IMAX SIGNS 10-THEATRE AGREEMENT WITH SHANGHAI BESTAR CINEMAS MANAGEMENT CO. LTD. IN CHINA

May 4, 2016 – 2:45 pm | Permalink

Top Chinese Property Developer Future Land Holdings Launches Exhibition Business;
IMAX to Serve as Anchor Attraction for Shanghai Bestar Cinemas Management Co. Ltd.

SHANGHAI – May 2, 2016 – IMAX Corporation (NYSE:IMAX), IMAX China Holding Inc. (HKSE:1970) and Shanghai Bestar Cinemas Management Co. Ltd., a subsidiary of Future Land Holdings Co. Ltd. (HKSE: 1030), (SSE: 601155) a leading property developer in China, today announced an agreement at the Shanghai headquarters of Future Land Holdings Co. Ltd. for 10 new IMAX® theatres to be located throughout the P.R.C. The theatres will be added to multiplexes located within Injoy Plazas – Future Land’s commercial shopping center brand, and are expected to be installed in 2016 and 2017.

“Shanghai Bestar Cinemas was established in response to the growing Chinese film and exhibition industry and the vital role that entertainment plays in the success of our commercial property developments,” said Mr. Wang Zheng, Chief Executive Officer, Shanghai Bestar Cinemas Management Co., Ltd. “In China, IMAX is synonymous with the best moviegoing experience, which is why we are delighted to launch our exhibition business with IMAX. As we strongly build our circuit’s presence nationwide, we plan to open over 50 cinemas in three years and over 100 cinemas in five years, half of which will be installed with IMAX theatres. We look forward to expanding our partnership with IMAX.”

“We are delighted to partner with Future Land, one of the top developers in China, and are honored to be a part of its new exhibition business – Shanghai Bestar Cinemas,” said IMAX Corp. CEO Richard L. Gelfond. “We have relationships with virtually every major exhibitor and studio in China and continue to see increased interest among property developers in the country that have IMAX in mind at the inception of their projects – further solidifying our position in the Chinese entertainment ecosystem.”

Shanghai Bestar Cinemas Management Co. Ltd.
Shanghai Bestar Cinemas Management Co. Ltd. is a subsidiary of Future Land Holdings Co. Ltd., (HK Code: 01030.HK), giving full play to abundant capital and project management capability. Relying on a sophisticated theater management team, the world’s most cutting-edge film equipment, and working with the best theater design team in Asia, it will construct and operate more than 50 high-end, innovative studios within three years. With an investment of 3 billion RMB within five years, it will construct and operate 100 high-end, innovative cinemas. More than half of its cinemas will be installed with IMAX theaters, building a cinema culture kingdom combining film projection, interactive entertainment and leisure experience. In this way, it leads customers into the world of fantasy.

About IMAX China
IMAX China is a subsidiary of IMAX Corporation, and is incorporated under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX’s business throughout Greater China. IMAX China trades on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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 Mar. 31, 2016, there were 1,066 IMAX theatres (952 commercial multiplexes, 17 commercial destinations and 97 institutions) in 68 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

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BMZ Review: Space Next

April 28, 2016 – 3:06 pm | Permalink

Before and Now and …
Space Next
By Ross Anthony

Despite the title, SPACE NEXT actually provides an excellent history of international space exploration from rockets to shuttles to space stations and then finally to future plans – most notably humans on Mars.

Surprisingly, the opening futuristic sequence fails to impress. I sighed when I saw it and readied myself for a sub par production. But, my assessment was premature and wrong. SPACE NEXT notches up its visuals at every step. Like humankind’s ever increasing drive to reach higher/deeper into space, this film ups its game sequence by sequence. By the end of the production, it’ll knock your socks off.

It sports far more SPACE BEFORE and SPACE NOW than SPACE NEXT, but it’s still well worth seeing for education and inspiration.

Space Next. Copyright © 2016.
Directed by Luke Ployhar. Written by Scott Pearson. Produced by Luke Ployhar, Ashley Jahnke.

Grade……………………..A- (3/4)

Copyright © 1998-2012 Ross Anthony, Author – Speaker – Solo World Circumnavigator

The Bullock Texas State History Museum to Convert to IMAX® with Laser

April 28, 2016 – 12:33 pm | Permalink

Landmark Museum First in Texas to Commit to IMAX’s Next-Generation Laser Technology

IMAX and the Bullock Texas State History Museum in Austin, Texas, today announced an agreement to install IMAX’s next-generation digital laser projection system – IMAX® with Laser – at its IMAX® theatre. The groundbreaking new laser technology will replace the Museum’s current IMAX xenon digital projection system and further enhance The IMAX Experience® for visitors.

IMAX with Laser represents a quantum leap forward in cinema technology — providing audiences with the sharpest, brightest, clearest and most vivid digital images ever, combined with a whole new level of immersive audio. The technology will enable the Bullock Texas States History Museum to deliver the full array of the highest-quality IMAX digital content available. This will not only further enhance The IMAX Experience® for its patrons it will also offer the Museum a competitive advantage that can serve as a catalyst for future growth.

“Delivering premium experiences has always been a critical part of our mission and business,” said Dr. Victoria Ramirez, Director, Bullock Texas State History Museum. “IMAX is the only company that can deliver those experiences on our giant screen and we’re delighted to adopt IMAX with Laser – the future of cinema technology.”

“We are extremely pleased to continue our 16-year partnership with the Bullock Texas State History Museum,” said Don Savant, IMAX President of Global Sales, Development & Exhibitor Relations. “We are proud that this prestigious institution looks to IMAX to deliver the world’s best giant screen cinematic experience and together we will introduce a new chapter of immersive moviegoing in Texas.”

Designed from the ground up for IMAX’s largest screens, the dual 4K laser projection system is equipped with a new optical engine and suite of proprietary IMAX technologies capable of projecting an image with up to a 1.43:1 aspect ratio with maximum resolution and sharpness, unparalleled 2D and 3D brightness, industry-leading contrast and an expanded color gamut that will allow filmmakers to present more vivid and exotic colors than ever before.

The new system also includes IMAX’s next-generation sound technology that delivers even greater power and precision for ultimate audio immersion. It has been upgraded to 12 discrete channels plus sub-bass, and includes additional side channels as well as new overhead channels that will improve the system’s ability to position sounds around the audience and further ensure every seat is the best in the house.

Some of the world’s most iconic venues have installed IMAX with Laser including the Smithsonian’s Air and Space museums (Washington, DC and Chantilly, VA), the Pacific Science Center’s Boeing® IMAX Theatre (Seattle), the Auto & Technik Museum Sinsheim (Germany) and the Museum Victoria IMAX Theatre (Australia).

For more information on IMAX with laser, please visit:
http://www.imax.com/news/imax-laser-here

Poster, trailer for Mysteries of China

April 27, 2016 – 4:48 pm | Permalink

Giant Screen Films has released poster art and the trailer for their upcoming film, Mysteries of China.

Mysteries of Ancient China captures one of the great archaeological events in modern times, telling the story of ancient China, the First Emperor, and the literal foundation of the China we know today.

The film opens in IMAX, Giant Screen, and other specialty venues October 7, 2016.

Mysteries of China – Trailer from Giant Screen Films on Vimeo.

BMZ Film Page >>

IMAX CORPORATION REPORTS FIRST-QUARTER 2016 FINANCIAL RESULTS HIGHLIGHTS

April 22, 2016 – 2:01 pm | Permalink

NEW YORK, April 21, 2016 /PRNewswire/ —

HIGHLIGHTS

– Adjusted EPS of $0.22, up 214% over prior-year period, attributable to robust global box office growth and operating expense leverage

– Global Box Office of $272 million, up 64% from Q1 2015, driven by strong growth domestically and continued strength in international markets.

– Revenues increased 48% from prior-year period to $92.1 million, primarily due to strong box office

– Adjusted EBITDA grew 97% year-over-year to $31.5 million, resulting in adjusted EBITDA margins of 37.4%, up over 1,000 basis points from Q1 2015

– Signings growth of 71%, with 36 new signings up from 21 in Q1 2015

IMAX Corporation (NYSE: IMAX) today reported first-quarter 2016 revenues of $92.1 million, adjusted EBITDA as calculated in accordance with the Company’s credit facility of$31.5 million, and adjusted net income after non-controlling interest of $15.5 million, or$0.22 per diluted share, representing a 214% increase over the prior-year period. GAAP net income after non-controlling interest was $9.5 million, or $0.14 per diluted share. The Company also reported a first-quarter global per-screen average of $284,400, up 40% over Q1 2015. For reconciliations of adjusted net income to reported net income and for the definition of adjusted EBITDA, please see the tables at the end of this press release.

“2016 is off to an exceptional start for IMAX,” said IMAX CEO Richard L. Gelfond. “The pace of IMAX® theatre signings, installations and box office growth, both domestically and globally, continues to drive real momentum in the business. We saw strong financial results in the first quarter, with 48% revenue growth, over 1,000 basis points of EBITDA margin expansion, and adjusted EPS growth of more than 214% compared to the same period last year. We believe significant opportunity lies ahead as we continue the year with a robust pipeline of films featuring major blockbuster titles including a strong start to the second quarter with The Jungle Book, followed by Captain America: Civil War, Independence Day: Resurgence, Star Trek Beyond, Fantastic Beasts and Where to Find Them, Rogue One: A Star Wars Story and numerous other “IMAX-centric” motion pictures that are ideally sequenced throughout the year. We think we are well-positioned to continue to deliver sustainable long-term growth for our shareholders.”

Network Growth Update

The total IMAX theatre network consisted of 1,066 systems as of March 31, 2016, of which 952 were in commercial multiplexes. There were 388 theatres in backlog as of March 31, 2016, compared to 372 in backlog as of December 31, 2015. In the first quarter of 2016, the Company signed contracts for 36 theatres, of which 35 were for new locations and one was an upgrade. In the quarter, the Company also installed 19 theatres, of which 10 were for new theatre locations and nine were upgrades. For a breakdown of theatre system signings, installations, network and backlog by type, please see the end of this press release.

“We continue to see substantial signings momentum in key geographical areas includingChina, Japan and India,” continued Gelfond. “This sustained international expansion, coupled with a North American outlook about which we are very optimistic, reflects the strong opportunity within our business moving forward.”

First-Quarter Segment Results

– Revenue from sales and sales-type leases was $18.0 million in the first quarter of 2016, compared to $8.6 million in the first quarter of 2015, primarily reflecting nine digital system upgrades in existing locations, compared to two upgrades (one sale and one operating lease) in the first quarter of 2015. In addition, the company installed five full new theatre systems under sales and sales-type lease arrangements in the most recent first quarter, compared to the five sales-type theatres the Company installed in the first quarter of 2015.

– Revenue from joint revenue-sharing arrangements was $23.4 million in the quarter, compared to $15.9 million in the prior-year period. Gross margins on joint revenue-sharing arrangements grew from 66.9% in Q1 2015, to 76.9% in the first quarter of 2016. During the quarter, the Company installed five new theatres under joint revenue-sharing arrangements, compared to six in 2015. The Company had 534 theatres operating under joint revenue-sharing arrangements as of March 31, 2016, as compared to 457 joint-venture theatres one year prior.

– Production and IMAX DMR® (Digital Re-Mastering) revenues were $29.8 million in the first quarter of 2016, compared to $17.7 million in the first quarter of 2015. DMR gross margins grew from 74.8% in Q1 2015, to 76.6% in the first quarter of 2016. Gross box office from DMR titles was $272.0 million in the first quarter of 2016, compared with$165.6 million in the prior-year period. The average global DMR box office per screen in the first quarter of 2016 was $284,400 compared with $202,900 in same period last year.

– Gross margin of 56.6% compared to 57.8% last year, which was impacted by the installation of nine digital upgrades under sales and sales-type lease arrangements. Excluding the impact of these upgrades, gross margin grew 480 basis points from 58.6% to 63.4%.

– Operating expenses, excluding stock based compensation, were lower than the prior year period and contributed to the significant operating expense leverage realized in the first quarter. Adjusted EBITDA margins of 37.4% grew over 1,000 basis points versus a prior year level of 26.9%.

Share Buybacks

As previously disclosed, the Company repurchased 1,627,645 shares in the first quarter of 2016, which includes 181,227 shares purchased in connection with the Company’s long-term incentive plan. The Company purchased the shares at an average price of $30.98 for a total value of $50.5 million.

On April 20, 2016, the Company’s board of directors approved an incremental $50.0 million increase to the repurchase allowance under the Company’s previously-announced share repurchase program, for an aggregate repurchase allowance of $200.0 million. All other terms of the repurchase program remain unchanged. In addition, on February 22, 2016, the Company amended the terms of its credit facility to increase the general restricted payment basket thereunder (which covers, among other things, the repurchase of shares) from $150.0 million to $350.0 million in the aggregate after the amendment date.

Conference Call

The Company will host a conference call today at 8:30 AM ET to discuss its first-quarter 2016 financial results. To access the call via telephone, interested parties in the US andCanada should dial (800) 505-9568 approximately 5 to 10 minutes before the call begins. International callers should dial (416) 204-9271. The conference ID for the call is 1374767. A replay of the call will be available via webcast on the ‘Investor Relations’ section ofwww.imax.com or via telephone by dialing (888) 203-1112 (US and Canada), or (647) 436-0148 (international). The Conference ID for the telephone replay is 1374767.

Canadian Securities Update

The Company has received an exemption decision issued by the Ontario Securities Commission dated April 1, 2016, for relief from the formal issuer bid requirements under Canadian securities laws. The exemption decision permits the Company to repurchase up to 10% of its outstanding common shares in any 12-month period through the facilities of the New York Stock Exchange under repurchase programs that the Company may implement from time to time. Canadian securities laws regulate an issuer’s ability to make repurchases of its own securities.

The Company sought the exemption so that it can make repurchases under its repurchase programs in excess of the maximum allowable in reliance on the existing “other published markets” exemption from the formal issuer bid requirements available under Canadian securities laws. The “other published markets” exemption caps the Company’s ability to repurchase its securities through the facilities of the NYSE at 5% of the issuer’s outstanding securities during any 12-month period.

The conditions of the exemption decision are as follows: (i) any repurchases made in reliance on the exemption decision must be permitted under, and part of repurchase programs established and conducted in accordance with, U.S. securities laws and NYSE rules, (ii) the aggregate number of common shares acquired in reliance on the exemption decision by the Company and any person or company acting jointly or in concert with the Company within any 12 months does not exceed 10% of the outstanding common shares at the beginning of the 12-month period, (iii) the common shares are not listed and posted for trading on an exchange in Canada, (iv) the exemption decision applies only to the acquisition of common shares by the Company within 36 months of the date of the decision, and (v) prior to purchasing common shares in reliance on the exemption decision, the Company discloses the terms of the exemption decision and the conditions applicable thereto in a press release that is issued on SEDAR and includes such language as part of the news release required to be issued in accordance with the “other published markets exemption” in respect of any repurchase program that may be implemented by the Company.

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 Mar. 31, 2016, there were 1,066 IMAX theatres (952 commercial multiplexes, 17 commercial destinations and 97 institutions) in 68 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

www.imax.com

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. Important factors that could affect these statements include, but are not limited to, references to future capital expenditures (including the amount and nature thereof), business and technology strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of business, operations and technology, plans and references to the future success of IMAX Corporation together with its consolidated subsidiaries (the “Company”) and expectations regarding the Company’s future operating, financial and technological results. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with the expectations and predictions of the Company is subject to a number of risks and uncertainties, including, but not limited to, the signing of theater system agreements; conditions, changes and developments in the commercial exhibition industry; the performance of IMAX DMR films; the potential impact of increased competition in the markets within which the Company operates; competitive actions by other companies; the failure to respond to change and advancements in digital technology; risks associated with investments and operations in foreign jurisdictions and any future international expansion, including those related to economic, political and regulatory policies of local governments and laws and policies of the United States and Canada; risks related to the Company’s growth and operations in China; the Company’s largest customer accounting for a significant portion of the Company’s revenue and backlog; risks related to new business initiatives; conditions in the in-home and out-of-home entertainment industries; the opportunities (or lack thereof) that may be presented to and pursued by the Company; risks related to cyber-security; risks related to the Company’s inability to protect its intellectual property; risks related to the Company’s implementation of a new enterprise resource planning system; general economic, market or business conditions; the failure to convert theater system backlog into revenue; changes in laws or regulations; and other factors, many of which are beyond the control of the Company. These factors, other risks and uncertainties and financial details are discussed in IMAX’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

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IMAX SIGNS REVENUE SHARE AGREEMENT WITH UCI KINOWELT IN GERMANY FOR IMAX® WITH LASER SYSTEM

April 22, 2016 – 1:56 pm | Permalink

Leading German Exhibitor to Bring IMAX to Iconic Urban Development in Berlin; Deal Builds on IMAX Box Office Momentum in Germany

NEW YORK – April 19, 2016 – IMAX Corporation (NYSE: IMAX) and UCI KINOWELT, one of the largest exhibition chains in Germany, announced an agreement for an IMAX® theatre featuring IMAX’s next-generation laser technology – IMAX® with Laser. The theatre will be added to a new UCI KINOWELT multiplex to be located in the Mercedes Benz Platz development – a groundbreaking new urban area in the heart of Berlin that includes commercial, office, hotel and leisure activities built around the Mercedes Benz Arena. UCI KINOWELT is the German subsidiary of Europe’s largest exhibitor and IMAX partner ODEON & UCI Cinemas Group. With today’s agreement, ODEON & UCI Cinemas Group has a total IMAX footprint of 18 theatres including 14 in the UK, two in Spain, one in Italy and one in Germany.

“We are delighted to forge a relationship with UCI KINOWELT and expand our partnership with ODEON & UCI Cinemas Group. By adding an IMAX theatre in a high profile Berlin site with one of the nation’s leading exhibitors, we are executing on our growth strategy in this priority market,” said Andrew Cripps, President, IMAX International. “We continue to gain traction in Germany – one of the world’s top box office territories. In the past 12 months, our theatres have had some of the highest IMAX per-screen averages in Europe and since installing IMAX® with laser at two of our commercial sites in Germany, admissions have increased by approximately 30 percent year over year.”

“We have witnessed the impressive results that IMAX has generated in Germany and throughout Europe and are confident that IMAX will deliver an amazing experience that will delight our guests and support our growth,” said Paul Donovan, CEO, ODEON & UCI Cinemas Group. “Our exciting new Mercedes Benz Platz site will serve as the flagship multiplex of our circuit in Germany and be one of the most impressive cinemas in Europe, offering guests a premium, state-of-the-art entertainment experience. IMAX with Laser is a perfect fit for this complex, where only the best, most advanced cinema technology will do.”

IMAX with laser represents a quantum leap forward in cinema technology — providing audiences with the sharpest, brightest, clearest and most vivid digital images ever, combined with a whole new level of immersive audio. Designed from the ground up for IMAX’s largest screens, the dual 4K laser projection system is equipped with a new optical engine and suite of proprietary IMAX technologies capable of projecting an image with up to a 1.43:1 aspect ratio with maximum resolution and sharpness, unparalleled 2D and 3D brightness, industry-leading contrast and an expanded color gamut that will allow filmmakers to present more vivid and exotic colors than ever before.

The new system also includes IMAX’s next-generation sound technology that delivers even greater power and precision for ultimate audio immersion. It has been upgraded to 12 discrete channels plus sub-bass, and includes additional side channels as well as new overhead channels that will improve the system’s ability to position sounds around the audience and further ensure every seat is the best in the house.

About ODEON & UCI Cinemas Group
ODEON & UCI Cinemas Group is the largest cinema operator in Europe. The Group is the leading cinema operator in the UK & Ireland, Spain and Italy, and has strong positions in Germany, Austria and Portugal. It operates 2,238 screens at 243 sites across Europe.

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 Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

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DISNEY’S THE JUNGLE BOOK ROARS INTO IMAX® THEATRES WORLDWIDE WITH $20 MILLION OPENING WEEKEND RESULTS

April 22, 2016 – 1:52 pm | Permalink

LOS ANGELES, April 18, 2016 /PRNewswire/ — IMAX Corporation (NYSE: IMAX) today announced that The Jungle Book, a film from The Walt Disney Studios, a division of The Walt Disney Company (NYSE: DIS), opened with $20 million on 901 IMAX® 3D screens globally – marking the best-ever IMAX opening of a PG-rated title.

To date the film’s IMAX cume has reached $21.1 million, which incorporates select international openings the previous weekend.

Domestically, The Jungle Book earned $10.3 million on 376 IMAX screens. IMAX represented seven of the film’s top 10 North America engagements.

International IMAX weekend results for the film reached a new April record of $9.7 million on 525 IMAX screens, including China, where IMAX contributed an estimated $5 million on 279 screens. Other markets that saw notable results include: Kuwait, Netherlands, Sweden and the United Arabs Emirates.

“IMAX fans around the world have spoken and The Jungle Book is a bona fide, crowd-pleasing hit across all age groups,” said Greg Foster, Senior Executive Vice President, IMAX Corp. and CEO of IMAX Entertainment. “Our hats are off to Jon Favreau and the entire team at Disney for creating a remarkable IMAX 3D experience that works on every level. With an “A” Cinemascore, excellent word-of-mouth and stunning visual imagery that truly lends itself to The IMAX Experience, we look forward to the film’s continued global success over the coming weeks.”

The IMAX® 3D release of The Jungle Book was shown in its digitally re-mastered format, which includes the image and sound quality of The IMAX 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.

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 inLondon, Tokyo, Shanghai and Beijing. As of Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX nXos® 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).

About The Jungle Book:

Directed by Jon Favreau (Iron Man), based on Rudyard Kipling’s timeless stories and inspired by Disney’s classic animated film, The Jungle Book is an all-new live-action epic adventure about Mowgli (newcomer Neel Sethi), a man-cub who’s been raised by a family of wolves. But Mowgli finds he is no longer welcome in the jungle when fearsome tiger Shere Khan (voice of Idris Elba), who bears the scars of Man, promises to eliminate what he sees as a threat. Urged to abandon the only home he’s ever known, Mowgli embarks on a captivating journey of self-discovery, guided by panther-turned-stern mentor Bagheera (voice of Ben Kingsley), and the free-spirited bear Baloo (voice of Bill Murray). Along the way, Mowgli encounters jungle creatures who don’t exactly have his best interests at heart, including Kaa (voice of Scarlett Johansson), a python whose seductive voice and gaze hypnotizes the man-cub, and the smooth-talking King Louie(voice of Christopher Walken), who tries to coerce Mowgli into giving up the secret to the elusive and deadly red flower: fire. The all-star cast also includesLupita Nyong’o as the voice of the fiercely protective mother wolf Raksha, and Giancarlo Esposito as the voice of wolf pack’s alpha male Akela.

The Jungle Book seamlessly blends live-action with photorealistic CGI animals and environments, using up-to-the-minute technology and storytelling techniques to immerse audiences in an enchanting and lush world.

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.

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IMAX TO PILOT IMMERSIVE INDOOR CYCLING STUDIO CONCEPT

April 22, 2016 – 1:46 pm | Permalink

IMAX Steps into Fitness World with Pilot of IMAXShift;
Powered by IMAX Technology, State-of-the-Art Offering Reinvents Indoor Cycling Experience

NEW YORK, April 18, 2016 /PRNewswire/ — IMAX Corporation (NYSE: IMAX) today announced the test launch of IMAXShift, an immersive group cycling concept built around the primary components of The IMAX Experience®. IMAXShift combines key elements of IMAX technology with industry-leading instructors to immerse participants – from beginners to serious athletes – in a state-of-the-art indoor, audio-visual group cycling experience. The test studio, which is located in the DUMBO neighborhood of Brooklyn, NY, will open April 28.

IMAXShift will reinvent the indoor cycling experience by offering an immersive, thrilling and effective workout, led by some of the industry’s most acclaimed instructors and powered by IMAX’s cinema-grade projection and sound technology. The purpose-built studio, which will accommodate up to 50 riders at a time, features IMAX’s patented theatre geometry and combines heart-pounding, crystal-clear audio and sharp, hyper-real imagery on the legendary giant IMAX screen to completely immerse riders in a full sensory workout experience.

IMAXShift will be working closely with its instructor team – including industry-leading cycling instructors Jesse Alexander and Bree Branker – and other partners to ensure that every class is a unique content “journey” that augments the fitness regimen and maximizes the workout experience. Participants will feel like they are cycling through the solar system, soaring over the coasts of Hawaiior pedaling to the beat with music-reactive visuals – all designed to pair seamlessly with each instructor’s choreography.

“As an instructor, I am always looking for new and innovative ways to motivate my riders and help them get the most out of their fitness journey,” said Jesse Alexander. “What excites me the most about IMAXShift is the originality of the experience; by capturing the energy and buzz of an IMAX® theatre in an indoor cycling setting, the workout is truly immersive and no two will ever be the same.”

IMAX has committed to the initial studio in Brooklyn, which is well-known as being a community of artists and early adopters and also fits the key demographic, to enable it to assess the concept’s commercial viability. If successful, the Company plans to employ a licensing approach similar to the one with which it has so successfully structured its global theatre network.

“Over our nearly 50-year history IMAX has established itself as a leading lifestyle brand and pioneer in blending cutting-edge technology, science and art to create unparalleled entertainment experiences,” said Robert D. Lister, Chief Business Development Officer, IMAX Corp. “As we examined potential areas in which to extend The IMAX Experience, one of the opportunities we identified was the fitness space – where there is a clear growing consumer demand for more engaging group experiences. By incorporating key elements of IMAX’s technology and patented theatre design and working with some of today’s top fitness instructors to develop fully tailored on-screen workouts, we believe the pilot launch of IMAXShift has the potential to set the stage for a new movement in physical activity and offer participants a workout unlike anything they’ve experienced before.”

For more information and class schedules, please visit www.imaxshift.com.

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 inLondon, Tokyo, Shanghai and Beijing. As of Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

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.

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IMAX SIGNS AGREEMENT WITH IN89 DIGITAL CINEMAX FOR TWO IMAX® THEATRES IN TAIWAN

April 22, 2016 – 1:40 pm | Permalink

Building on IMAX Success in Taiwan, Company Welcomes New Exhibition Partner

NEW YORK – Apr. 14, 2016 – IMAX Corporation (NYSE: IMAX), IMAX China Holding Inc. (HKSE: 1970) and IN89 Digital Cinemax Co. Ltd. (IN89), a leading exhibitor in Taiwan, announced an agreement for two IMAX® theatres. Both theatres will be added to new construction projects located in the Ji’an Township of the Hualien county and in the city of Jiayi. The agreement brings to 15 the total number of IMAX theatres in Taiwan.

“We believe IMAX’s world-renowned cinema technology coupled with its film slate of the biggest Chinese and Hollywood blockbusters will support our expansion efforts and help increase our market share,” said Mr. Ben Cai, CEO of IN89 Digital Cinemax Co. Ltd. “With IMAX, we are delivering the best entertainment experience possible to our guests and we look forward to launching an exciting new chapter of immersive movie-going for audiences in Hualien and Jiaiyi.”

“We are delighted to welcome IN89 as our newest Asia Pacific partner and together look forward to seizing the growth opportunities that exist in Taiwan, where our per screen average (PSA) of over $1.6 million significantly surpasses our global PSA of $1.1 million,” said Richard L. Gelfond, CEO IMAX. “Exhibitors worldwide recognize that IMAX delivers an event-based experience for tentpole films like nothing else can. Given this and the enthusiasm among exhibitors around our 2016 and 2017 film slates, our theater deal activity continues to be robust.”

About IN89
IN89 Digital Cinemax was established in 1964, with a location at Ximending, which has been the most well-known area of Taipei for over 50 years. In the past 50 years, IN89 was refurbished several times, and the Company also expanded its business territory to Kinmen, Yilan, and Kaohsiung. In addition, there are two more projects in Hualien and Chiayi that will be completed in the coming years. Upon their completion, each will represent the first IMAX theatre in eastern Taiwan and Chiayi city.

About IMAX China
IMAX China is a subsidiary of IMAX Corporation, and is incorporated under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX’s business throughout Greater China. IMAX China trades on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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 Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

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IMAX CORPORATION TO ANNOUNCE FIRST-QUARTER 2016 FINANCIAL RESULTS AND HOST CONFERENCE CALL

April 22, 2016 – 1:36 pm | Permalink

NEW YORK – April 13, 2016 – IMAX Corporation (NYSE:IMAX) today announced it will hold a quarterly conference call to discuss its first-quarter 2016 financial results on Thursday, April 21 at 8:30 a.m. Eastern Time.

This call is being webcast by Thomson Financial and can be accessed at www.imax.com by clicking on ‘Investor Relations.’ Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

To access the call via telephone, interested parties in the US and Canada should dial (800) 505-9568 approximately 5 to 10 minutes before the call begins. International callers should dial (416) 204-9271. The conference ID for the call is 1374767. A replay of the call will be available via webcast on the ‘Investor Relations’ section of www.imax.com or via telephone by dialing (888) 203-1112 (US and Canada), or (647) 436-0148 (international). The Conference ID for the telephone replay is 1374767.

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 Dec. 31, 2015, there were 1,061 IMAX theatres (943 commercial multiplexes, 19 commercial destinations and 99 institutions) in 67 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code “HK.1970.”

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

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