Box Office Continues To Climb as Holiday Classic Shows Legs in its Second IMAX Season New Audiences and Repeat Customers Make IMAX(R) 3D Re-Release Part of Holiday Experience

NEW YORK, Dec 16, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- IMAX Corporation and Warner Bros. Pictures today announced that The Polar Express: An IMAX 3D Experience, now in its second holiday season, has reached another box office milestone, surpassing $50 million in total gross box office receipts since it premiered last November. The digitally re-mastered holiday classic was re-released November 23rd in IMAX(R) theatres, simultaneous with its DVD launch, and has continuously been among the top 20-grossing films in North America. In its third weekend, from Friday, December 9 through Sunday, December 11, the film registered an impressive twelfth-place ranking on the charts, grossing $931,603 on just 66 screens. Numerous IMAX theatres across the network have reported strong advance ticket sales for this weekend and throughout the holiday season.

"We are thrilled that moviegoers are returning to IMAX theatres to experience The Polar Express again this holiday season," said Dan Fellman, President of Domestic Distribution at Warner Bros. Pictures. "The re-release IMAX(R) 3D version complements the marketing of the DVD release while offering families a unique holiday experience that they can't get anywhere else. We look forward to the film's continued stellar performance in IMAX theatres throughout this holiday season and those to come."

"The record-breaking box office performance of this incredible film was made possible by Warner Bros. Pictures' vision to package a new holiday classic with an unparalleled cinematic experience," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "IMAX theatres are top of mind for consumers this holiday season and we are confident that The Polar Express will continue to draw record crowds and generate incremental revenue for exhibitors and Warner Bros. Pictures well into 2006 and beyond."

"The film's success again this year demonstrates that The Polar Express has become a holiday perennial in IMAX theatres throughout the world," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "We are thrilled to be able to continue delivering exceptional content to IMAX audiences through our partnership with Warner Bros. Pictures."

Research conducted at numerous IMAX theatres during the opening weekend of The Polar Express: An IMAX 3D Experience revealed extremely high customer satisfaction levels. The research also indicated that more than half of the moviegoers surveyed saw the film last year in IMAX 3D and would see it again in subsequent years, providing strong evidence that the IMAX 3D film has the makings of a perennial holiday classic.

About IMAX Corporation

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Founded in 1967, IMAX Corporation (NASDAQ: IMAX; TSX: IMX) is the newest distribution platform for Hollywood content and one of the world's leading entertainment technology companies. IMAX delivers the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR technology. IMAX DMR (Digital Re-mastering) makes it possible for virtually any 35mm film to be transformed 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. As of September 30, 2005, there were 261 IMAX theatres operating in more than 38 countries.

IMAX(R), IMAX(R) 3D, IMAX DMR(R), The IMAX Experience(R) and An IMAX 3D Experience 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 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, 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, 2004 and in the subsequent reports filed by the Company with the Securities and Exchange Commission.

SOURCE IMAX Corporation

Media: IMAX Corporation, New York, Romi Schutzer, (212) 821-0144, rschutzer@imax.com; Warner Bros. Pictures, Los Angeles, Stacy Ivers, (818) 954-6228, stacy.ivers@warnerbros.com; Business Media: Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Analysts: IMAX Corporation, New York, Cheryl Cramer, (212) 821-0121, ccramer@imax.com; Entertainment Media: Newman & Company, Los Angeles, Al Newman, (310) 278-1560, asn@newman-co.com