathedral City - Desert IMAX Theatre
    Dublin - Regal Hacienda Crossings IMAX
    Fresno - Fresno Stadium Cinema & IMAX
    Irvine - Edwards Irvine Spectrum IMAX
    Los Angeles - Universal CityWalk IMAX Theatre
    Los Angeles - IMAX Theatre at The Bridge: cinema de lux
    Ontario - Edwards Ontario Palace IMAX
    San Diego - San Diego IMAX at Mira Mesa 18
    San Francisco - AMC Loews IMAX Theatre at Metreon

    Colorado
    Colorado Springs - Cinemark IMAX Theatre at Cinemark Carefree Circle
    Denver - UA Colorado Center IMAX

    Connecticut
    Manchester - IMAX Theatre at Showcase Cinemas Buckland Hills

    Florida
    Orlando - Pointe Orlando 20 & IMAX
    St. Petersburg - Muvico BayWalk 20 & IMAX
    Tampa - Channelside Cinemas IMAX
    West Palm Beach - Parisian 20 & IMAX

    Georgia
    Buford - Regal Mall of Georgia IMAX

    Idaho
    Boise - Edwards Boise Stadium IMAX

    Illinois
    Batavia - Randall 15 IMAX
    Chicago - Navy Pier IMAX Theatre
    Lincolnshire - Regal Lincolnshire IMAX
    Woodridge - Cinemark IMAX Theatre at Seven Bridges

    Indiana
    Evansville - Showplace Cinemas IMAX Theatre
    Indianapolis - ShowPlace 16 IMAX Theatre
    Noblesville - Hamilton Towne Center 16 + IMAX
    Portage - Portage 16 IMAX

    Iowa
    Council Bluffs - Star Cinemas Council Bluffs

    Kansas
    Olathe - IMAX Theatre at AMC Studio 30

    Kentucky
    Louisville - Cinema De Lux 20: Stonybrook IMAX Theatre

    Massachusetts
    Natick - Verizon IMAX 3D Theater at Jordan's Furniture - Natick
    Reading - Verizon IMAX 3D Theater at Jordan's Furniture - Reading

    Michigan
    Dearborn - The Henry Ford IMAX Theatre
    Grand Blanc - NGC Trillium IMAX Theatre
    Grand Rapids - IMAX Theatre at Celebration! Cinema
    Lansing - IMAX Theatre at Celebration! Cinema
    Sterling Heights - IMAX Theatre at AMC Forum 30 Ypsilanti - Showcase
     Cinemas Ann Arbor

    Minnesota
    Apple Valley - Great Clips IMAX Theatre
    St. Michael - CineMagic Metropolitan IMAX Theatre

    Missouri
    St. Louis - Ronnies 20 Cine IMAX

    Nevada
    Las Vegas - Brenden Theatres and IMAX at the Palms Casino Resort
    Las Vegas - Red Rock Stadium 16 & IMAX

    New Hampshire
    Hooksett - Cinemagic IMAX Theatre

    New Jersey
    Atlantic City - IMAX Theatre at Tropicana Casino

    New York
    Garden City - Leroy R. and Rose W. Grumman IMAX Dome Theater
    New York City - AMC Loews IMAX Theatre, Lincoln Square
    New Rochelle - Regal New Roc City IMAX
    Rochester - Cinemark IMAX Theatre at Tinseltown USA
    West Nyack - IMAX Theatre at Palisades Center
    White Plains - IMAX Theatre at City Center: Cinema de lux
    Williamsville - Regal Transit Center IMAX

    North Carolina
    Charlotte - Charlotte Observer IMAX Dome Theatre, Discovery Place
    Raleigh - Wachovia IMAX Theatre at Marbles Kids Museum

    Ohio
    Cincinnati -Cinema De Lux 18: Springdale IMAX Theatre
    Columbus - IMAX Theatre at AMC Easton Town Center 30

    Oklahoma
    Tulsa - Cinemark IMAX Theatre at The Tulsa

    Oregon
    Tigard - Portland IMAX at Bridgeport Village Stadium 18

    Pennsylvania
    Harrisburg - Select Medical IMAX Theater at The Whitaker Center
    King of Prussia - UA King of Prussia IMAX
    Tarentum - Cinemark IMAX Theatre at the Galleria Pittsburgh Mills

    Rhode Island
    Providence - Feinstein IMAX Theatre Providence Place

    Tennessee
    Knoxville - Pinnacle 18 Complex at Turkey Creek
    Nashville - Regal Opry Mills IMAX

    Texas
    Dallas - Cinemark IMAX Theatre at Cinemark 17
    Houston - Edwards Marq(x)E IMAX
    Houston - Silverado Station 18 IMAX
    San Antonio - Palladium IMAX Theatre

    Utah
    Sandy - Megaplex 17 IMAX at Jordan Commons

    Virginia
    Chantilly - Steven F. Udvar-Hazy Center IMAX Theater
    Hampton - Riverside 3D IMAX Theater at the Virginia Air & Space Center

    Washington
    Seattle - Pacific Science Center Boeing IMAX Theater

    Wisconsin
    Fitchburg - Star Cinema IMAX

    CANADA
    ------

    Alberta
    Calgary - Scotiabank Theatre Chinook
    Edmonton - Scotiabank Theatre West Edmonton Mall

    British Columbia
    Langley - Cineplex IMAX Theatre, Colossus Langley
    Richmond - Cineplex IMAX Theatre, SilverCity Riverport

    Nova Scotia
    Halifax - The Empire IMAX in Bayers Lake

    Ontario
    Mississauga - Cineplex IMAX Theatre, Coliseum Mississauga
    Ottawa - Cineplex Entertainment IMAX Theatre, SilverCity Gloucester IMAX
     Theatre
    Toronto - Cineplex IMAX Theatre, Scotiabank Theatre Toronto
    Woodbridge - Cineplex Entertainment IMAX Theatre, Colossus Woodbridge

    Quebec
    Montreal - Cineplex Entertainment IMAX Theatre, Scotiabank Theatre
     Montreal

    INTERNATIONAL
    -------------

    Argentina
    Buenos Aires - IMAX Center Norte

    Ecuador
    Guayaquil - Fundacion Malecon 2000

    Guatemala
    Guatemala City - Pradera Concepcion

    Hong Kong
    Kowloon - UA MegaBox IMAX Theatre

    Israel
    Haifa - IMAX Kiryon at GlobusMax Kiryon

    Korea
    Ilsan - CGV Ilsan
    Pusan - CGV Seomyun IMAX
    Seoul - CGV Yongsan

    Mexico
    Mexico City - Cinepolis IMAX Theatre Perisur
    Mexico City - Cinepolis IMAX Theatre Universidad

    Netherlands
    Amsterdam - Pathe Arena

    New Zealand
    Auckland - SKYCITY IMAX Theatre Queen Street

    Philippines
    Manila - San Miguel Coca-Cola IMAX Theatre

    South Africa
    Durban - Gateway IMAX Theatre
    Pretoria - Menlyn IMAX Theatre

    Spain
    Barakaldo - Yelmo Cines Megapark
    Malaga - Yelmo Cines Plaza Mayor
    Oviedo - Yelmo Cines Los Prados

    Taiwan
    Taipei - Samsung IMAX Miramar Cinemas

    Turkey
    Ankara - IMAX Odeon Cineplex
    Istanbul - AFM IMAX Istinye Park

    UK
    Birmingham - IMAX Theatre at Millennium Point
    Bradford - IMAX National Media Museum
    Glasgow - Glasgow Science Centre IMAX Cinema
    London - BFI London IMAX Cinema
    Manchester - ODEON IMAX Cinema Manchester @ The Printworks

Additional theatres will be confirmed. Please check local listings or IMAX.com for final theatre listings, launch dates and showtimes.

About IMAX Corporation

IMAX Corporation is one of the world's leading digital entertainment and technology companies. 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 technology. IMAX DMR is the Company's groundbreaking digital remastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience. IMAX's renowned projectors and new digital systems display crystal-clear images on the world's biggest screens. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of December 31, 2007, there were 299 IMAX theatres operating in 39 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR-, IMAX MPX-, and The IMAX Experience(R) are trademarks of IMAX Corporation. More information on the Company can be found at www.imax.com.

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, 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, the performance of films, the viability of new businesses and products, risks arising from potential material weaknesses in internal control over financial reporting and fluctuations in foreign currency and in the large format and general commercial exhibition market. These factors and other risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2007.

SOURCE  IMAX Corporation
    -0-              05/08/2008
    /CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Warner Bros. Pictures, Los Angeles, Jessica
Zacholl, (818) 954-3599, jessica.zacholl@warnerbros.com; Business Media:
Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com;
Investors: Integrated Corporate Relations, Amanda Mullin, (203) 682-8243,
amanda.mullin@icrinc.com; Entertainment Media: Newman & Company, Los Angeles,
Al Newman, (310) 278-1560, asn@newman-co.com/
    (IMX. IMAX)

CO:  IMAX Corporation
ST:  California
IN:  ENT FLM
SU:

    -30-

RP
-- TO233 --
1907 05/08/2008 14:35 EDT http://www.prnewswire.com