IMAX® Announces Election Of Darren Throop To Board Of Directors
NEW YORK, June 1, 2015 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced the election of Darren Throop to its board of directors. Throop is President & CEO of Entertainment One Ltd. (eOne) (LSE: ETO), a leading independent entertainment group, which produces and acquires entertainment content rights for distribution across all consumer media worldwide. Throop fills one of the two vacancies on the Company's board left by Garth M. Girvan and Marc A. Utay, who did not stand for re-election. IMAX is in the process of recruiting a tenth director, who will be identified in due course.
Throop has a 20-year track record of successfully building and managing entertainment companies. In 1991, he founded an independent chain of retail music stores. Building and acquiring several music distribution ventures over ten years, he was named CEO of ROW Entertainment in 2001. Throop took the company public in 2003 and changed the company name to Entertainment One. With a comprehensive distribution network in the U.S. and Canada, Throop began aggressively acquiring the rights for specialty content. In 2007, to fund expansion into independent feature film and television distribution and rights ownership, Throop orchestrated the movement of Entertainment One to London's Alternative Investment Market in a $200 million IPO.
Shortly after the listing, Entertainment One acquired a series of leading Film and Television producers and distributors around the globe. Stepping up to the main market of the London Stock Exchange in 2010, Entertainment One was confirmed as a FTSE 250 entrant in the FTSE UK Index Series in 2013.
Under his leadership, Entertainment One has become a leading international independent entertainment content owner and distributor.
"Today more than ever before, consumers have choices in when and how content is presented. Darren's ground-breaking work in content licensing and international distribution has established new business models that help companies realize value from content across multiple entertainment platforms worldwide," said Richard L. Gelfond, CEO, IMAX. "As we continue to innovate and find new opportunities for long-term growth, we believe Darren's expertise will be very helpful in ensuring IMAX stays at the forefront of this rapidly evolving entertainment landscape."
"IMAX continues to elevate and enhance the global audience experience through technological innovation and strategic growth. As a content business leader and a big fan of film, television and music, I am delighted to be involved with a company that has such a strong vision for the future of entertainment," said Throop.
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 theatres 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 offices in London, Tokyo, Shanghai and Beijing. As of March 31, 2015, there were 943 IMAX theatres (820 commercial multiplexes, 18 commercial destinations and 105 institutions) in 63 countries.
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® 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).
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content. The company's comprehensive network extends around the globe including Canada, the U.S., the UK, Ireland, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea. Through established Film and Television divisions, the company provides extensive expertise in film distribution, television and music production, family programming, merchandising and licensing, and digital content. Its current rights library is exploited across all media formats and includes more than 40,000 film and television titles, 4,500 hours of television programming and 45,000 music tracks.
This press release contains forward looking statements that are based on IMAX 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. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.
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SOURCE IMAX Corporation
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