NEW YORK – July 31, 2013 – IMAX Corporation (NYSE:IMAX; TSX:IMX) today announced it appointed Michael Lynne to its board of directors, expanding the board to 10 from nine. The company also announced Michael MacMillan was elected a director by shareholder vote in June, filling an existing vacancy.
Lynne is a Principal of Unique Features LLC, a film and television production company. Prior to the launch of Unique Features, he was Co-Chairman and Co-Chief Executive Officer of New Line Cinema Corporation and was an Executive Producer of New Line’s historically successful The Lord of the Rings trilogy.
Lynne is a member of the Boards of the Museum of Modern Art and Citymeals-on-Wheels, and chairs the Museum Committee of Guild Hall of East Hampton. He is a member of the Board of Visitors of Columbia Law School and is a long-time trustee of the Brooklyn College Foundation. Since 2005 he has also been a member of the Vornado Realty Trust board of directors, on which he serves as Chair of the Compensation Committee. Lynne also served as the Time Warner, Inc. representative on the Time Warner Cable board from 2006 until 2008 and chaired their Compensation Committee. He is a member of the New York Bar.
MacMillan is CEO of Blue Ant Media, a Canadian media company which he co-founded in 2011. MacMillan was Chairman and/or CEO of Alliance Atlantis Communications from 1998 to 2007.
In 2007 MacMillan also co-founded, and serves as chairman of, Samara, a think tank that works to strengthen political engagement in Canada through innovative research and educational programs. MacMillan is a director of Knowledge First Financial and is co-founder and co-owner of Closson Chase, a vineyard and winery in Prince Edward County, Ontario, Canada. He is currently involved with Open Roof Films, Human Rights Watch, Civix and the Toronto East General Hospital, among other organizations.
“Both Michael Lynne’s and Michael MacMillan’s experience as senior executives in media and entertainment will bring valuable industry insight and expertise to the Board’s deliberations in these areas,” said IMAX Chairman Brad Wechsler. “We are pleased to add them to our board.”
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 June 30, 2013, there were 767 IMAX theatres (634 commercial multiplexes, 19 commercial destinations and 114 institutions) in 54 countries.
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D Experience®, The IMAX Experience® and IMAX Is Believing® 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).
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.For additional information please contact:
IMAX Corporation- New York
Principal Communications Group - Los Angeles
Melissa Zukerman/Paul Pflug