IMAX Signs First Joint Venture Deal With One of Australia’s Largest Exhibitors

MISSISSAUGA, ON, July 10, 2008 /PRNewswire-FirstCall via COMTEX/ —-IMAX Corporation (NASDAQ:IMAX TSX:IMX) and Hoyts Cinemas Ltd., one of the largest exhibitors in Australia, today announced a joint venture agreement to install four IMAX(R: 65.81, -2.64, -3.85%) theatres in the cities of Perth, Melbourne and Sydney. The deal marks the Company’s first international joint venture deal featuring the Company’s new IMAX(R: 65.81, -2.64, -3.85%) Digital theatre system and doubles IMAX’s footprint in Australia. To date, IMAX has signed contracts for more than 180 IMAX(R: 65.81, -2.64, -3.85%) Digital theatre systems, with approximately 50 scheduled to be installed by the end of 2008.