UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

October 2, 2009
Date of report (Date of earliest event reported)

IMAX Corporation

Canada		0-24216		98-0140269
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

2525 Speakman Drive, Mississauga, Ontario, Canada, L5K 1B1
(Address of Principal Executive Offices)                (Postal Code)

(905) 403-6500
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01 Other Events

     On October 2, 2009, IMAX Corporation (the “Company”) issued a press release announcing the partial redemption of its 9 5/8% Senior Notes due December 1, 2010. A copy of the press release is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated October 2, 2009, filed pursuant to Item 8.01.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

IMAX CORPORATION

IMAX CORPORATION
2525 Speakman Drive
Mississauga, Ontario, Canada L5K 1B1
Tel: (905) 403-6500 Fax: (905) 403-6450
       www.imax.com

FOR IMMEDIATE RELEASE

IMAX Corporation Announces Redemption of Additional $75 Million of 9 5/8% Senior Notes Due December 2010

New York, NY – October 2, 2009 – IMAX Corporation (NASDAQ:IMAX; TSX:IMX) announced today that it has given notice of the redemption of $75 million principal amount of its 9 5/8% Senior Notes due December 1, 2010 (the “Notes”). The redemption notice stipulates a redemption date of December 1, 2009 at a price of 100.00%, plus accrued and unpaid interest.

To date, IMAX has redeemed $55.6 million of its original issue of $160 million of Notes, following successful equity offerings in June and August of this year that raised $130.7 million of cash, net of offering expenses. Upon completion of the current redemption, $29.4 principal amount of the Notes will remain outstanding.

“We are very pleased to continue de-levering the Company,” said IMAX’s Chief Executive Officer Richard L. Gelfond. “We are currently in discussions regarding obtaining the remaining debt financing and look forward to completing the redemption of the full issue.”

This news release is for information purposes only and is not an offer to buy any securities of IMAX Corporation. A formal notice of redemption is being provided separately to holders of the Notes in accordance with the terms of the indenture governing the Notes.

About IMAX Corporation

IMAX Corporation is one of the world’s leading entertainment technology companies, specializing in immersive motion picture technologies. The worldwide IMAX network is among the most important and successful theatrical distribution platforms for major event Hollywood films around the globe, with IMAX^® theatres delivering the world’s best movie presentations using proprietary IMAX, IMAX^® 3D, and IMAX DMR^®, technology. IMAX DMR is the Company’s groundbreaking digital re-mastering technology that allows it to digitally transform virtually any conventional motion picture into the unparalleled image and sound quality of The IMAX Experience^®. The IMAX brand is recognized throughout the world for extraordinary and immersive entertainment experiences for consumers. As of June 30, 2009, there were 394 IMAX theatres (273 commercial, 121 institutional) operating in 44 countries.

IMAX^®, IMAX^® 3D, IMAX DMR^®, An IMAX 3D Experience^® and The IMAX Experience^® are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.tinyurl.com/facebookimax), Twitter (www.twitter.com/imaxnews) and YouTube (www.youtube.com/imaxmovies).

This press release contains forward looking statements that are based on 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. Important factors that could affect these statements include, but are not limited to, general economic, market or business conditions, including the length and severity of the current economic downturn, the opportunities that may be presented to and pursued by the Company, the performance of IMAX DMR films, conditions in the in-home and out-of home entertainment industries, the signing of theatre system agreements, changes and developments in the commercial exhibition industry, the failure to convert theatre system backlog into revenue, investments

and operations in foreign jurisdictions, foreign currency fluctuations and the Company’s prior restatements and the related litigation and ongoing inquiries by the SEC and the OSC. These factors and other risks and uncertainties are discussed in the Company’s most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

Media:		Investors:
IMAX Corporation, New York		IMAX Corporation, New York
Sarah Gormley		Heather Anthony
212-821-0155		212-821-0121
sgormley@imax.com		hanthony@imax.com
Business Media:
Sloane & Company, New York
Whit Clay
212-446-1864
wclay@sloanepr.com