Spider-Man(R) 3: The IMAX Experience grosses $20 million

Spider-Man(R) 3: The IMAX Experience grosses $20 million

LOS ANGELES, CA, June 5 /PRNewswire-FirstCall/ -- IMAX Corporation (NASDAQ:IMAX; TSX:IMX) and Sony Pictures Entertainment today announced that Columbia Pictures' Spider-Man 3: The IMAX Experience has grossed more than $20 million worldwide since premiering on May 3, 2007. The picture continued its heroic box office performance by reaching the $20 million milestone faster than any other 2D digitally re-mastered IMAX release, between its opening on May 3 and June 3, 2007. Spider-Man 3 is currently playing on 84 domestic IMAX(R) screens and 34 international IMAX screens, the largest opening in IMAX's 40-year history. The film's overall worldwide box office total is now more than $844 million, making Spider-Man 3 the highest grossing film in the Spider-Man franchise and the highest grossing movie in Sony Pictures' history.

"We're very impressed by the box office success of Spider-Man 3 in IMAX venues," said Rory Bruer, President, Domestic Distribution, Sony Pictures Releasing. "The IMAX release clearly has been well-received by Spider-Man fans, and we anticipate they will continue to fill theatres around the world to experience Spider-Man 3 in a unique and compelling way."

"Sony Pictures Entertainment, Columbia Pictures and the Spider-Man filmmakers delivered an incredible film to the IMAX(R) theatre network, and we are so pleased to have partnered with them again," added Greg Foster, Chairman and President, IMAX Filmed Entertainment. "The film's record-breaking success is a testament to a formula that is well-suited to IMAX's format, and the audience response further demonstrates demand for that 'wow' factor."

Spider-Man 3 is directed by Sam Raimi, who also directed the first two blockbuster installments of the Marvel Comics superhero, Spider-Man and Spider-Man 2. The picture reunites the cast led by Tobey Maguire, Kirsten Dunst and James Franco. To date, the Spider-Man series has surpassed $2.4 billion in worldwide box office receipts.

In Spider-Man 3, based on the legendary Marvel Comics series, Peter Parker has finally managed to strike a balance between his devotion to M.J. and his duties as a superhero. But there is a storm brewing on the horizon. As Spider-Man basks in the public's adulation for his accomplishments and he is pursued by Gwen Stacy (Bryce Dallas Howard), who rivals M.J. for his affections, Peter becomes overconfident and starts to neglect the people who care about him most. His newfound self-assuredness is jeopardized when he faces the battle of his life against two of the most feared villains ever (Thomas Haden Church, Topher Grace), whose unparalleled power and thirst for retribution threaten Peter and everyone he loves.

Columbia Pictures Presents A Marvel Studios/Laura Ziskin Production Spider-Man(R) 3 starring Tobey Maguire, Kirsten Dunst, James Franco, Thomas Haden Church, Topher Grace, Bryce Dallas Howard, Rosemary Harris, J.K. Simmons and James Cromwell. The film is directed by Sam Raimi (Spider-Man, Spider-Man 2). The screenplay is by two-time Oscar(R) winner Alvin Sargent (Ordinary People, Spider-Man 2) and the screen story by Sam Raimi & Ivan Raimi and based on the Marvel Comic Book by Stan Lee and Steve Ditko. The producers are Laura Ziskin (Spider-Man, Spider-Man 2), Avi Arad (Spider-Man, X-Men) and Grant Curtis (Spider-Man, Spider-Man 2). The executive producers are Joseph M. Caracciolo (Spider-Man 2 and Charlie's Angels(R)) Kevin Feige (Spider-Man 2, X Men 2) and Stan Lee.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in digital and film-based motion picture technologies. 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(R) 3D, and IMAX DMR(R) 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(R). IMAX's renowned projectors display crystal-clear images on the world's biggest screens, and the IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2006, there were 280 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 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, the outcome of the Company's current accounting review, risks arising from potential material weaknesses in internal control over financial reporting, the ability to satisfy the reporting covenant by the amended filing deadlines, the extent and impact of the restatement of our financial statements, the outcome of the appeal of the NASDAQ Staff Determination letter 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, 2005.

Source: IMAX Corporation

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Investors: Integrated Corporate Relations, Amanda
Mullin, (203) 682-8243; Entertainment Media: Newman & Company, Los Angeles, Al
Newman, (310) 278-1560, asn@newman-co.com; Business Media: Sloane & Company,
New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com

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