YMAGIS Group (ISIN:
FR0011471291 TICKER: MAGIS), the European specialist in digital technologies for
the cinema industry, today announced the acquisition of Berlin-based
CINE-LOGISTICS GmbH., one of Germany’s leading distribution services for movie
distribution companies and German-speaking cinema exhibitors. Under the terms
of the agreement, YMAGIS SA, through its wholly-owned subsidiary YMAGIS
Deutschland GmbH., becomes the sole shareholder in CINE-LOGISTICS GmbH.
“CINE-LOGISTICS
is a well-known and respected German services company that has been active in
the business for a decade now. Today’s successful conclusion of this agreement
marks a new milestone,”
said Jean
Mizrahi, President and CEO of YMAGIS Group. “We are strengthening our management structure in Germany with
CINE-LOGISTICS’ founders who will be instrumental in executing our strategic objective
of enhancing our market position in Germany. This operation will allow us to
not only to enlarge our scope of activities but also improve our profitability
in terms of content services. That will include the incorporation of innovative
solutions such as our trailer download platform Trailerloop and new services
such as movie tickets/vouchers and gifts services for moviegoers.”
“In
YMAGIS we have found a company that perfectly aligns with our focus on
excellence in logistics, technology and operational performance,”
said Knut Güntzel, CEO of CINE-LOGISTICS. “With their powerful capability to electronically deliver feature film
content and our popular trailer platform, we will be able to offer an
unprecedented range of services in Germany to meet today’s distributors’ and
exhibitors’ needs.”
“After
collaborating with CINE-LOGISTICS for nearly two years, it quickly became
obvious that a common structure will further enhance both companies’ success
stories,”
explained Michael Krauth, CEO of
YMAGIS Deutschland GmbH. “Through
this operation, we are now able to offer German-speaking distributors and
cinema exhibitors a unique portfolio of products and services ranging from post
production, localization, DCP mastering, and theatrical distribution services from
electronic content delivery to the storage and shipment of physical assets such
as advertising materials.”
Michael Krauth has been appointed co-CEO of
CINE-LOGISTICS and will manage the company alongside Knut Güntzel. Both report
to Christophe Lacroix, Senior VP, Content Services of YMAGIS Group. In 2015,
CINE-LOGISTICS recorded revenues of EUR 3.15 million (+30.2% over the prior
year). Based in Berlin, the company also operates a distribution center near
Berlin-Tempelhof airport. CINE-LOGISTICS’ 20 full-time employees have now
become part of the YMAGIS Group team.
CINE-LOGISTICS’ mission is to provide
distributors and the largest cinema chains with the electronic and physical
delivery of movie advertising materials, tickets, vouchers & gift cards and
concessions as well as trailers, feature film and advertising DCPs and KDMs to
cinema exhibitors. Via its distribution center, the company also preserves
content assets (storage and archiving) on behalf of rights holders, production
companies and film institutes, and stores no fewer than 20,000 physical items
for 6,500 different films.
