LAS VEGAS, April 15, 2013 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX; TSX:IMX) and Paramount Pictures, a division of Viacom (NASDAQ: VIA and VIAB), tonight announced an agreement to release five of Paramount Pictures' upcoming films in the immersive IMAX format under an extension of the companies' long-running partnership. The arrangement features some of Paramount's most highly anticipated tentpole films, including Michael Bay's Transformers 4 (June 2014) as well as its co-production of Christopher Nolan's Interstellar (November 2014) and three titles that have yet to be announced.
Continuing the legacy begun by IMAX trailblazer Christopher Nolan and his use of the 15 perf 65mm IMAX® cameras in The Dark Knight, Nolan and Michael Bay will once again capture material and key sequences of these 2014 releases using IMAX® cameras.These specific sequences, which will expand to fill more of the screen exclusively in IMAX, will deliver unprecedented crispness and clarity and a truly immersive experience for moviegoers.
"IMAX is among the greatest ways to experience a movie," said Rob Moore, Vice Chairman of Paramount Pictures. "That fact, together with our combined successes over the years, the growth of the IMAX brand around the world, and our continued partnership with Rich, Greg and everyone at IMAX make this agreement a natural extension of an already hugely successful relationship. Working with today's top filmmakers, we look forward to bringing audiences the most exciting new movies with the very best presentation for years to come."
"We're excited to build on our longtime partnership with Paramount Pictures, which has been fantastic at incorporating IMAX differentiation and providing moviegoers with the best way to experience the biggest movies," said Richard L. Gelfond, CEO of IMAX. "This agreement furthers our strategy of anchoring our slate with blockbuster films by today's leading directors."
"IMAX continues to have a deep appreciation for the consistently innovative Paramount Pictures team as well as these incredible filmmakers, who are among the most talented directors working in the industry," said Greg Foster, Chairman and President of IMAX Entertainment. "We're thrilled and honored to once again team up with our longtime partners Christopher Nolan and Michael Bay. We can't wait to showcase their vision to IMAX fans around the world."
About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NASDAQ: VIA, VIAB), a leading content company with prominent and respected film, television and digital entertainment brands. Paramount controls a collection of some of the most powerful brands in filmed entertainment, including Paramount Pictures, Paramount Animation, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Famous Productions, Paramount Home Media Distribution, Paramount Pictures International, Paramount Licensing Inc., and Paramount Studio Group.
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 Dec. 31, 2012, there were 731 IMAX theatres (598 commercial multiplexes, 19 commercial destinations and 114 institutions) in 53 countries.
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.