October 17, 2018—IMAX Corp. has announced the appointment of Megan
Colligan to President, IMAX Entertainment and Executive Vice
President, IMAX Corporation. Reporting to Rich Gelfond, CEO of IMAX
Corp., Colligan's appointment will be effective February 19, 2019,
immediately following a consulting period.

She will oversee IMAX's global Entertainment
division and will help grow the Company's worldwide box office as well as
cultivating IMAX's strategic relationships and partnerships in the
entertainment industry. Colligan also will be responsible for the Company's
domestic and international film slates, global distribution and programming of
the IMAX theatre network and post production, quality control and DMR
process (IMAX's proprietary film conversion technology). She will oversee IMAX's own
original content development, production and distribution and the Company's
alternative content strategy. Additionally, she will play a key role in shaping IMAX's
Film Fund strategies as well as developing partnerships in the emerging
streaming marketplace.

The Company and Greg Foster also announced that,
as has been anticipated, Foster will exit from his role as CEO, IMAX
Entertainment and Senior Executive Vice President, IMAX Corp., when
his current contract concludes at the end of the year. 

In making the announcement, Gelfond said, “Given
Megan's extensive experience in the entertainment industry, she has a unique
perspective on how it is evolving and what IMAX can do to grow our
global entertainment business in new and innovative ways. Her strong
relationships with film studios, exhibitors, filmmakers and talent around the
world will help us take our already robust partnerships to the next level and
build exciting new ones.

“I'd like to thank Greg for his dedication and
commitment to building IMAX's blockbuster film business and
contributing to our overall success. He is a great friend who has worked
tirelessly for IMAX and I'm grateful for his enormous contributions
over nearly two decades. His relentless drive to build relationships across the
industry in both domestic and international markets with the finest filmmakers,
studios and exhibitors was critical in helping IMAX become the global
brand that audiences equate with the best moviegoing experience on the

“After nearly 18 years at IMAX, I leave extremely
proud of what we've built and accomplished,” said Foster. “I want to
do everything possible to guarantee the continued prosperity of a company I have
known and loved for such a long time. I can't think of anyone better to hand
the baton to than Megan. We've been friends and colleagues for many years and
she's a professional and talented film executive. I look forward to working
with Megan to ensure a smooth transition of responsibilities. I'm leaving
the company I helped build in excellent hands. Rich and everyone at IMAX will
always be part of the extended Foster Family.”

“One of the many things that attracted me to IMAX is
the strong spirit of entrepreneurship and innovation the company has long been
dedicated to since the very beginning,” said Colligan. “We're at a
really interesting time in the content business and IMAX is uniquely
positioned to help drive the future of our industry by leading the way with
technological innovation, creative problem solving, and smart, thoughtful
experimentation. I'm excited to be to be a part of a Company, led by Rich, that
is at the forefront of advancement.”

From 2006-2017, Colligan served in executive roles at Paramount
Pictures, most recently as Worldwide President of Marketing and Distribution
from 2014-2017. She spearheaded the marketing and distribution efforts for many
of Paramount's most successful franchise properties, including Transformers, Anchorman, Terminator, Mission: Impossible, Star Trek, Teenage Mutant Ninja Turtles, G.I.
and was the architect of the launch for the Paranormal Activity franchise. During this time, Colligan also
oversaw Paramount's Home Entertainment division, a $1 billion
dollar annual business for the studio.

From 2011-2014, Colligan served as Head of Domestic
Marketing and Distribution and as co-head of Domestic Marketing from 2008 to
2011. She oversaw the campaigns for some of the industry's most commercially
successful films, including the worldwide blockbusters Transformers: Revenge Of The Fallen, Transformers: Dark Of The Moon, Star
, G.I. Joe: The Rise Of Cobra,
and Shutter Island. With Marvel's
exclusive distribution deal with Paramount, Colligan helped launch and
build the now iconic brand with campaigns for Thor, Captain America: The
First Avenger
, and Iron Man 2.

During her time at Paramount, the studio earned 14 Best
Picture Oscar nominations in 11 years, including Denis Villeneuve's Arrival, Denzel Washington's Fences, Adam McKay's The Big Short, Martin Scorsese's films
The Wolf Of Wall Street and Hugo, Alexander Payne's Nebraska, Ava Duvernay's Selma, Christopher Nolan's Interstellar, David O. Russell's The Fighter, David Fincher's The Curious Case Of Benjamin Button, Jason
Reitman's Up In The Air,
Alejandro González Iñárritu's Babel, Ethan
and Joel Coen's True Grit, and Paul
Thomas Anderson's There Will Be

A member of AMPAS, Colligan was also the winner of the 2013
Sherry Lansing Award from Big Brothers and Big Sisters of Greater Los
Angeles. She has served on the organization's Board since receiving the honor.
She chairs the marketing committee and serves on the executive committee and
fund development committee. She graduated from Harvard University with
a B.A. in American history and African American studies.


Source: PR Newswire