Former PolyGram exec joins D Films
Darryl Iwai to chair Canadian indie distributor's boardTORONTO -- Canadian indie distributor D Films has named veteran distribution executive Darryl Iwai as chairman of the board of directors.
Iwai was president of PolyGram Filmed Entertainment Canada from 1994 until 2000, when the company was acquired by Seagrams and then ultimately Universal Studios.
He next did a short stint as president of worldwide distribution for Stewart Till's London-based Signpost Films, which had backing from a Canadian investment group, before more recently becoming a shareholder and board member of KTI Limited and Fountain Hills Investments Ltd., private equity players in the energy and real estate sectors.
During his PolyGram tenure, Iwai faced a diplomatic flap between Canada and the European Union over whether then Dutch-based PolyGram could release non-proprietary movies into the Canadian market.
Iwai returns to the film industry to help lead D Films, a Toronto-based boutique distributor launched in 2009 by president and CEO Jim Sherry.
"We are flattered that Darryl has chosen to re-enter the motion picture distribution business with D Films, and we look forward to his leadership and vision as we continue to grow our organization," Sherry said in a statement.