SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


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


         Date of report (Date of earliest event reported): July 31, 2003


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


                                     CANADA
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                 (State or Other Jurisdiction of Incorporation)


         0-24216                                           98-0140269
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(Commission File Number)                    (I.R.S. Employer Identification No.)

        2525 SPEAKMAN DRIVE, SHERIDAN PARK, MISSISSAUGA, ONTARIO L5K 1B1
        ----------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

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


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











ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c)     Exhibit 99.1.   Press Release dated July 31, 2003.



ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On July 31, 2003, IMAX Corporation (the "Company") issued a press release
announcing the Company's financial and operating results for the quarter ended
June 30, 2003, a copy of which is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.

     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, nor shall it be deemed incorporated by
reference in any filing under the Securities Exchange Act of 1933, except as
shall be expressly set forth by specific reference to in such filing.






                                   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:  July 31, 2003                     By: /s/ Richard L. Gelfond
                                             -----------------------------------
                                             Name:  Richard L. Gelfond
                                             Title: Co-Chairman and
                                                    Co-Chief Executive Officer





                                  EXHIBIT INDEX


Exhibit    Description
-------    -----------

99.1*      Press Release dated July 31, 2003



* Filed herewith