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(Selection) Imax China has appointed former CAA agent Daniel Manwaring as its new CEO. He succeeds interim CEO Chen Jiande, who will return to his full-time function as vice chairman of Imax China. The appointment turns into efficient from Jan. 9, 2023.
Imax China is a subsidiary of Imax Company, however has its personal inventory market itemizing in Hong Kong. Its remit covers the Larger China area the place there are some 700 Imax theaters put in below totally different monetary preparations.
Manwaring has been based mostly in China since 2006 and is fluent in Mandarin. He joined CAA in 2012 and assumed his most up-to-date function as head of CAA China’s Movement Image Group in 2018. He has represented a few of China’s prime filmmakers and lead CAA’s media finance operation within the area.
Within the new function he’ll obtain a base wage of $600,000 per 12 months and is entitled to a goal bonus equal to 40% of his annual base wage. He’s additionally entitled to an annual fairness award with an mixture grant date financial worth of $700,000. Manwaring additionally receives a one-time signing bonus of $75,000, and an annual allowance of $217,200.
During the last 4 years at CAA, he put collectively greater than a dozen native and Hollywood movies for launch in Chinese language theaters. He additionally performed a key function in setting up financing and distribution entities within the area.
“Throughout his profitable, decade-long tenure at CAA, Daniel has confirmed very adept at fostering blockbuster Chinese language filmmaking that connects with audiences — a expertise that can serve IMAX effectively as we strengthen our distinctive place on the middle of the leisure ecosystem in China,” stated Wealthy Gelfond, CEO of Imax. “Daniel’s experience, creativity, and years of working with Chinese language filmmakers, the China Movie Bureau, and prime movie finance and distribution corporations shall be deeply invaluable to Imax China as we glance to develop our trade management on this highly effective cinema market.”
“As a long-time believer within the energy of flicks and the irreplaceable magic of the theatrical expertise, I’m thrilled to hitch Wealthy and the crew at Imax China to additional broaden this nice enterprise, foster new alternatives for development and diversification, and deepen its reference to Chinese language customers,” stated Manwaring.
Manwaring acquired a twin diploma in finance and Chinese language from the College of Florida. He additionally studied at China’s Tsinghua College.
Supply: Selection by Patrick Frater Dec 12, 2022 12:06am PT
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