I Am Legend Opens Strong With Most IMAX(R) Shows Selling Out

    Domestic IMAX Release Grosses $3.2 Million on 77 IMAX Screens

    Film Marks Largest December Opening in Motion Picture, IMAX History

    LOS ANGELES, Dec. 18 /CNW/ - IMAX Corporation and Warner Bros. Pictures
today announced that I Am Legend opened strongly, with most shows sold out at
IMAX(R) theatres during its debut weekend, contributing $3.2 million of the
record-breaking $77.4 million that the film grossed at the domestic box
office, from December 14 through Sunday, December 16. The picture opened on 77
domestic IMAX screens, posting a per screen average of $41,936. I Am Legend
also opened on 6 international IMAX screens, bringing the worldwide IMAX
estimated total to $3.4 million.
    Included in the film's debut weekend, were the highly successful openings
of two new IMAX theatres at Regal Cinemas multiplexes. In Knoxville, TN, the
Regal Cinemas Pinnacle Stadium 18 sold out the entire weekend, reporting more
than $77,000 in gross box office receipts from the single IMAX screen. In Las
Vegas, NV, the Regal Red Rock Stadium 16 reported $44,000 from its new IMAX
    "With I Am Legend, this weekend marks the biggest December opening in not
only motion picture history but IMAX history as well. We couldn't be more
thrilled," said Dan Fellman, President of Domestic Distribution at Warner
Bros. Pictures. "We're delighted to be able to offer fans of Will Smith and
this classic sci-fi thriller two exciting ways to experience the film
throughout the holiday season."
    "I Am Legend marks our biggest December opening, and Warner Bros.
Pictures has again delivered a powerful blockbuster that resonates with IMAX
audiences," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley
J. Wechsler. "This has been a banner film year for IMAX, one in which we've
contributed to the box office results of a large number of movies that have
opened in the prized number one spot, and we're pleased that the recently
confirmed expansion of the IMAX theatre network will help us meet the high
demand from moviegoers."
    "We're so excited by our strong film performance in 2007. Combining a
highly successful, time-tested science-fiction story with the talents of Will
Smith, Warner Bros. Pictures and the power of The IMAX Experience(R) is why
these results are so fantastic. We are delighted to be a part of such a
successful movie that we believe will carry on in full force through the
holidays," added Greg Foster, Chairman and President of IMAX Filmed
Entertainment. "These weekend results illustrate the strength of IMAX's
partnership with Warner Bros. Pictures, and the potential draw of films that
are ideally suited to IMAX."
    Robert Neville (Will Smith) is a brilliant scientist, but even he could
not contain the terrible virus that was unstoppable, incurable and man-made.
Somehow immune, Neville is now the last human survivor is what is left of New
York City and maybe the world. For three years, Neville has faithfully sent
out daily radio messages, desperate to find any other survivors who might be
out there. But he is not alone. Mutant victims of the plague - The Infected -
lurk in the shadows... watching Neville's every move...waiting for him to make
a fatal mistake. Perhaps mankind's last, best hope, Neville is driven by only
one remaining mission: to find a way to reverse the effects of the virus using
his own immune blood. But he knows he is outnumbered... and quickly running
out of time.

    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(R) 3D, and IMAX DMR(R)
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 digital system being
developed by IMAX is configured for an IMAX MPX-style auditorium, which is
designed specifically to enable multiplex operators to more cost effectively
enter into the IMAX theatre business. The IMAX brand is recognized throughout
the world for extraordinary and immersive entertainment experiences for
consumers. As of September 30, 2007, there were 296 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
IMAX 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 IMAX's Annual Report on Form 10-K/A for the
year ended December 31, 2006, as well as IMAX's Quarterly Reports on Form
10-Q/A and Form 10-Q.

For further information:

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

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