Acclaimed Director Zack Snyder Returns to IMAX's Format With Latest Action-Thriller
LOS ANGELES, May 11, 2010 (GlobeNewswire via COMTEX) --IMAX Corporation (Nasdaq:IMAX) (TSX:IMX), Warner Bros. Pictures, a unit of Time Warner Inc. (NYSE:TWX), and Legendary Pictures announced today that Director Zack Snyder's next big action thriller Sucker Punch 3D will be released to IMAX(R) theatres simultaneously with the film's domestic release on March 25, 2011. The film is part of the previously announced agreement between Warner Bros. and IMAX to release up to 20 Warner Bros. films in IMAX's format over the course of the next three and a half years (from 2010 through 2013). Sucker Punch 3D will be digitally re-mastered into the unparalleled image and sound quality of The IMAX Experience(R) with IMAX DMR(R) technology.
"As we have seen in the past, Zack Snyder's films are ideally suited to IMAX's powerful format, and we're very excited to add Sucker Punch 3D to our growing lineup of IMAX releases," said Dan Fellman, President, Domestic Distribution, Warner Bros. Pictures.
"The growing international IMAX theater network will enable us to offer the premium IMAX release of Sucker Punch 3D to a wider audience, introducing even more moviegoers to the winning combination of Zack Snyder's vision and IMAX's powerful format," added Veronika Kwan-Rubinek, President, International Distribution, Warner Bros. Pictures.
"Zack Snyder's unique vision and successful track-record makes him an important member of the IMAX family and we're looking forward to his next film, which we believe is a great addition to our line up of exciting Warner Bros. films," said Richard L. Gelfond, CEO of IMAX. "Our digital theatre system has accelerated the growth of our theatre network and provides us with significant flexibility in the release and programming schedule in our theatres, which enables us to offer this film to even more fans of Zack Snyder and IMAX."
"Zack Snyder embraces the IMAX format in a truly unique way, and by way of his past IMAX releases, he has created his own unique brand of The IMAX Experience that audiences love," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "This is a very welcome addition to our Warner Bros. slate of "all-star" titles and we're looking forward to opening day next March."
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(R) 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 March 31, 2010, there were 438 IMAX theatres (316 commercial, 122 institutional) operating in 47 countries.
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IMAX(R), IMAX(R) 3D, IMAX DMR(R), Experience It In IMAX(R), An IMAX 3D Experience(R) and The IMAX Experience(R) 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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SOURCE: IMAX Corporation
CONTACT: IMAX Corporation, New York
Rogers & Cowan, Los Angeles
Sloane & Company, New York