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Cannes—May 24, 2017

IMAX Continues Rapid Expansion with Les Cinémas Gaumont Pathé in Europe; Signs an Additional Six-Theatre Agreement for the Group’s Top-Performing Locations in France and Holland

Les Cinémas Gaumont Pathé, Number One Exhibitor in France, the Netherlands and Switzerland, expands IMAX Commitment with Five IMAX Theatres in France and One in Holland

IMAX Corporation (NYSE: IMAX) today announced it signed a hybrid joint revenue share agreement with Les Cinémas Gaumont Pathé, the biggest cinema chain operator in France, the Netherlands and Switzerland, for six new IMAX® theatres in France and Holland. Five IMAX theatres featuring IMAX’s next-generation laser technology will be added to the exhibitor’s circuit in France, and one IMAX theatre will be added to its network in Holland. The deal was finalized during a meeting between the parties at the Cannes Film Festival.

The agreement, which follows a 5-theatre deal the companies announced at the end of 2016, brings to 28 Les Cinémas Gaumont Pathé total IMAX commitment, with 17 theatres in France, seven in the Netherlands and four in Switzerland that are currently open or contracted to open.

“We’re extremely encouraged by the strong momentum and accelerated growth that IMAX continues to see in Western Europe – particularly in France, where our commercial network doubled in 2016," said IMAX Corp. CEO Richard L. Gelfond.  “Through establishing flagship IMAX locations that incorporate our laser technology, Les Cinémas Gaumont Pathé has developed a winning strategy that has resulted in higher per-screen averages and has driven incremental revenue to its complexes. We look forward to building on our partnership to expand our network across Europe and offer audiences a one-of-a-kind cinematic experience they can’t get anywhere else.”

“With today’s agreement, we are expanding our partnership with IMAX to bring the world’s most immersive cinematic experience to our top-performing locations,” said Martine Odillard, Chairman of Les Cinémas Gaumont Pathé. “In an unprecedented drive towards innovation, we will be deploying purpose-built IMAX theatres as new extensions at these flagship locations to deliver the most technologically advanced auditoriums in France and Europe.”
 


About Les Cinémas Gaumont Pathé: Les Cinémas Gaumont Pathé is the biggest cinema chain operator in France (71 movie theatres), the Netherlands (25 movie theatres), and Switzerland (8 movie theatres). It is also present in Belgium (5 movie theatres). At the end of 2016, Les Cinémas Gaumont Pathé operated 109 movie theatres totaling 1,080 screens, 66,8 million admissions and 743 million euros in revenue.  Les Cinémas Gaumont Pathé pairs the continuous modernization of its movie theaters with the never-ending pursuit of innovation. This quest for constant refinement rests on an active policy of construction, reconstruction and renovation of movie theaters and innovative projection technology.  Les Cinemas Gaumont Pathé is owned by Pathé, one of the biggest film producers in Europe and a major player in film distribution. Les Cinémas Gaumont Pathé Directory page 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, 2016, there were 1,215 IMAX theatres (1,107 commercial multiplexes, 16 commercial destinations and 92 institutions) in 75 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."
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