Paramount Pictures' The Spiderwick Chronicles to be released as IMAX(R) Film February 15, 2008



    LOS ANGELES, CA, Nov. 1 /CNW/ - IMAX Corporation and Paramount Pictures
announced today that The Spiderwick Chronicles, a fantasy adventure based on
the best-selling series of books, will be simultaneously released to both
IMAX(R) and conventional theatres on February 15th, 2008. Directed by Mark
Waters (Mean Girls, Freaky Friday), produced by Mark Canton (300) from a
screenplay by Karey Kirkpatrick and David Berenbaum and John Sayles, The
Spiderwick Chronicles will be digitally re-mastered into the unparalleled
image and sound quality of The IMAX Experience(R) through IMAX's DMR(R)
(Digital Re-Mastering) technology. Today's announcement marks the fourth film
agreement between IMAX and Paramount Pictures in the past five months.
Beowulf, the next Paramount film to be released in IMAX, opens November 16th,
2007.
    "The grand scale and immersive nature of The IMAX Experience gives
Spiderwick a brand new level of excitement," said Mark Canton. "In IMAX
theatres, fans will be drawn into the movie even further and feel as if they
are actually part of the story."
    "The Spiderwick Chronicles is an ideal fit for the IMAX brand and our
audience, and it is a terrific way to launch our slate for 2008," said IMAX
Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "Paramount
Pictures' continued enthusiasm towards IMAX theatres as a distribution
platform is adding to the strength of our release schedule, which contributes
to the growing popularity of The IMAX Experience, and ultimately the growth of
the IMAX theatre network."
    "We've had phenomenal success with Hollywood movies that are based on
best-selling books, and we are excited to work with Paramount Pictures and the
filmmakers to reach the millions of Spiderwick fans with a completely unique
way to experience the first film-adapted adventure of this beloved series of
books," added Greg Foster, Chairman and President of IMAX Filmed
Entertainment. "In IMAX theatres, audiences will feel as if they are actually
inside the Spiderwick mansion as the magical adventures unfold around them."
    From the beloved best-selling series of books comes The Spiderwick
Chronicles, a fantasy adventure for the child in all of us. Peculiar things
start to happen the moment the Grace family (Jared, his twin brother Simon,
sister Mallory and their mom) leave New York and move into the secluded old
house owned by their great, great uncle Arthur Spiderwick. Unable to explain
the strange disappearances and accidents that seem to be happening on a daily
basis, the family blames Jared. When he, Simon and Mallory investigate what's
really going on, they uncover the fantastic truth of the Spiderwick estate and
of the creatures that inhabit it.
    Paramount Pictures and Nickelodeon Movies present a Kennedy/Marshall and
a Mark Canton Production of a Mark Waters film The Spiderwick Chronicles
starring Freddie Highmore, Mary-Louise Parker, Nick Nolte with Joan Plowright
and David Strathairn and the voices of Seth Rogen and Martin Short. The film
is directed by Mark Waters from a screenplay by Karey Kirkpatrick and David
Berenbaum and John Sayles, based on the books by Tony DiTerlizzi and Holly
Black. The film is produced by Mark Canton, Larry Franco, Ellen Goldsmith-Vein
and Karey Kirkpatrick. The executive producers are Julia Pistor, Tony
DiTerlizzi and Holly Black. The director of photography is Caleb Deschanel,
ASC. The production designer is James Bissell. The editor is Michael Kahn,
A.C.E. The costumes are designed by Joanna Johnston. The music is by James
Horner. The special visual effects are by Industrial Light & Magic. Visual
effects by Tippett Studio.

    About IMAX Corporation

    IMAX Corporation is one of the world's leading digital entertainment and
technology companies. 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 3D, and IMAX DMR
technology. IMAX DMR is the Company's groundbreaking digital remastering
technology that allows it to digitally transform virtually any conventional
motion picture into the unparalleled image and sound quality of The IMAX
Experience. IMAX's renowned projectors and new digital systems display
crystal-clear images on the world's biggest screens. The IMAX brand is
recognized throughout the world for extraordinary and immersive entertainment
experiences for consumers. As of June 30, 2007, there were 290 IMAX theatres
operating in 40 countries.

    IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX MPX(R), and The IMAX Experience(R)
are trademarks of IMAX Corporation. More information on the Company can be
found at www.imax.com.

    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 ongoing
discussions with the SEC and OSC relating to their ongoing inquiries and the
Company's financial reporting and accounting, the timing of theatre system
deliveries, the mix of theatre systems shipped, the timing of the recognition
of revenues and expenses on film production and distribution agreements, the
performance of films, the viability of new businesses and products, risks
arising from potential material weaknesses in internal control over financial
reporting and fluctuations in foreign currency and in the large format and
general commercial exhibition market. These factors and other risks and
uncertainties are discussed in the Company's Annual Report on Form 10-K for
the year ended December 31, 2006, as well as the Company's Quarterly Report on
Form 10-Q.





For further information:

For further information: Media: IMAX Corporation, New York, Sarah
Gormley, (212) 821-0155, sgormley@imax.com; Business Media: Sloane & Company,
New York, Whit Clay, (212) 446-1864, wclay@sloanepr.com; Investors: Integrated
Corporate Relations, Amanda Mullin, (203) 682-8243, amanda.mullin@icrinc.com;
Entertainment Media: Newman & Company, Los Angeles, Al Newman, (310) 278-1560,
asn@newman-co.com

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