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# 1936 Scophony

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Luxembourg—Jun 9, 2010

The Utopia Group Appoints Ymagis to Help with its Conversion to Digital

The Utopia Group has appointed Ymagis to help with the Group’s phased conversion of all its cinemas to digital projection. The conversion process will start this year in the Group cinemas in Luxembourg, France, Belgium and the Netherlands, continuing into 2011 with the aim of completing the network’s digitisation by the end of 2011.

This decision is part of the development strategy of the Utopia Group, one of the very first European groups to embark on switching to digital. Utopia has been a key player at a European level in considerations related to digitisation and its decision is the outcome of research undertaken over several years on different economic models for financing the digital conversion. Utopia’s undertaking reflects the progress seen in the development of these economic models in Europe, which now allow the great majority of cinema owners to switch to digital under satisfactory economic conditions.

Nico Simon, Utopia’s CEO, said: “We were among the first in Europe to go down the path of digital cinema, so for the Utopia Group the digital roll‐out across our cinemas is not really a new adventure.  We are now starting on the logical next step, finalising the forward‐looking options we have been taking for some time. In Ymagis, we are certain that we have found a true partner to help us during this essential phase which is vital for the development not just of cinemas, but of the entire sector.

We felt that the financial and operating model developed with Ymagis was best suited both to our own needs and those of the sector as a whole, being flexible and open to the wide variety of types of cinemas and distributors that exist.”

Meanwhile, Jean Mizrahi, Chief Executive of Ymagis, said: “We are really delighted that Utopia has chosen us to support the entire Group’s conversion to digital projection over the next couple of years. We are aware of the importance of this choice, which is proof of the trust shown in us by one of the pioneers of digital cinema in Europe. This agreement will also boost our presence in all countries where Utopia has cinemas, as well as reinforcing our involvement in cinemas committed to a policy of demanding programming which gives European cinema its rightful place.”
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:
Formed in 2007 and managed by professionals from the world of cinema and high technologies, Ymagis (www.ymagis.com) specialises in digital cinema services. Ymagis provides its services to producers and distributors of films and additional content, advertising agencies and cinema exhibitors, in order to help them make the most of the creative, marketing and financial aspects of digital technologies. Ymagis’ offering covers two business divisions: VPF (2) management and provision of services to cinema exhibitorsand producers/distributors. The latter services cover the sale and installation of cinema equipment, maintenance and facilities management of digital projection equipment, sale and rental of 3D glasses, post-production of content, and the preparation and delivery of DCP (3) and KDM (4). Each week, Ymagis’ digital labs deliver thousands of DCP and KDM to cinemas in Europe on behalf of its distributor clients and advertising agencies. In2013, the Group generated consolidated revenue of €47.3m, up 19% compared with 2012, and a profit before tax of €4.0m, up 27%.
Ymagis Directory page Ymagis Web Site About Utopia Group of Cinemas: The Utopia Group in its current form was created by the acquisition of a regional cinema network in Flanders (Belgium) by the Luxembourg-based company UTOPIA SA in 1999 and the merger with the Dutch group Polyfilm in 2002. It had initially been set up in 1989 by a group of cinema enthusiasts in Luxembourg. The Group currently operates 13 sites (90 screens) in the three Benelux countries and France. In 2004, Utopolis Luxembourg (10 screens) was the first European multiplex to be fully equipped for digital projection. The group operates two brands: Utopolis for mainstream and Utopia for art-house. (Utopia Group is not related to the Utopia chain operating in southern France) Utopia Group of Cinemas Directory page
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