Madagascar: Escape 2 Africa To Be Released Into IMAX(R) Theatres On November 7, 2008

LOS ANGELES, May 12 /PRNewswire-FirstCall/ - IMAX Corporation(NASDAQ:IMAX; TSX:IMX) and DreamWorks Animation SKG, Inc. (NYSE:DWA) todayannounced an agreement to release Madagascar: Escape 2 Africa into IMAX(R)theatres worldwide on November 7, 2008. The agreement completes IMAX'sintegration into DreamWorks Animation's release strategy for the studio's nextfive theatrical releases from June 2008 to May 2010.

Under the terms of the agreement, Madagascar: Escape 2 Africa will bedigitally re-mastered into the unparalleled image and sound quality of TheIMAX Experience(R) and play for a special release in IMAX theatres, includingselect new IMAX(R) Digital theatres, which will begin rolling out this summer.

'IMAX's early scheduled deployment of its state-of-the-art digitalprojection system has made possible the release of Madagascar: Escape 2 Africainto The IMAX Experience,' said Jeffrey Katzenberg, CEO of DreamWorksAnimation. 'DreamWorks Animation remains committed to delivering a premiumentertainment experience to our audience and further extending ourrelationship with IMAX helps us to achieve that goal.'

'We are delighted that DreamWorks Animation will capitalize on theadvantages of IMAX Digital, and we are pleased to add Madagascar: Escape 2Africa to our 2008 lineup,' said IMAX Co-Chairmen and Co-CEOs Richard L.Gelfond and Bradley J. Wechsler. 'The virtual elimination of film printsenables studios to release titles in a shorter window. This allows IMAXtheatres to program more content, which we believe will translate intoincreased revenue for exhibitors and ultimately lead to accelerated growth ofthe IMAX network worldwide.'

'Madagascar was a huge hit with moviegoers, and we are very confident thatthis highly anticipated sequel will look and sound amazing in IMAX,' addedGreg Foster, Chairman and President of IMAX Filmed Entertainment. 'IMAXDigital has virtually eliminated a significant barrier to entry into the IMAXbusiness for studios, and it is already driving additional content into ournetwork. We're thrilled to enter into this new age of exhibition with avisionary studio like DreamWorks Animation.'

Madagascar: Escape 2 Africa joins four other DreamWorks Animation moviespreviously announced and slated for release in the IMAX format, including KungFu Panda, which will be released on June 6, 2008, as well as the studio'sfirst three 3D titles, Monsters vs.