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.
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 today announced that it has been awarded the Tech 40 label, marking its entry into the EnterNext Tech 40 index.
Beekman Investment Partners, through an affiliate, has acquired select assets from AMC Entertainment and Carmike Cinemas and certain of their subsidiaries to create a movie theatre circuit of 16 locations across the U.S., with 184 screens and more than 500 employees.
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 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.
The European Audiovisual Observatory is focusing on the impact of video-on-demand on the film value chain in this year’s Cannes conference. This year’s topic Is VoD growing the film pie its impact on the film ecosystem. The discussion will take place May 20.
Award-winning animation studio Laika has tapped Striker Entertainment to serve as its worldwide licensing agent.
After standardizing its portfolio on Sony 4K, Vue International has upgraded the remaining DLP projectors across its estate in the UK, Ireland and Germany (CinemaxX) with 44 Sony SRX-R515DS dual projection systems.
Barco has launched a program designed to ensure peace of mind and low total cost of ownership for exhibitors and constant superior image quality for moviegoers. The SmartCare program provides a guaranteed light source output over a 10-year period for Barco’s Smart Laser cinema projectors.