Paris (France)—Jan 13, 2017
Ymagis Group Concludes Acquisition of Italian Open Sky’s Theatrical Content Delivery Activities
Ymagis Group, the European specialist in
digital technologies for the cinema industry, today announced the conclusion of
its acquisition of OpenSky’s theatrical content delivery activities dedicated
to cinema exhibition (“OpenSky Cinema”) in accordance with the agreement signed
30 November 2016.
All related business assets
have been incorporated into a new entity named Open Sky Cinema SRL (Vicenza),
which oversees the Ymagis Group’s portfolio of content services activities in
Italy.
Created in 2006, Open Sky
SRL’s cinema business unit successfully oversaw the first live event
transmissions to Italian cinemas in 2008. Two years later, they initiated the
first electronic DCP deliveries. A pioneer in digital services for exhibitors,
Open Sky Cinema today boasts a network of 650 connected cinema sites in
Italy and delivers 400 feature-length films per year.
“We are
delighted to have successfully concluded this agreement, which marks a
milestone in the development of our business activities in Italy, and
particularly in terms of theatrical content delivery,” said Jean Mizrahi,
founder, chairman and CEO of Ymagis Group. “With
our unique European satellite platform and dynamic & reactive local teams,
we will be able to use our combined synergies to reach our profitability
objectives in this activity.”
