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# 1939 Format Debate

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Neuilly-sur-Seine. FR—Feb 18, 2010

UGC and Ymagis Sign A Framework Agreement for the Conversion of 600 Screens to Digital Projection.

The UGC Group has signed an agreement with Ymagis whereby the latter will act as a third-party investor and a third-party VPF collector. The agreement will allow the circuit’s 600 screens to switch to digital within 24 to 36 months, according to a rollout calendar focussing initially on digital projection in 3D, and subsequently on the complete conversion of all theatres.

The agreement will enable the implementation of this technological breakthrough without hindering UGC's investment and innovation capacities. The group’s transition to digital will thus be compatible with the investments required to expand and upgrade the circuit.

In view of various initiatives emanating from the supervisory authority and competitors, and of the adoption by the public of 3D projection, which requires digital projection, the group believes this is the right moment to optimise the conditions of this conversion.

About UGC: UGC is one of the leading European cinema groups, active in France, Belgium, Spain and Italy. It is also one of the major players in European cinema production and distribution.

About Ymagis: Ymagis is one of the main third-party facilitators for digital projection in Europe. The company occupies a leading position in France and is already the partner of operators in Spain, Belgium, Luxembourg and Germany.
Ymagis Contacts:
Ymagis S.A.S
106 rue la Boëtie
75008 Paris – France
Tel: +33 175 448 888
 
Ymagis Germany
Reuchlinstr. 10-11
10553 Berlin, Deutschland
Tel. +49 30 21018431
germany@ymagis.com

Ymagis Spain
Pallars, 99
08018 Barcelona, Spain
Tel. +34 931 845 055

Ymagis Engineering Services
85-87 Avenue Jean Jaurès
92120 Montrouge – France
Tel: +33 179 977 840

Ymagis Web Site:
About Ymagis: 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%. Ymagis Directory page Ymagis Web Site About UGC France: UGC Cinemas is Europe’s leading cinema operator with over 90 sites across six countries (UK, Ireland, UGC France Directory page
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