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Paramount Pictures and IMAX Pact for Four Films in 2011

IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced an agreement with Paramount Pictures to release four of the studio's tentpole releases in 2011 -- Super 8, Transformers: Dark of the Moon, Mission: Impossible - Ghost Protocol and The Adventures of Tintin: The Secret of the Unicorn.

Press Release from IMAX Corp.

LOS ANGELES, Jan. 10, 2011 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced an agreement with Paramount Pictures to release four of the studio's tentpole releases in 2011 -- Super 8, Transformers: Dark of the Moon, Mission: Impossible - Ghost Protocol and The Adventures of Tintin: The Secret of the Unicorn. Each film will open day-and-date in IMAX theatres worldwide. Sony Pictures Entertainment is co-production partner on The Adventures of Tintin: The Secret of the Unicorn and Sony Pictures Releasing International (SPRI) will handle distribution and marketing in most key territories overseas.

Transformers: Dark of the Moon and The Adventures of Tintin: The Secret of the Unicorn, both originally shot in 3D, will be digitally re-mastered into IMAX's format for presentation in IMAX 3D.

Mission: Impossible -- Ghost Protocol continues the legacy of The Dark Knight and its revolutionary integration of IMAX original footage as this fourth chapter in the Mission: Impossible franchise will feature scenes shot with IMAX cameras. These specific sequences, exclusively in IMAX, will expand on the screen and further immerse the audience in the explosive action and vast scope of the film.

"Consumer demand for The IMAX Experience(R) has never been higher," said Rob Moore, Vice Chairman of Paramount Pictures. "Coupled with the rising popularity of the IMAX brand, the growing number of IMAX screens and the increased interest from our top filmmakers to have their movies offered in this format, IMAX is and continues to be a key part of our release strategy."

"Paramount Pictures consistently delivers top-quality, highly entertaining films that audiences love to see in IMAX, and with these new titles, we believe our 2011 lineup is on its way to becoming the most robust slate we've ever had," said IMAX CEO Richard L. Gelfond. "Our growing worldwide network will enable even more movie fans to experience their favorite films in the best possible way."

"When you combine the incredible storytelling talents of J.J. Abrams, Michael Bay, Brad Bird, and Steven Spielberg with technologies that transport the audience into the story, you create an awe-inspiring experience that takes movie-goers to places they only dream of -- and that is what the core and spirit of our partnership with Paramount Pictures is all about," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "We are very excited to share these amazing event films with IMAX exhibitors and movie-goers and look forward to working with these brilliant filmmakers as they showcase their talents in our format."

Super 8 will be released on June 10, 2011; Transformers: Dark of the Moon will be released on July 1, 2011; Mission: Impossible -- Ghost Protocol will be released on December 16, 2011; and The Adventures of Tintin: The Secret of the Unicorn will be released on December 28, 2011 (U.S. release date).

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE:VIA) (NYSE:VIA-B), a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group, and Worldwide Television Distribution.

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 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 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. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2010, there were 470 IMAX theatres (348 commercial, 122 institutional) operating in 45 countries.

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