April 30, 2010 (FinancialWire) — IMAX Corp. (NASDAQ: IMAX) (TSX: IMX) and Warner Bros. Pictures, a unit of Time Warner Inc. (NYSE: TWX), said that they have completed an agreement to release up to 20 Warner Bros. films in IMAX's format over the course of the next three and a half years.

The agreement strategically aligns Warner Bros.' tent-pole business with the increasing worldwide popularity of The IMAX Experience in both 2D and IMAX 3D, providing the studio with an added distribution platform that consistently delivers strong box office returns.

Under the agreement, Warner Bros. movies that will be released in IMAX are: Legends of the Guardian: The Owls of Ga'Hoole 3D (September 24, 2010); Harry Potter and the Deathly Hallows: Part 1 (November 19, 2010); Harry Potter and the Deathly Hallows: Part II (July 15, 2011); Happy Feet 2 (November 18, 2011); and The Hobbit (December 2013). Warner Bros. and IMAX also plan to release an additional 15 films over the course of 2011, 2012 and 2013, including Gravity, Dark Shadows, Fury Road, Batman 3, and Superman.

Since June 2003, Warner Bros. Pictures has released 25 titles in IMAX's format, 10 of which featured IMAX 3D, including several live action pictures that were partially converted into 3D with IMAX's proprietary 2D-to-3D conversion technology. Warner Bros. films have generated approximately $565 million in box office revenues at IMAX theatres around the world. Each Hollywood title was digitally re-mastered into the image and sound quality of The IMAX Experience using IMAX's proprietary IMAX DMR(R) (Digital Re-Mastering) technology. Also included in the tally are the studio's four original IMAX 3D co-productions, "NASCAR 3D", "Deep Sea 3D", "Under the Sea 3D" and "Hubble 3D," in select IMAX theatres now.

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