IMAX Corporation Announces Authorization Of Up To $150 Million Share Repurchase Program

     IMAX Corporation Announces Authorization Of Up To $150 Million Share
                              Repurchase Program

PR Newswire

NEW YORK, June 16, 2014

NEW YORK, June 16, 2014 /PRNewswire/ --IMAX Corporation (NYSE: IMAX; TSX:
IMX)today announced that its Board of Directors has authorized the repurchase
of up to $150 million of its common shares. The decision reflects the
Company's strong financial position, its positive outlook on its future cash
position, and its focus on returning value to shareholders. The share
repurchase program has a 3 year expiration date.

IMAX Logo.

The repurchases may be made either in the open market or through private
transactions, subject to market conditions, applicable legal requirements and
other relevant factors. The Company has no obligation to repurchase shares,
and the share repurchase program may be suspended or discontinued by the
Company at any time. While executing the share repurchase program, the Company
is committed to retaining the financial strength and flexibility it needs to
invest in its core business and ensuring its ability to pursue other
opportunities that might arise.

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 March 31, 2014, there were 840
IMAX theatres (707 commercial multiplexes, 18 commercial destinations and 115
institutions) in 57 countries.

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®,
The IMAX Experience®, IMAX Is Believing® and IMAX nXos® are trademarks of IMAX
Corporation. More information about the Company can be found at
You may also connect with IMAX on Facebook (, Twitter
( 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.
Important factors that could affect these statements include, but are not
limited to, general economic, market or business conditions; our ability to
consummate repurchases under the share repurchase program due to changes in
our share price corporate or other market conditions; the opportunities (or
lack thereof) that may be presented to and pursued by the Company; the
performance of IMAX DMR films; competitive actions by other companies;
conditions in the in-home and out-of-home entertainment industries; the
signing of theater system agreements; changes in laws or regulations;
conditions, changes and developments in the commercial exhibition industry;
the failure to convert theater system backlog into revenue; risks associated
with investments and operations in foreign jurisdictions and any future
international expansion, including those related to economic, political and
regulatory policies of local governments and laws and policies of the United
States and Canada; risks related to the Company's growth and operations in
China; the failure to respond to change and advancements in digital
technology; risks related to the acquisition of AMC Entertainment Holdings,
Inc. by Dalian Wanda Group Co., Ltd.; risks related to new business
initiatives; the potential impact of increased competition in the markets
within which the Company operates; risks related to the Company's inability to
protect the Company's intellectual property; risks related to Eastman Kodak
bankruptcy and the possibility of constrained film supply; risks related to
the Company's implementation of a new enterprise resource planning system;
risks related to the Company's prior restatements and the related litigation;
and other factors, many of which are beyond the control of the Company. These
factors, other risks and uncertainties and financial details are discussed in
IMAX's most recent Annual Report on Form 10-K and Quarterly Reports on Form

For additional information please contact:

                           IMAX Corporation, New York
IMAX Corporation, New York
                           Ann Sommerlath
Teri Loxam

                           Entertainment Media:
Business Media:
                           Principal Communications Group, Los Angeles
Sloane & Company, New York
                           Melissa Zuckerman/Paul Pflug
Whit Clay

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SOURCE IMAX Corporation

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