LOS ANGELES, CA, June 5 /CNW/ - IMAX Corporation (NASDAQ: IMAX; TSX:IMX)
and Sony Pictures Entertainment today announced that Columbia Pictures'
Spider-Man 3: The IMAX Experience has grossed more than $20 million worldwide
since premiering on May 3, 2007. The picture continued its heroic box office
performance by reaching the $20 million milestone faster than any other 2D
digitally re-mastered IMAX release, between its opening on May 3 and June 3,
2007. Spider-Man 3 is currently playing on 84 domestic IMAX(R) screens and 34
international IMAX screens, the largest opening in IMAX's 40-year history. The
film's overall worldwide box office total is now more than $844 million,
making Spider-Man 3 the highest grossing film in the Spider-Man franchise and
the highest grossing movie in Sony Pictures' history.
"We're very impressed by the box office success of Spider-Man 3 in IMAX
venues," said Rory Bruer, President, Domestic Distribution, Sony Pictures
Releasing. "The IMAX release clearly has been well-received by Spider-Man
fans, and we anticipate they will continue to fill theatres around the world
to experience Spider-Man 3 in a unique and compelling way."
"Sony Pictures Entertainment, Columbia Pictures and the Spider-Man
filmmakers delivered an incredible film to the IMAX(R) theatre network, and we
are so pleased to have partnered with them again," added Greg Foster, Chairman
and President, IMAX Filmed Entertainment. "The film's record-breaking success
is a testament to a formula that is well-suited to IMAX's format, and the
audience response further demonstrates demand for that 'wow' factor."
Spider-Man 3 is directed by Sam Raimi, who also directed the first two
blockbuster installments of the Marvel Comics superhero, Spider-Man and
Spider-Man 2. The picture reunites the cast led by Tobey Maguire, Kirsten
Dunst and James Franco. To date, the Spider-Man series has surpassed $2.4
billion in worldwide box office receipts.
In Spider-Man 3, based on the legendary Marvel Comics series, Peter
Parker has finally managed to strike a balance between his devotion to M.J.
and his duties as a superhero. But there is a storm brewing on the horizon. As
Spider-Man basks in the public's adulation for his accomplishments and he is
pursued by Gwen Stacy (Bryce Dallas Howard), who rivals M.J. for his
affections, Peter becomes overconfident and starts to neglect the people who
care about him most. His newfound self-assuredness is jeopardized when he
faces the battle of his life against two of the most feared villains ever
(Thomas Haden Church, Topher Grace), whose unparalleled power and thirst for
retribution threaten Peter and everyone he loves.
Columbia Pictures Presents A Marvel Studios/Laura Ziskin Production
Spider-Man(R) 3 starring Tobey Maguire, Kirsten Dunst, James Franco, Thomas
Haden Church, Topher Grace, Bryce Dallas Howard, Rosemary Harris, J.K. Simmons
and James Cromwell. The film is directed by Sam Raimi (Spider-Man, Spider-Man
2). The screenplay is by two-time Oscar(R) winner Alvin Sargent (Ordinary
People, Spider-Man 2) and the screen story by Sam Raimi & Ivan Raimi and based
on the Marvel Comic Book by Stan Lee and Steve Ditko. The producers are Laura
Ziskin (Spider-Man, Spider-Man 2), Avi Arad (Spider-Man, X-Men) and Grant
Curtis (Spider-Man, Spider-Man 2). The executive producers are Joseph M.
Caracciolo (Spider-Man 2 and Charlie's Angels(R)) Kevin Feige (Spider-Man 2, X
Men 2) and Stan Lee.
About IMAX Corporation
IMAX Corporation is one of the world's leading entertainment technology
companies, specializing in digital and film-based motion picture technologies.
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(R). IMAX's
renowned projectors display crystal-clear images on the world's biggest
screens, and the IMAX brand is recognized throughout the world for
extraordinary and immersive entertainment experiences for consumers. As of
September 30, 2006, there were 280 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 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 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, the outcome of the Company's current accounting review, risks
arising from potential material weaknesses in internal control over financial
reporting, the ability to satisfy the reporting covenant by the amended filing
deadlines, the extent and impact of the restatement of our financial
statements, the outcome of the appeal of the NASDAQ Staff Determination letter
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, 2005.
For further information:
For further information: Media: IMAX Corporation, New York, Sarah
Gormley, (212) 821-0155, email@example.com; Investors: Integrated Corporate
Relations, Amanda Mullin, (203) 682-8243; Entertainment Media: Newman &
Company, Los Angeles, Al Newman, (310) 278-1560, firstname.lastname@example.org; Business
Media: Sloane & Company, New York, Whit Clay, (212) 446-1864,