Speed Racer to be simultaneously released as IMAX(R) film in May 2008

Speed Racer to be simultaneously released as IMAX(R) film in May 2008

Next Action/Adventure From the Makers of The Matrix Trilogy To Be Digitally Enhanced For IMAX's Larger-Than-Life Format

LOS ANGELES, March 4 /PRNewswire-FirstCall/ -- IMAX Corporation and Warner Bros. Pictures announced today that Speed Racer, the action-packed adventure from the creators of 'The Matrix' trilogy, will be simultaneously released to IMAX(R) and conventional theatres on May 9, 2008. Speed Racer, based on the hit anime series created by Tatsuo Yoshida, is written and directed by The Wachowski Brothers. The film will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) with IMAX DMR(R) (Digital Re-mastering) technology. Warner Bros. Pictures will be the exclusive distributor of the film to IMAX theatres worldwide.

"Speed Racer combines riveting action with stunning special effects, making it an ideal choice for IMAX's format," said Dan Fellman, President of Domestic Distribution at Warner Bros. Pictures. "We are delighted to release the film to IMAX theatres, where audiences can experience the next best thing to actually sitting in the driver's seat during this high speed adventure."

"Speed Racer is a fantastic addition to our 2008 film slate, and we are very pleased to welcome The Wachowski Brothers back to the world of IMAX," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "The unique vision of these talented filmmakers has always been well suited to IMAX's format, and we're more than excited to be a part of this release."

"Speed Racer has all the elements for a powerful IMAX experience, with its broad appeal and spectacular effects," said Veronika Kwan-Rubinek, President of International Distribution, Warner Bros. Pictures. "We are excited to be exhibiting the film internationally in this unique format."

"Audiences will experience an incredible thrill ride when they see Speed Racer in IMAX theatres this May," added Greg Foster, Chairman and President of IMAX Filmed Entertainment. "Warner Bros Pictures, The Wachowski Brothers and Joel Silver are masters at telling stories specifically for the big IMAX screen, and with up to 14,000 watts of digital surround sound combined with crystal-clear, larger than life images, this movie and IMAX are made for each other."

Hurtling down the track, careening around, over and through the competition, Speed Racer is a natural behind the wheel. Born to race cars, Speed is aggressive, instinctive and, most of all, fearless. His only real competition is the memory of the brother he idolized-the legendary Rex Racer - whose death in a race has left behind a legacy that Speed is driven to fulfill. Speed is loyal to the family racing business, led by his father, Pops Racer, the designer of Speed's thundering Mach 5. When Speed turns down a lucrative and tempting offer from Royalton Industries, he not only infuriates the company's maniacal owner but uncovers a terrible secret-some of the biggest races are being fixed by a handful of ruthless moguls who manipulate the top drivers to boost profits. If Speed won't drive for Royalton, Royalton will see to it that the Mach 5 never crosses another finish line. The only way for Speed to save his family's business and the sport he loves is to beat Royalton at his own game. With the support of his family and his loyal girlfriend, Trixie, Speed teams with his one-time rival-the mysterious Racer X - to win the race that had taken his brother's life: the death-defying, cross-country rally known as The Crucible.

About IMAX Corporation

IMAX Corporation is one of the world's leading digital entertainment and technology companies. 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 and new digital systems display crystal-clear images on the world's biggest screens. The digital system being developed by IMAX is configured for an IMAX MPX-style auditorium, which is designed specifically to enable multiplex operators to more cost effectively enter into the IMAX theatre business. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of September 30, 2007, there were 296 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 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 ongoing discussions with the SEC and OSC relating to their ongoing inquiries and the Company's financial reporting and accounting, 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, risks arising from potential material weaknesses in internal control over financial reporting 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 IMAX's Annual Report on Form 10-K/A for the year ended December 31, 2006, as well as IMAX's Quarterly Reports on Form 10-Q/A and Form 10Q.

Source: IMAX Corporation

CONTACT: Media: IMAX Corporation, New York, Sarah Gormley, (212)
821-0155, sgormley@imax.com; Warner Bros. Pictures, Los Angeles, Jessica
Zacholl, (818) 954-3599, jessica.zacholl@warnerbros.com; Business Media:
Sloane & Company, New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com;
Investors: Integrated Corporate Relations, Amanda Mullin, (203) 682-8243,
amanda.,mullin@icrinc.com; Entertainment Media: Newman & Company, Los Angeles,
Al Newman, (310) 278-1560, asn@newman-co.com

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Profile: International Entertainment