NEW YORK, July 20, 2015 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced the appointment of Dana Settle to its Board of Directors. Settle is a Partner and Co-Founder at Greycroft, a venture capital fund based in New York City and Los Angeles focused on investments in the Internet and mobile markets. She fills a vacancy on the Company's board.
Throughout her career, Settle has played a key role in the success of many technology startups. Prior to Greycroft, where she heads the firm's West Coast arm in Los Angeles, Settle spent several years as a venture capitalist and adviser to startup companies in the Bay Area. During her six years at venture capital fund Mayfield, she focused on early-stage companies in the mobile communications and consumer Internet markets.
Dana currently serves on the boards of Greycroft's investments in AppAnnie, EBTH.com, Steelhouse, TheRealReal, Clique, RocketJump, and WideOrbit. She also managed the firm's investments in Maker Studios (sold to Disney), Viddy (sold to FullScreen), AwesomenessTV (sold to Dreamworks), Digisynd (sold to Disney), ContentNext (sold to Guardian Media), Pulse (sold to LinkedIn) and Sometrics (sold to American Express).
Dana's additional experience includes business development at Truveo (AOL), investment banking at Lehman Brothers and international business development at McCaw Cellular Communications (AT&T).
"Dana has played a pivotal role in fostering the strategic growth of some of the most promising digital media companies in the world. She has a pulse on the latest digital innovations across multiple platforms and an impressive track record of transforming those innovations into successful businesses," said IMAX CEO Richard L. Gelfond. "We are delighted to welcome Dana as our newest board member. As we continue to explore new areas for growth, her expertise and strategic insight will be of tremendous value to our board and to IMAX."
"I'm thrilled and honored to be joining the IMAX board," said Settle. "The IMAX brand is a landmark in the media industry and its innovative work aligns perfectly with my experience in the venture capital industry. I look forward to helping to continue IMAX's forward-thinking mission with my fellow board members and the IMAX executive team."
Dana holds a BA in Finance and International Studies from the University of Washington and an MBA from Harvard Business School.
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).
Greycroft Partners is a leading venture capital firm focused on investments in the Internet and mobile markets. With offices in the two media capitals of the world - New York and Los Angeles – Greycroft is uniquely positioned to serve entrepreneurs who have chosen us as their partners. Greycroft leverages an extensive network of media and technology industry connections to help entrepreneurs gain visibility, build strategic relationships, successfully bring their products to market, and build successful businesses. Greycroft manages $600 million and has made over 100 investments since inception, including leading companies such as AppAnnie, Baublebar, Braintree, Buddy Media, Collective, Extreme Reach, Huffington Post, JW Player, Klout, Maker Studios, Plain Vanilla, Pulse, TheRealReal, Trunk Club and WideOrbit. For more information please visit the Greycroft Partners website at www.greycroft.com.
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.