Éclair Cinema SAS Placed in Receivership
Ymagis Group has asked the Commercial Court of Nanterre to place one of the French subsidiaries of its Éclair business unit, Éclair Cinema SAS, in receivership given the performance of its activities in post-production and the restoration of cinematographic and audio-visual works. Éclair Cinema represented 5.5 percent of Ymagis Group’s revenue for the first half of 2018 and almost all losses recorded over this same period. In 2017, the subsidiary generated revenue totaling €12.4 million.