Film Opens in IMAX(R) Theatres Worldwide

LOS ANGELES, Feb. 13 /PRNewswire-FirstCall/ - IMAX Corporation and Paramount Pictures announced today that The Spiderwick Chronicles, a fantasy adventure based on the best-selling series of books, will open in IMAX(R) theatres on February 14th, 2008, beginning with advance midnight shows in select IMAX theatres on the evening of February 13. Directed by Mark Waters (Mean Girls, Freaky Friday), the Kennedy/Marshall (The Sixth Sense, Jurassic Park) and Mark Canton (300) production of The Spiderwick Chronicles has been digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) through IMAX's DMR(R) (Digital Re-Mastering) technology.

"The Spiderwick Chronicles looks and sounds amazing in IMAX," said Mark Canton. "The grand scale and immersive nature of The IMAX Experience gives Spiderwick a brand new level of excitement. In IMAX theatres, fans will be drawn into the movie even further and feel as if they are actually part of the story."

"We've had great success with Hollywood movies that are based on best-selling books, and we are excited to reach the millions of loyal Spiderwick fans with the first film-adapted adventure from this beloved series of books," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "In IMAX theatres, audiences will feel as if they are actually inside the Spiderwick mansion as the magical adventures unfold around them."

From the beloved best-selling series of books comes "The Spiderwick Chronicles," a fantasy adventure for the child in all of us. Peculiar things start to happen the moment the Grace family (Jared, his twin brother Simon, sister Mallory and their mom) leave New York and move into the secluded old house owned by their great, great uncle Arthur Spiderwick. Unable to explain the strange disappearances and accidents that seem to be happening on a daily basis, the family blames Jared. When he, Simon and Mallory investigate what's really going on, they uncover the fantastic truth of the Spiderwick estate and of the creatures that inhabit it.

Paramount Pictures and Nickelodeon Movies present a Kennedy/Marshall and a Mark Canton Production of a Mark Waters film The Spiderwick Chronicles starring Freddie Highmore, Mary-Louise Parker, Nick Nolte with Joan Plowright and David Strathairn and the voices of Seth Rogen and Martin Short. The film is directed by Mark Waters from a screenplay by Karey Kirkpatrick and David Berenbaum and John Sayles, based on the books by Tony DiTerlizzi and Holly Black. The film is produced by Mark Canton, Larry Franco, Ellen Goldsmith-Vein and Karey Kirkpatrick. The executive producers are Julia Pistor, Tony DiTerlizzi and Holly Black. The director of photography is Caleb Deschanel, ASC. The production designer is James Bissell. The editor is Michael Kahn, A.C.E. The costumes are designed by Joanna Johnston. The music is by James Horner. The special visual effects are by Industrial Light & Magic. Visual effects by Tippett Studio.

The Spiderwick Chronicles: The IMAX Experience is scheduled to play at the following IMAX(R) Theatres beginning February 14th.

    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

    Fort Lauderdale - AutoNation(R) IMAX(R) Theater at Museum of
    Discovery and Science
    Jacksonville - World Golf Hall of Fame IMAX Theatre
    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
    Portage - Portage 16 IMAX

    Iowa

    Des Moines - Science Centre of Iowa

    Kansas

    Olathe - IMAX Theatre at AMC Studio 30

    Kentucky

    Louisville - Cinema De Lux 20: Stonybrook IMAX Theatre

    Louisiana

    Covington - Holiday Squares IMAX Cinema

    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

    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

    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 (opening February 22)
    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
    Spokane - Riverfront Park IMAX Theatre

    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
    Quebec City - IMAX le Theatre


    INTERNATIONAL

    Australia

    Melbourne - IMAX Theatre, Melbourne Museum

    Ecuador

    Guayaquil - Malecon 2000 IMAX

    Hong Kong

    Kowloon - UA MegaBox IMAX Theatre

    Korea

    Incheon - CGV Incheon
    Seoul - CGV Yongsan

    India

    Ghaziabad - Aerens R IMAX at RAP Adlabs
    Hyderabad - PRASAD IMAX Theatre

    Israel

    Haifa - IMAX Theatre

    Mexico

    Guadalajara - Cinepolis IMAX Theatre Galerias Guadalajara
    Monterrey - Cinepolis IMAX Theatre Valle Oriente
    Perisur - Cinepolis IMAX Theatre Perisur
    Universidad - Cinepolis IMAX Theatre Universidad

    Netherlands

    Amsterdam - Pathe Arena

    New Zealand

    Auckland - SKYCITY IMAX Theatre Queen Street

    Philipines

    Manila - San Miguel Coca-Cola IMAX Theatre

    UAE

    Dubai - Grand Megaplex 21 IMAX

    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 September 30, 2007, there were 296 IMAX theatres operating in 40 countries.

    IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R), 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 and the Company's financial reporting and accounting, 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/A for the year ended December 31, 2006, as well as the Company's Quarterly Reports on Form 10-Q/A and Form 10-Q.

SOURCE  IMAX Corporation
    -0-              02/13/2008
    /CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Business Media: Sloane & Company, New York, Whit
Clay, (212) 446-1864, wclay@sloanepr.com; Entertainment Media: Newman &
Company, Los Angeles, Al Newman, (310) 278-1560, asn@newman-co.com/
    (IMX. IMAX)

CO:  IMAX Corporation
ST:  Ontario, California
IN:  ENT FLM
SU:  PDT

    -30-

JB
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4981 02/13/2008 18:36 EST http://www.prnewswire.com