Paris (France), Liège (Belgium)—Jun 22, 2015
Ymagis Group Signs New VPF Deals in Turkey and Announces Deployment of its Melody TMS Solution
Group (ISIN: FR0011471291, TICKER: MAGIS), the European specialist in digital technologies
for the motion picture industry, today announced that it has signed new VPF(1)
agreements under the third-party collector financing model with six major Turkish
cinema exhibitor chains. The deals represent 409 screens in 50 cinema sites operated
by Turkey’s Avsar Sinema, Cinemarine, Cinens Sinemalari, Prestige Cinema, Aksin
Sinemari and Torunlar/Cinetech.
A vast majority of the exhibitors has also opted to purchase the Melody
TMS (Theatre Management System) software solution developed by Ymagis Group.
The Melody TMS, which allows exhibitors to oversee the programming of their
auditoriums and fully automate their projection booths, will equip 280 screens
and more, across Turkey this year.
"Following the establishment in January 2014 of our subsidiary
dcinex TR Sinema Ekipmanlari Ticaret Ltd. Sirketi headed by Cengiz Cilek, we have
now taken a giant step forward in Turkey,” explained Ymagis’ Chief Executive
Officer and co-Founder Jean Mizrahi. "With these new contracts, our Group
has a very solid base upon which to build and grow our activities in a
territory known for its tremendous potential. I particularly wish to
acknowledge the assistance of SISAY, the Turkish association of movie
exhibitors, which counts each of these new clients as members. It is thanks to
the efforts of its president, Cenk Sezgin, that we have seen such outcome from
our discussions while maintaining the industry’s common interests.”
"With 2,250 screens, 400 sites, 150 exhibitors and 20 film distribution
companies, the Turkish motion picture industry is one of the most dynamic and
important in Eastern Europe,” added Cenk Sezgin, president of SISAY. "The
conclusion of these VPF agreements with Ymagis Group is without question our
greatest achievement this year. Thanks to all the hard work by Jean’s and
Cengiz’s respective teams, a large number of cinemas in Turkey will now benefit
from the VPF financing model.”
The VPF agreements in Turkey will be effective through December 31,
2018. They are expected to contribute to Ymagis Group’s financial results as of
this year, and confirm the Group’s position as a European leader in finance
solutions for movie exhibitors with a total of 6,401 screens.
According to the European
Audiovisual Observatory, the Turkish marketplace is currently seeing
significant growth in attendance, up 21.8% in 2014 to 61.4 million from 50.4
million the prior year.