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Paris—Mar 27, 2009
Cineville and Ymagis Close Deal on Conversion to Digital Cinema
CINEVILLE (a fully owned subsidiary of SOREDIC, one of the most important French exhibition and booking group based in Rennes), and YMAGIS, a deploying entity based in Paris, came to an agreement to progressively equip the group’s 103 screens with digital cinema. The first complexes will be equipped as early as first half 2009. CINEVILLE’s ambition is to get all its sites fully equipped as soon as possible. CINEVILLE will also get the required equipment to enable its sites to offer 3D screenings.
Furthermore, YMAGIS committed to provide financial and technical solutions to most of the exhibitors belonging to the CINEDIFFUSION booking network. YMAGIS will build customized solutions for each member of the network. This side of the agreement will involve 134 screens and 84 theatres.
All exhibitors in contract with YMAGIS under this scheme will benefit from the various services developed by the company, under preferential conditions:
-Financial contribution to the a DCI-compliant digital cinema equipment;
-Ymagis TCS, an integrated solution including a cinema central server, content storage capacity, cinema networking solutions and various software tools developed by Ymagis to allow the automation of each cinema; mail service on a dedicated encrypted network to secure KDM deliveries
-Ymaginet, a digital network designed and implemented by Ymagis to allow dematerialized transfer of digital files : ads, trailers and teasers, feature films;
-7/7 technical support , and a remote technical supervisory control of each projection equipment;
-Access to technical solutions for 3D projection at a reasonable cost;
-QuickDCP, a DCP creation service aimed at informing the audience;
-Ymagis-DCP, an encoding solution embedded in the Ymagis-TCS servers (scheduled to be launched during the second quarter of 2009)
A 100% SOREDIC subsidiary, CINEVILLE SAS was created in 2004 to manage the cinemas owned by its head office and to develop new projects. Mainly based in the West of France (Brittany and Loire Valley), CINEVILLE manages 11 cinemas and their 88 screens. The two sites managed by CINECRAN, a company jointly controlled by the Hoffmann family and SOREDIC, also joined the agreement. These two sites, Club in Saint-Brieux and Cinéland in Trégueux, represent 15 theaters and 2700 seats. These sites attract together roughly 4 million spectators every year, 2,2 % of the French market.
About CINEDIFFUSION :
As a 100% SOREDIC’s subsidiary, CINEDIFFUSION SAS manages the booking of films for its members. The agreement gathers 265 screens, essentially based in Brittany and Pays-de-Loire.
These theaters clocked up 8,1 million entries in 2008, equivalent to 4,3 % of the French market.
Ymagis Engineering Services
85-87 Avenue Jean Jaurès
92120 Montrouge – France
Tel: +33 179 977 840
Founded in 2007 and managed by professionals from cinema and high-tech industries, YMAGIS is specialized in services for digital cinema. YMAGIS provides services to producers, distributors of movies and alternative content, advertising sales agencies and cinema exhibitors, to ensure a smooth transition of their operations from 35mm to digital, while keeping costs under control and producing the best possible mix in terms of creativity, marketing and financing. YMAGIS’s offer covers two main business areas: the management of VPF (Virtual Print Fees) and services to exhibitors and producers / distributors: sale and installation of equipment for cinemas, maintenance and online support services for digital projection equipment, leasing of 3D glasses, preparation and distribution of DCPs and KDMs (1), and post-production. In this way, YMAGIS’s digital laboratories deliver thousands of DCPs and KDMs to cinemas each week on behalf of its distributor clients. During the 2012 financial year, the Group generated a turnover of 39.7 M€, representing an increase of 53% compared to 2011, and an operating profit of nearly 15%.
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