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Paris (France), Liège (Belgium)—Jun 22, 2015

Ymagis Group Signs New VPF Deals in Turkey and Announces Deployment of its Melody TMS Solution

Ymagis 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.
 

About Ymagis Group: The Ymagis Group is a leader in advanced digital technology services for the cinema industry. Through CinemaNext and Eclair, the Group provides innovative solutions to movie exhibitors, distributors (feature films & event cinema), producers, right-holders, cinema/TV advertising networks, rights holders, broadcasters, VOD/S-VOD platform operators and video publishers.


Ymagis Group Directory page

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