LOS ANGELES – Nov. 16, 2012 – IMAX Corporation (NYSE:IMAX; TSX:IMX) and Twentieth Century Fox, a division of News Corp. (NASDAQ: NEWS), today announced that Life of Pi, Academy Award-winning director Ang Lee’s adaptation of writer Yann Martel’s beloved epic adventure of magical realism, will be digitally re-mastered into the immersive IMAX® 3D format. The film will be released in a limited number of IMAX® digital theatres in China, Taiwan, Hong Kong, India, Japan, Korea and other international markets starting Nov. 22.

The IMAX release of Life of Pi will be digitally re-mastered into the image and sound quality of The IMAX 3D 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.

“Ang Lee is a master filmmaker and we are so pleased to have the opportunity to work with him on Life of Pi,” said Greg Foster, Chairman and President of IMAX Filmed Entertainment. “IMAX 3D enhances the breathtaking visual spectrum and depth of the film and we’re excited that audiences will be able to take part in this inspirational story through the most immersive cinematic experience.”

You can learn more about Life of Pi by visiting Twentieth Century Fox’s official site at www.lifeofpimovie.com.

About Life of Pi
Academy Award-winning director Ang Lee (Brokeback Mountain, Crouching Tiger, Hidden Dragon) directs Life of Pi, based upon Yann Martel’s beloved book, which went on to become one of the biggest publishing events of the past decade. An epic adventure of magical realism, Life of Pi follows the story of a young man’s incredible survival at sea against almost impossible odds. A remarkable breakthrough in the use of 3D technology, Life of Pi will take audiences on an emotionally captivating journey that will inspire, touch and transport them to a place of discovery they will be unable to forget.
Life of Pi stars newcomer Suraj Sharma as Pi, Gerard Depardieu (Cyrano de Bergerac) and Rafe Spall.

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 Sept. 30, 2012, there were 689 IMAX theatres (556 commercial multiplex, 20 commercial destination and 113 institutional) in 52 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX Is Believing® 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).
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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:

For additional information please contact:	*Investors:*
Business Media:	IMAX Corporation – New York
IMAX Corporation – New York	Teri Loxam
Ann Sommerlath	212-821-0110
212-821-0155	tloxam@imax.com
asommerlath@imax.com
	*Entertainment Media:*
Sloane & Company – New York	IMAX Corporation – Los Angeles
Whit Clay	Christine Tasto
212-446-1864	310-255-5547
wclay@sloanepr.com	ctasto@imax.com

	Principal Communications Group – Los Angeles
	Melissa Zukerman/Paul Pflug
	323-658-1555
	melissa@pcommgroup.com
	paul@pcommgroup.com