updated 3/1/2011 7:46:06 AM ET 2011-03-01T12:46:06

GLENDALE, Calif., March 1, 2011 (GLOBE NEWSWIRE) -- DreamWorks Animation SKG, Inc. (Nasdaq:DWA) and IMAX Corporation (NYSE:IMAX) (TSX:IMX) announced today that the studio's two upcoming releases, Kung Fu Panda 2 and Puss in Boots, will open in digital IMAX® theatres in IMAX® 3D. Kung Fu Panda 2 will be released to IMAX theatres in select international territories in conjunction with each of the territory's release dates; Puss in Boots will have a two-week IMAX release day-and-date with the domestic release. Both films are produced by DreamWorks Animation and will be distributed by Paramount Pictures.

"The IMAX Experience® remains among the premiere viewing experiences in the world and we are thrilled that our audiences overseas will have the opportunity to watch Kung Fu Panda 2 and that movie-goers here in the U.S. will get to see Puss in Boots in IMAX 3D later this year," said DreamWorks Animation's Chief Executive Officer, Jeffrey Katzenberg. 

"The addition of these two DreamWorks Animation films reinforce the strong offering of titles we have slated for the rest of the year," said IMAX Chief Executive Officer Richard L. Gelfond. "Kung Fu Panda 2 and Puss in Boots are the next incarnation of blockbuster franchises and we are happy to make them available to our moviegoers around the world."

"Clearly these beloved DreamWorks Animation characters have resonated around the world with audiences young and old alike and we are excited to be able to once again showcase them and their new adventures to IMAX fans through our long-standing alliance with DreamWorks Animation," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. 

In Kung Fu Panda 2, Po is now living his dream as The Dragon Warrior, protecting the Valley of Peace alongside his friends and fellow kung fu masters, The Furious Five. But Po's new life of awesomeness is threatened by the emergence of a formidable villain, who plans to use a secret, unstoppable weapon to conquer China and destroy kung fu. Po must look to his past and uncover the secrets of his mysterious origins; only then will he be able to unlock the strength he needs to succeed.

Way before Puss ever met Shrek, our suave and furry feline hero goes on a swashbuckling ride in Puss in Boots, as he teams with mastermind Humpty Dumpty and the street-savvy Kitty to steal the famed Goose that lays the Golden Eggs. 

About DreamWorks Animation

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series, live entertainment properties and online virtual worlds, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. DreamWorks Animation has been named one of the "100 Best Companies to Work For" by FORTUNE® Magazine for three consecutive years. In 2011, DreamWorks Animation ranks #10 on the list. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 21 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.

About IMAX Corporation

IMAX Corporation is one of the world's leading entertainment and technology companies, specializing in the creation and delivery of premium, awe-inspiring entertainment experiences. With a growing suite of cutting-edge motion picture and sound technologies, and a globally recognized entertainment brand, IMAX is singularly situated at the convergence of the entertainment industry, innovation and the digital media world. The industry's top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and as such, the IMAX network is among the most important and successful theatrical distribution platforms for major event films around the globe. The Company's new digital projection and sound systems - combined with a growing blockbuster film slate - are fueling the rapid expansion of the IMAX network in established markets such as North America, Western Europe, and Japan, as well as emerging markets such as China and Russia. IMAX theatres deliver the world's best cinematic presentations using proprietary IMAX, IMAX 3D, and IMAX DMR® (Digital Re-Mastering) technologies. IMAX DMR enables virtually any motion picture to be transformed into the unparalleled image and sound quality of The IMAX Experience.

IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo and Shanghai.  As of December 31, 2010, there were 518 IMAX theatres (396 commercial, 122 institutional) operating in 46 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, new business initiatives, investments and operations in foreign jurisdictions, foreign currency fluctuations and the Company's prior restatements and the related litigation and investigation by the SEC and the ongoing inquiry by 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.

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

CONTACT:  Entertainment Media:
          IMAX Corporation - Santa Monica
          Rebecca Klein
          310-255-5656
          rklein@imax.com

          Principal Communications Group 
          Melissa Zukerman/Paul Pflug
          323-658-1555
          melissa@pcommgroup.com
          paul@pcommgroup.com

          DreamWorks Animation
          Jeff Hare
          Publicity
          818-695-6055
          jeff.hare@dreamworks.com

          Investors:
          IMAX Corporation - New York
          Heather Anthony
          212-821-0121
          hanthony@imax.com

          Business Media:
          IMAX Corporation - New York
          Ann Sommerlath
          212-821-0155
          asommerlath@imax.com

          Sloane & Company - New York
          Whit Clay
          212-446-1864
          wclay@sloanepr.com

          DreamWorks Animation
          Shannon Olivas
          Corporate Communications
          818-695-3658
          shannon.olivas@dreamworks.com

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