Business

Ymagis Group Reports Q1 2017 Revenue

Thu, 05/18/2017 - 12:17 -- Nick Dager

Ymagis Group has reported its consolidated financial results for the first quarter of 2017, ending March 31. In a market where replacement sales have not yet significantly taken off and after a first quarter generally unrepresentative of annual business, revenue for Ymagis Group was down by 2.9 percent at €41.5 million over the first three months of 2017, mainly due to the effect of a scheduled reduction in VPF business and a temporary fall in equipment sales.

EU Cinema Attendance Up, Box Office Down in 2016; Digital Conversion Nearly Complete

Fri, 05/12/2017 - 12:29 -- Nick Dager

An estimated 991 million cinema tickets were sold in the 28 European Union member states in 2016. This is 13.3 million more than in 2015 and marks the highest level registered in the EU since 2004. Cumulative gross box office revenues measured in euros, however, declined slightly by 2.3 percent from 2015’s record high but remained above the €7 billion level for the second consecutive year amounting to an estimated €7.04 billion.

Ymagis, CineTech to Launch CinemaNext North America

Wed, 04/12/2017 - 12:41 -- Nick Dager

Ymagis Group announced today that it has agreed with Dallas-based CinTech to form a new, full-service exhibitor services company in North America. Under the terms of the agreement and subject to the fulfillment of conditions precedent, a new company, CinemaNext North America, will be created with Ymagis Group acquiring a 75 percent stake and CinTech the remaining 25 percent. CinemaNext North America will be managed by industry veteran Stan Hays. Both parties intend to start operations during the second quarter of the year

Ymagis Group Reports 2016 Fiscal Results

Wed, 04/05/2017 - 12:43 -- Nick Dager

Ymagis today reported its consolidated financial results for the 2016 fiscal year, ending December 31, 2016, as approved by the Group’s Board of Directors following its meeting April 4, 2017. In 2016, Ymagis Group maintained its strong growth momentum, reporting revenues up by +13 percent at €178.2 million, primarily due to the acquisition of businesses completed both in 2015 and 2016.

Pages

Subscribe to Business