updated 5/2/2011 6:17:26 PM ET 2011-05-02T22:17:26

LOS ANGELES, May 2, 2011 (GLOBE NEWSWIRE) -- IMAX Corporation (NYSE:IMAX) (TSX:IMX) and Universal Pictures announced today that Fast Five, which opened to No. 1 at the box office this weekend and marked the biggest opening weekend in Universal's history, posted strong opening results in IMAX® theatres. On 244 domestic IMAX screens, the IMAX release contributed approximately $8 million of the film's overall $86.2 million opening gross from Friday, April 29, through Sunday, May 1. The IMAX box-office per-screen average amounted to approximately $33,000.

"This is a strong kick-off to our summer blockbuster season, and given the film's incredible buzz, we're looking forward to continued success," said IMAX Chief Executive Officer Richard L. Gelfond.

"These terrific results reflect the great work done by Universal Pictures and the Fast Five filmmakers," added Greg Foster, Chairman and President, IMAX Filmed Entertainment. "The broad appeal of this film, combined with our growing network of IMAX locations, has enabled us to expand our demographic reach and introduce even more movie fans to The IMAX Experience."

Fast Five has been digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re-mastering) technology for presentation in IMAX. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique immersive environment that will make audiences feel as if they are in the movie.

About Fast Five

In Fast Five, former cop Brian O'Conner (Paul Walker) partners with ex-con Dom Toretto (Vin Diesel) on the opposite side of the law. Dwayne Johnson and Elsa Pataky join returning favorites Jordana Brewster, Chris "Ludacris" Bridges, Tyrese Gibson, Sung Kang, Gal Gadot, Matt Schulze, Tego Calderon and Don Omar for this ultimate high-stakes race.

Since Brian and Mia Toretto (Brewster) broke Dom out of custody, they've blown across many borders to elude authorities. Now backed into a corner in Rio de Janeiro, they must pull one last job in order to gain their freedom. As they assemble their elite team of top racers, the unlikely allies know their only shot of getting out for good means confronting the corrupt businessman who wants them dead. But he's not the only one on their tail.

Hard-nosed federal agent Luke Hobbs (Johnson) never misses his target. When he is assigned to track down Dom and Brian, he and his strike team launch an all-out assault to capture them. But as his men tear through Brazil, Hobbs learns he can't separate the good guys from the bad. Now, he must rely on his instincts to corner his prey…before someone else runs them down first.

This film has been rated PG-13 (Parents Strongly Cautioned - Some Material May Be Inappropriate for Children Under 13) for intense sequences of violence and action, sexual content and language.

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 theaters 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 March 31, 2011, there were 528 IMAX theatres (408 commercial, 120 institutional) operating in 46 countries.

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 ).

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

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, competitive actions by other companies, the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes in law or regulations, conditions, 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 and any future international expansion, 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.

CONTACT: Investors:
         IMAX Corporation, New York
         Heather Anthony/Blaire Lomasky
         212-821-0100
         hanthony@imax.com
         blomasky@imax.com
         
         Media:
         IMAX Corporation, New York
         Ann Sommerlath
         212-821-0100
         asommerlath@imax.com
         
         Business Media:
         Sloane & Company, New York
         Whit Clay
         212-446-1864
         wclay@sloanepr.com
         
         Entertainment Media:
         Principal Communications Group, Los Angeles
         Melissa Zuckerman/Paul Pflug
         323-658-1555
         melissa@pcommgroup.com
         paul@pcommgroup.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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