IMAX comments on change to 2008 film slate

    LOS ANGELES, CA, Aug. 14 /EMWNews/ - Reflecting today's

announcement that the release date of Harry Potter and the Half-Blood

Prince has moved to July 2009, IMAX Corporation (NASDAQ: IMAX; TSX: IMX),

confirmed it is already exploring alternative titles for this year's

holiday season and is confident it will secure a solid film for the IMAX(R)

theatre network.



    The Company looks forward to announcing a replacement film as soon as

possible.

    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 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). 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 June 30, 2008, there were 302 IMAX theatres operating in

40 countries.



    IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX(R) MPX(R), and The IMAX

Experience(R) are trademarks of IMAX Corporation. More information on the

Company can be found at http://www.imax.com.



    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

ongoing discussions with the SEC and OSC relating to their ongoing

inquiries and the Company's accounting, the performance of films, the

signing of theatre system agreements, the viability of new technologies,

businesses and products, 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, risks arising from

potential material weaknesses in internal control over financial reporting

and fluctuations in foreign currency and in the large format, general

commercial exhibition and out-of-home entertainment markets. 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.