IMAX Signs Theatre Deal In Dubai

    Home of Dubai World Cup Includes IMAX as Part of Multi-Billion Dollar

    DUBAI, UAE, June 18 /CNW/ - IMAX Corporation today announced it has
signed an agreement with Meydan LLC, a sports and entertainment property
developer in Dubai, UAE, to install an IMAX(R) theatre as part of a
multi-billion development at the world-famous Nad Al Sheba, Dubai's premiere
thoroughbred horse racing track. Nad Al Sheba is home to the Dubai World Cup,
one of the world's most prestigious horse racing events. Expected to be
installed by the end of 2009, the new theatre brings the total number of IMAX
locations in the Middle East to 12 by 2010.
    "IMAX is one of the most prestigious and globally recognized cinema
brands, and we are confident that our new IMAX theatre will help to reinforce
Meydan as a premiere entertainment destination in Dubai," said Saeed A-Tayer,
Chairman of Meydan. "We are very excited to offer our patrons a powerful
cinematic experience they can't get anywhere else."
    "Dubai continues to be recognized around the world for its high end,
luxury developments, and we're pleased that the IMAX brand will be included in
the Meydan project," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and
Bradley J. Wechsler. "We remain committed to growing the IMAX network
internationally, and we believe that with the right partners, Dubai serves as
an excellent platform from which we can increase our visibility in the Middle

    About Meydan LLC

    Meydan LLC (Limited Liability Company) oversees the development of the
UAE's incredible new iconic horseracing development. It will feature a
world-class grandstand, and the enterprise will also serve as a major business
and conference district.
    Features of Meydan - an Arabic word, which is translated as a place where
people congregate and compete - include five-star hotels, operated by Banyan
Tree, world-class golf course, more than 10 restaurants, covered car parking
for 10,000, the Meydan Museum and gallery, and the Dubai Racing Club offices.
Meydan Racecourse is in close proximity to Meydan City - a self-contained
community consisting of commercial and residential plots, retail outlets and
arcades with canal, waterfront and promenade views. It is also located near
Meydan Business Park, which offers over 2.9 million square feet of office
space in 17 blocks. The office pods are set in single pedestrian podium with
architecture, design and colour creating an environment-friendly workspace
that inspires. The MBP also boasts an impressive workspace lobby which is an
expansive 12-hectare landscaped podium, while the plaza cleverly conceals a
3,400-carpark facility for resident workforce.

    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 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(R). 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 March 31, 2008, there were 298 IMAX theatres
operating in 40 countries.
    IMAX(R), IMAX(R) 3D, IMAX DMR(R), IMAX(R) 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 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, 2007, as well as the Company's Quarterly Reports on Form 10-Q.

For further information:

For further information: Media: IMAX Corporation, New York, Sarah
Gormley, (212) 821-0155,; Entertainment Media: Newman &
Company, Los Angeles, Al Newman, (310) 278-1560,; Investors:
IMAX Corporation, New York, Heather Anthony, (212) 821-0121,; Business Media: Sloane & Company, New York, Whit Clay,
(212) 446-1864,

Organization Profile

IMAX Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890