IMAX announces opening box office results for The Spiderwick Chronicles: The Imax Experience

    19 of the top 20 locations included IMAX(R) theatres

    LOS ANGELES, CA, Feb. 19 /CNW/ - IMAX Corporation announced today that
The Spiderwick Chronicles, a fantasy adventure based on the best-selling
series of books, opened well in IMAX(R) theatres over the five-day opening
weekend, grossing approximately $1.9 million of the film's $26.8 million
total, or 7% of the overall box office. Nineteen of the top twenty locations
in North America included an IMAX theatre. The IMAX release also had a
preliminary international opening on three screens, and will continue to open
throughout the international IMAX theatre network in the coming days and
    Directed by Mark Waters (Mean Girls, Freaky Friday), the Kennedy/Marshall
(The Sixth Sense, Jurassic Park) and Mark Canton (300) production of The
Spiderwick Chronicles has been digitally re-mastered into the unparalleled
image and sound quality of The IMAX Experience(R) through IMAX's DMR(R)
(Digital Re-Mastering) technology.
    "We're very pleased to participate in this wonderful film with Paramount
Pictures," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J.
Wechsler. "Our relationship with this studio continues to get stronger as we
continue to deliver incremental box office results for their films. We look
forward to reaching even more Spiderwick fans and family audiences in the
coming weeks as this film opens in additional IMAX theatres internationally."
    "This is the highest grossing February weekend in IMAX history, marking a
solid start to our 2008 film slate," added Greg Foster, Chairman and President
of IMAX Filmed Entertainment. "Given Spiderwick's positive word of mouth, and
the increasingly strong reaction to The IMAX Experience, we're hopeful that
this great family film will show long legs in the weeks ahead."
    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 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

    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/A for
the year ended December 31, 2006, as well as the Company'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,; Business Media: Sloane & Company,
New York, Whit Clay, (212) 446-1864,; Entertainment Media:
Newman & Company, Los Angeles, Al Newman, (310) 278-1560,

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