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                                  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 28, 2004
                Date of report (Date of earliest event reported)


                                IMAX CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)



                                                                            

              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):

[ ]  Written communication pursuant to Rule 425 under the Securities Act 
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communication pursuant to Rule 14d-2(b) under the 
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communication pursuant to Rule 13e-4(c) under the 
     Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On October 28, 2004, IMAX Corporation (the "Company") issued a press
release announcing the Company's financial and operating results for the quarter
ended September 30, 2004, a copy of which is attached as Exhibit 99.1.

     The information in this current report on Form 8-K, including the Exhibit
attached hereto, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, except as shall be expressly set forth by specific
reference in such filing.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)  EXHIBITS



EXHIBIT NO.     DESCRIPTION
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99.1            Press Release dated October 28, 2004







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                                   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.


                                           IMAX CORPORATION
                                           (Registrant)


Date: October 28, 2004                     By:    "Richard L. Gelfond"
      ---------------------                   ----------------------------------
                                           Name:  Richard L. Gelfond
                                           Title: Co-Chairman and
                                                  Co-Chief Executive Officer




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