LOS ANGELES -- Following a year of significant global theatre network growth, the best box office results in company history and a record number of films, IMAX Corporation (NYSE:IMAX) (TSX:IMX) today announced it has promoted Phil Groves to Senior VP, Worldwide Distribution, Studio-Exhibitor Relations. In his expanded role, Mr. Groves will oversee IMAX's global distribution operation in addition to managing the rapidly growing number of international relationships the Company maintains. Mr. Groves will continue to report to Greg Foster, Chairman and President, IMAX Filmed Entertainment.
"Phil has been a key contributor to the successful transformation of IMAX's film business and the results of that strategy have been evident," said Foster. "We have expanded his position to acknowledge the role he has played, and to enable our growing list of global exhibition and studio partners to have access to Phil's extensive knowledge of the IMAX distribution business."
In 2010, 13 new exhibition partners opened IMAX(R) theatres. The Company installed a total of 123 theatre systems worldwide, of which 91 were in new locations. IMAX forged relationships with several new partners, including Chinese film studios, and the IMAX film slate featured 15 titles.