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# 1952 Eidophor

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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:
Pierre Flamant, CFO: 

Julien Bollee: 
Ymagis Web Site:
About Ymagis: Founded in 2007 and managed by professionals from cinema and high-tech industries, Ymagis SA is a leading company in Europe for digital services to the cinema industry. Ymagis, through its offices in 21 countries, provides services to producers, distributors of movies and alternative content, advertising sales agencies and cinema exhibitors. The company’s core business is structured around three main business areas: services to exhibitors (“Exhibitor Services”) and services to producer and distributors (“Content Services”), and finance solutions (“VPF Services”). The services to exhibitors cover sale and installation of equipment for cinemas, maintenance and online support services for digital projection equipment, sale and leasing of 3D glasses. The services to producers and distributors cover post-production of content as well as preparation and distribution of DCPs and KDMs. More information on the company can be found at http://www.ymagis.com 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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