updated 10/14/2010 9:15:41 PM ET 2010-10-15T01:15:41

LOS ANGELES, Oct. 14, 2010 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) announced today that Paramount Pictures' Paranormal Activity 2, the follow-up to the hit supernatural thriller released in 2009, will be released to 161 digital IMAX® theatres in domestic and international territories on October 22nd, simultaneously with the film's release. The film's limited IMAX release will be digitally re-mastered into the image and sound quality of The IMAX Experience ® with IMAX DMR® technology.

"Paramount has delivered another great movie that we believe will really resonate with IMAX fans," said IMAX CEO Richard L. Gelfond. "The growth of our digital theatre network has allowed us greater flexibility in programming, and we're very pleased to bring this highly anticipated sequel to the ever-increasing IMAX audience."

"We are thrilled to partner with Paramount Pictures for Paranormal Activity 2, a film that will be a terrifying treat for IMAX audiences," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "We look forward to sharing the next installment of this highly anticipated movie for a limited two-week run that includes the Halloween weekend."

A listing of IMAX theatres playing Paranormal Activity 2 and ticket purchase is available via www.IMAX.com.

About Paranormal Activity 2

From Paramount Pictures, Paranormal Activity 2 is produced by Jason Blum and Oren Peli, with story by Michael R. Perry and screenplay by Michael R. Perry and Christopher Landon, and directed by Tod Williams.

Visit the official site at http://www.Paranormalmovie.com and follow Paranormal Activity 2 on Twitter at http://www.Twitter.com/TweetYourScream for audience reactions and important announcements.

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 theatres delivering the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR® 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 June 30, 2010, there were 447 IMAX theatres (325 commercial, 122 institutional) operating in 47 countries.

The IMAX Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6469

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

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