Spider-Man Series Returns to IMAX(R) Theatres following Success
of Previous 2 Installments
Spider-Man 4 Marks First Title Announced for IMAX 2011 Film Slate
LOS ANGELES, Sept. 15 2009 (GLOBE NEWSWIRE) -- IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Columbia Pictures today announced that the highly-anticipated action-adventure Spider-Man 4, will be released to IMAX(R) theatres simultaneously with the film's worldwide release on May 5, 2011. The fourth installment of the successful Spider-Man(R) franchise, based on the Marvel Comicbook character, will be digitally re-mastered into the image and sound quality of The IMAX Experience(R). The film will be distributed by Columbia Pictures domestically and by Sony Pictures Releasing International overseas.
To date, the Spider-Man motion pictures have generated more than $2.5 billion in worldwide box office receipts.
"The last two Spider-Man releases have been available in IMAX theaters, and we're very much looking forward to our return to a wider IMAX theatre network with this exciting new chapter in the continuing adventures of Spider-Man," said Rory Bruer, President, Worldwide Distribution for Sony Pictures Releasing. "The addition of so many new IMAX locations will give even more fans of Spider-Man an opportunity to experience the action and adventure in a unique way."
"Spider-Man continues to be one of the world's most popular motion picture franchises, and we are very excited to include the latest chapter as part of our 2011 slate," said IMAX CEO Richard L. Gelfond. "Our network has grown significantly and we continue to roll-out new theatres virtually every week, giving more moviegoers the opportunity to experience the movie in IMAX."
"We're so excited to once again work with our friends at Columbia Pictures, Sony and Marvel to bring this beloved superhero back to IMAX theatres," said Greg Foster, Chairman and President of IMAX Filmed Entertainment. "The Spider-Man franchise has been so important to the growth of our network and fan base over the years and we're certainly looking forward to re-teaming with the entire cast and production team to bring this next chapter to moviegoers worldwide."
Spider-Man 4 will reunite director Sam Raimi with stars Tobey Maguire and Kirsten Dunst. The screenplay is currently being adapted by Gary Ross. Producers are Laura Ziskin, Avi Arad, Todd Black and Grant Curtis. Executive producers are Stan Lee, Todd Hallowell and Josh Donen.
The IMAX release will be digitally re-mastered into the image and sound quality of The IMAX Experience with proprietary IMAX DMR(R) (Digital Re-mastering) technology. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique environment that will make audiences feel as if they are in the movie.
About IMAX Corporation
IMAX Corporation is one of the world's leading entertainment technology companies, specializing in immersive 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 3D, and IMAX DMR 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. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of June 30, 2009, there were 394 IMAX theatres (273 commercial, 121 institutional) operating in 44 countries.
IMAX(R), IMAX(R) 3D, IMAX(R) DMR, The IMAX 3D Experience(R) and The IMAX Experience(R) 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/imaxnews) and YouTube (www.youtube.com/imaxmovies).
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 performance of films, the signing of theatre system agreements, the viability of new technologies, businesses and products, 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, risks arising from potential material weaknesses in internal control over financial reporting and fluctuations in foreign currency and in the large format, general commercial exhibition and out-of-home entertainment markets. These factors and other risks and uncertainties are discussed in the Company's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.