Paris, France—Oct 6, 2008
Universal Pictures International to Support Ymagis Digital Cinema Roll-Out in Europe
Ymagis, the European digital cinema services provider based in Paris, announced today that Universal Pictures will provide movies to theaters equipped by Ymagis and will pay digital print fees under a long-term agreement similar to those signed by Paramount, Disney and Fox.
Ymagis started its roll-out activity in July after the signature of its first contracts with distributors, and has so far signed contracts with exhibitors for a total of 29 screens in France. Ymagis expects to announce agreements with other studios and European distributors in the coming weeks, as well as agreements with several exhibitors.
Duncan Clark, Executive Vice President, Universal Pictures International commented: “At Universal, we are committed to the growth of digital cinema, the future of our industry. We therefore warmly support Ymagis and its efforts to expand the digital platform for our movies. Our audiences will reap the rewards of the continued enhancement of the theatrical experience.”
Jean Mizrahi, CEO of Ymagis, said: “We are delighted to conclude this agreement with Universal Pictures, a major player in the distribution industry and an important provider of digital movies in Europe. This agreement is another step in our effort to help all kinds of exhibitors in Europe convert to digital. We look forward to support from more distributors and exhibitors in the very near future.”