DreamWorks Animation's Megamind Posts Opening Weekend IMAX Results

/ Source: GlobeNewswire

LOS ANGELES, Nov. 8, 2010 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced that DreamWorks Animation SKG, Inc.'s (Nasdaq:DWA) Megamind, the CG animated film featuring the voice talent of Will Ferrell, Tina Fey, Jonah Hill and Brad Pitt, opened number one at the box office this weekend, generating an overall domestic gross of $46.0 million, with the IMAX release contributing approximately $3 million from 195 IMAX screens.

Internationally, Megamind opened on nine IMAX screens, from which it generated over $260,000. Megamind: An IMAX 3D Experience is still scheduled to open over the coming months on an additional 21 IMAX screens internationally in their respective territories. The film is slated to play in IMAX® theatres worldwide for a limited two-week run.

Megamind: An IMAX 3D Experience was originally rendered in 3D animation, and 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® 3D. 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 Megamind:

Megamind is the most brilliant super-villain the world has ever known ... and the least successful. Over the years, he has tried to conquer Metro City in every imaginable way -- Each attempt, a colossal failure thanks to the caped superhero known as "Metro Man," until the day Megamind actually defeats him in the throes of one of his botched evil plans. Suddenly, the fate of Metro City is threatened when a new villain arrives and chaos runs rampant, leaving everyone to wonder: Can the world's biggest "mind" actually be the one to save the day?  

Tom McGrath directed Megamind from a screenplay by Alan J. Schoolcraft and Brent Simons. The film was produced by Lara Breay and Denise Nolan Casino with Holly Edwards serving as associate producer and Stuart Cornfeld and Ben Stiller serving as executive producers.

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 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 September 30, 2010, there were 470 IMAX theatres (348 commercial, 122 institutional) operating in 45 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 ).

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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.

CONTACT: IMAX Corporation - Santa Monica Entertainment Media: Christine Tasto 310-255-5547 ctasto@imax.com IMAX Corporation - New York Investors: Heather Anthony 212-821-0121 hanthony@imax.com IMAX Corporation - Toronto Business Media: Jackson Myers 905-403-6414 jmyers@imax.com Sloane & Company - New York Whit Clay 212-446-1864 wclay@sloanepr.com