Imax's 'Deep Sea' hits $50 mil mark

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TORONTO -- Giant-screen exhibitor Imax Corp. on Wednesday said that underwater film "Deep Sea 3D," which bowed in March 2006, has moved past the $50 million mark at the boxoffice.

Toronto-based Imax and co-producer Warner Bros. Pictures are working on a sequel that will be directed by Howard Hall. Toni Myers, Graeme Ferguson and Michele Hall are producing the film which is targeted for a 2009 release.

Hall, Ferguson and Myers were behind Imax's first underwater 3D adventure, "Into The Deep," which has grossed about $70 million since its 1991 release.

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