4:08pm PT by Carolyn Giardina
American Cinematheque to Honor Imax With Sid Grauman Award
The American Cinematheque will recognize the achievements of Imax with the 2017 Sid Grauman Award, presented by Hill Valley, on Nov. 10 during the American Cinematheque annual benefit awards show at The Beverly Hilton in Beverly Hills.
Richard Gelfond, Imax Corp. CEO, and Greg Foster, Imax Entertainment CEO and senior executive vp of Imax Corp., will accept the award on the company's behalf.
“The American Cinematheque is pleased to present this year’s annual Sid Grauman Award to Richard Gelfond and Greg Foster on behalf of Imax for their outstanding contribution to theatrical exhibition,” American Cinematheque chairman Rick Nicita said Tuesday in a statement. “Their leadership of Imax has resulted in a breathtaking expansion of not only box office grosses around the world but in a quantum leap forward for the excitement and enjoyment of the moviegoing audience. There is no better way to see a movie than on the big screen and Imax gives us the biggest screens of all.”
The American Cinematheque board of directors created the award in 2015 to recognize "significant contributions to the Hollywood film industry in the continuing advancement of theatrical exhibition." It is named in honor of Sid Grauman, a pioneer in the theatrical exhibition of movies, founder of the Egyptian Theatre and a founding member of the Academy of Motion Picture Arts and Sciences.