IMAX Signs International Joint Venture Deal with One of Japans Largest Exhibitors

IMAX Corporation (NASDAQ:IMAX TSX:IMX) and Tokyu Recreation, the owner of 109 Cinemas (10 is “To” and 9 is “kyu”), one of Japans largest exhibition chains, today announced a joint venture agreement to install up to four IMAX® theatres in Japan. The agreement marks IMAXs second international joint venture deal, as the Company aligns itself with top exhibitors worldwide with its new IMAX® Digital theatre system. To date, IMAX has signed contracts for more than 180 IMAX Digital theatre systems, with approximately 50 expected to be installed by the end of 2008.