IMAX® Enhanced Program Continues Momentum With Addition of New Leading Streaming and Device Partners and Announcement of First Blockbuster Titles

IMAX Corporation (NYSE: IMAX) and audio leader, DTS®, a wholly owned
subsidiary of Xperi Corporation (Nasdaq: XPER), today announced a
significant expansion of their IMAX® Enhanced program to offer consumers
a new level of quality in home entertainment. Streaming leaders, Tencent
Video, FandangoNOW and Rakuten TV, and global device partners, Arcam,
Elite, Integra, Lexicon, Onkyo, Pioneer, TCL and Trinnov have joined the
IMAX® Enhanced program. The companies also announced the first IMAX
Enhanced blockbuster titles from Sony Pictures Home Entertainment and
Paramount Pictures to be released in 2019.

As part of today’s announcement, Tencent Video (China), FandangoNOW
(U.S.), and Rakuten TV (Europe) will stream IMAX Enhanced content to
certified devices beginning in 2019. Additionally, Privilege 4K (U.S.)
will stream IMAX Enhanced content to select Sony BRAVIA televisions
beginning this year. Only digital retailers that meet the highest
standards for 4K HDR streaming will be authorized to distribute IMAX
Enhanced content.

The companies also announced the first IMAX Enhanced titles to be
released on streaming platforms and Ultra HD Blu-ray Disc. Sony Pictures
Home Entertainment will release “Venom” and “Alpha” amongst 15 confirmed
launch titles via participating digital retailers. Additionally,
Paramount Pictures will make its initial titles available in 2019. In
early December 2018, the IMAX documentaries, “Journey to the South
Pacific” and “A Beautiful Planet,” were the first IMAX Enhanced Ultra HD
Blu-ray discs to be released. They are available for purchase through
Amazon and major retailers.

Arcam, Elite, Integra, Lexicon, Onkyo, Pioneer, TCL and Trinnov join
Sony Electronics and Sound United brands, Denon and Marantz, as IMAX
Enhanced device partners. Arcam, Elite, Integra, Lexicon, Onkyo, Pioneer
and Trinnov will offer IMAX Enhanced-certified A/V receivers and TCL
will debut IMAX Enhanced-certified televisions in select regions
beginning in 2019. Additional information about specific products and
availability will be forthcoming.

“We’re encouraged by the significant momentum and high-caliber partners
that are embracing the IMAX Enhanced program in just the first few
months of its launch,” said IMAX CFO and Head of Corporate Strategy &
Development Patrick McClymont. “These premium partners and the
blockbuster titles announced today extend our product and content
offering and advance our efforts to deliver the best at-home
entertainment experiences to more consumers around the world.”

“We are pleased to announce the growth of the IMAX Enhanced ecosystem
with leading studios, streaming services, and device partners who share
our vision of raising the bar for home entertainment by delivering the
highest quality content to premium devices,” said Xperi EVP and Chief
Products and Services Officer, Geir Skaaden.

The IMAX Enhanced program, announced in September 2018, combines the
highest-end consumer electronics products with IMAX digitally
re-mastered 4K HDR content and DTS audio technologies to offer consumers
a new level of quality in immersive sight and sound experiences for the
home. Televisions, projectors and A/V receivers from Sony Electronics,
A/V receivers from Denon and Marantz, and content collaborations with
Sony Pictures Home Entertainment and Paramount Pictures were announced
at launch.

The IMAX Enhanced program uses the newest, proprietary post-production
process developed by IMAX to digitally re-master content to produce more
vibrant colors, greater contrast and sharper clarity. IMAX and DTS have
also partnered with award-winning Hollywood sound mixers to use a
special variant of the DTS:X codec technology integrated in home audio
equipment to deliver an IMAX signature sound experience with more
immersive, powerful sound. The companies are also designing an IMAX Mode
or suggesting the most suitable picture mode for the enhanced devices
that will be meticulously optimized to play the digitally re-mastered
content as the filmmaker intended in the home.

For more information about the IMAX Enhanced program, please visit www.IMAXenhanced.com.

About Xperi Corporation

Xperi Corporation (Nasdaq: XPER) and its brands, DTS, FotoNation, HD
Radio, Invensas and Tessera, are dedicated to creating innovative
technology solutions that enable extraordinary experiences for people
around the world. Xperi’s solutions are licensed by hundreds of leading
global partners and have shipped in billions of products in areas
including premium audio, automotive, broadcast, computational imaging,
computer vision, mobile computing and communications, memory, data
storage, and 3D semiconductor interconnect and packaging. For more
information, please call 408-321-6000 or visit www.xperi.com.

DTS, FotoNation, HD Radio, Invensas, Xperi and their respective logos
are trademarks or registered trademarks of affiliated companies of Xperi
Corporation in the United States and other countries. All other company,
brand and product names may be trademarks or registered trademarks of
their respective companies.

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 theaters 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
additional offices in London, Dublin, Tokyo, and Shanghai. As of
September 30, 2018, there were 1,443 IMAX theatre systems (1,346
commercial multiplexes, 13 commercial destinations, 84 institutional)
operating in 79 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.”

IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D
Experience®, The IMAX Experience®, IMAX Is Believing® and IMAX nXos® 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.facebook.com/imax),
Twitter (www.twitter.com/imax)
and YouTube (www.youtube.com/imaxmovies).

Xperi Safe Harbor Statement

This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect to the
IMAX and DTS partnership and the expected features, benefits,
characteristics and launch of the IMAX Enhanced program. Material
factors that may cause results to differ from the statements made
include the plans or operations relating to the businesses of Xperi;
market or industry conditions; changes in patent laws, regulation or
enforcement, or other factors that might affect Xperi's ability to
protect or realize the value of its intellectual property; the
expiration of license agreements and the cessation of related royalty
income; the failure, inability or refusal of licensees to pay royalties;
initiation, delays, setbacks or losses relating to Xperi's intellectual
property or intellectual property litigations, or invalidation or
limitation of key patents; fluctuations in operating results due to the
timing of new license agreements and royalties, or due to legal costs;
the risk of a decline in demand for semiconductors and products
utilizing our audio and imaging technologies; failure by the industry to
use technologies covered by Xperi's patents; the expiration of Xperi's
patents; Xperi's ability to successfully complete and integrate
acquisitions of businesses; the risk of loss of, or decreases in
production orders from, customers of acquired businesses; financial and
regulatory risks associated with the international nature of Xperi's
businesses; failure of Xperi's products to achieve technological
feasibility or profitability; failure to successfully commercialize
Xperi's products; changes in demand for the products of Xperi's
customers; limited opportunities to license technologies due to high
concentration in applicable markets for such technologies; the impact of
competing technologies on the demand for Xperi's technologies; pricing
trends, including Xperi's ability to achieve economies of scale; and
other developments in the markets in which Xperi operates, as well as
management's response to any of the aforementioned factors. You are
cautioned not to place undue reliance on the forward-looking statements,
which speak only as of the date of this release.

The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in Xperi's recent reports on Form 10-K and Form 10-Q
and other documents of Xperi on file with the Securities and Exchange
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Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by Xperi will be realized or, even if substantially
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XPER-D

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