IMAX® And Warner Bros. Sign 20-Picture Deal, Extend Long-Running Partnership
LOS ANGELES, Nov. 15, 2012 /CNW/ - IMAX Corporation (NYSE: IMAX; TSX: IMX) and
Warner Bros. Pictures, a division of Time Warner Inc. (NYSE: TWX), today
announced that they have agreed to release up to 20 Warner Bros. films in the
immersive IMAX Experience® over the next three years, in an extension of the
core partnership that began in 2003. The arrangement will continue to align
the worldwide box office power of Warner Bros.' tent-pole film business with
the fast-growing global popularity of The IMAX Experience, providing the
studio with an additional, differentiated platform that consistently delivers
the best experience in cinema and strong returns for studios and exhibitors.
The arrangement also underscores the excitement around Warner Bros.' upcoming
slate, which includes many of the most anticipated movie-event titles emerging
from Hollywood over the next few years. Warner Bros. titles to be released for
2013 include: Jack the Giant Slayer (March 1, 2013); Man of Steel (June 14,
2013); Pacific Rim (July 12, 2013); 300: Rise of an Empire (August 2, 2013);
Gravity; Seventh Son (October 18, 2013); The Hobbit: The Desolation of Smaug
(December 13, 2013).
"Together with IMAX and our exhibitor partners, we have built a unique,
incremental distribution platform over the last 10 years," said Dan Fellman,
President, Domestic Distribution, Warner Bros. Pictures. "We are excited to
continue this tradition and offer these films to audiences in the most premium
of moviegoing experiences."
"The IMAX footprint continues to expand with tremendous success around the
world," said Veronika Kwan Vandenberg, President, International Distribution,
Warner Bros. Pictures. "We are very pleased to be presenting our 2013 and
future slate in this premium theatrical environment."
"Our longstanding partnership with Warner Bros. has resulted in extraordinary
experiences for IMAX audiences, and we're excited to add these core additional
titles to our upcoming film slate," said Richard L. Gelfond, CEO of IMAX. "The
growing network of IMAX theatres around the globe continues to enable all of
our studio partners to deliver their films in a uniquely immersive way, and
provide moviegoers with a premium way to experience the biggest movies."
"IMAX continues to have a deep appreciation for the Warner Bros. team and its
talented filmmaker collective as well as its comprehensive approach to our
industry," said Greg Foster, Chairman and President of IMAX Filmed
Entertainment. "We're confident that our continued partnership with Warner
Bros. on all levels – pre-production, production, post production, marketing
and distribution - will greatly benefit our two companies, our exhibition
partners and moviegoers worldwide."
About IMAX Corporation IMAX, an innovator in entertainment technology,
combines proprietary software, architecture and equipment to create
experiences that take you beyond the edge of your seat to a world you've never
imagined. Top filmmakers and studios are utilizing IMAX theatres to connect
with audiences in extraordinary ways, and, as such, IMAX's network is among
the most important and successful theatrical distribution platforms for major
event films around the globe.
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in
London, Tokyo, Shanghai and Beijing. As of Sept. 30, 2012, there were 689
IMAX theatres (556 commercial multiplex, 20 commercial destination and 113
institutional) in 52 countries.
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D
Experience®, The IMAX Experience® and IMAX Is Believing® are trademarks of
IMAX Corporation. More information about the Company can be found at
www.imax.com. You may also connect with IMAX on Facebook
(www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube
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. These
risks and uncertainties are discussed in IMAX's most recent Annual Report on
Form 10-K and most recent Quarterly Reports on Form 10-Q.
For additional information please contact: Investors:
Business Media: IMAX Corporation –
IMAX Corporation – New York Teri Loxam
Ann Sommerlath 212-821-0110
Sloane & Company – New York IMAX Corporation – Los
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SOURCE: IMAX Corporation
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-0- Nov/15/2012 12:39 GMT
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