IMAX appoints Gary Moss Chief Operating Officer

IMAX appoints Gary Moss Chief Operating Officer

TORONTO, June 25 /PRNewswire-FirstCall/ -- IMAX Corporation (Nasdaq: IMAX; TSX: IMX) today announced the appointment of Gary Moss to the newly created position of Chief Operating Officer, effective July 20th, 2009. Based in Toronto, Mr. Moss will be primarily responsible for overseeing the Company's operations, leading and assisting the organization as it executes the Company's business strategy, refining performance management systems and focusing on the integrated operation of all business units. Mr. Moss will report directly to Richard L. Gelfond, IMAX's Chief Executive Officer.

Mr. Moss, 50, is Canadian and a 15-year veteran of the media and entertainment industry. Prior to joining IMAX, Mr. Moss served for four years as Chief Operating Officer and Chief Financial Officer of Concert Productions International (CPI), a major promoter of rock concerts and tours in North America, and an operating subsidiary of Live Nation Inc. Mr. Moss worked with EMI Group Canada Inc., as Vice President, Finance for nine years, and with Sega of Canada, Inc. as Vice President of Finance for two years. Throughout his career, Mr. Moss has provided strategic and operational leadership across all areas of business. Mr. Moss is a Chartered Accountant and received his Bachelors of Commerce from University of KwaZulu-Natal, South Africa.

"Our organization will benefit from Gary's leadership skills, business insight and experience, enabling IMAX to identify business opportunities, generate efficiencies across the organization and address the day-to-day needs of a dynamic Company," said Gelfond. "Gary has a strong ability to build team work and a proven approach to problem-solving, and we believe this appointment will further the continued growth and long-term success of the Company."

"IMAX's management team has a clear vision to grow the Company, both organically and from leveraging the strength of the IMAX brand," Mr. Moss added. "I look forward to this exciting opportunity and to being a member of a very dynamic team."

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive 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(R) theatres delivering the world's best movie presentations using proprietary IMAX, IMAX(R) 3D, and IMAX DMR(R), technology. IMAX DMR is the Company's groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience(R). The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of March 31, 2009, there were 371 IMAX theatres (250 commercial, 121 institutional) operating in 43 countries.

IMAX(R), IMAX(R) 3D, IMAX(R) DMR, The IMAX 3D Experience(R) and The IMAX Experience(R) 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/imaxnews) and YouTube (www.youtube.com/imaxmovies).

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, but are not limited to, general economic, market or business conditions, including the length and severity of the current economic downturn, the opportunities that may be presented to and pursued by the Company, the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes and developments in the commercial exhibition industry, the failure to convert theatre system backlog into revenue, investments and operations in foreign jurisdictions, foreign currency fluctuations and the Company's prior restatements and the related litigation and ongoing inquiries by the SEC and the OSC. These factors and other risks and uncertainties are discussed in the Company's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

Source: IMAX Corporation

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0144, sgormley@imax.com; Investors: IMAX Corporation, New York, Heather
Anthony, (212) 821-0121, hanthony@imax.com; Business Media: Sloane & Company,
New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Entertainment Media:
Rogers & Cowan, Los Angeles, Jason Magner, (310) 854-8128,
jmagner@rogersandcowan.com

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