CinemaNext, the European
specialist in cinema exhibitor services (Ymagis – ISIN: FR0011471291, MAGIS,
PEA-PME eligible), and French cinema circuit Megarama today announced a large-scale agreement for the sale and
installation of a minimum of 110 state-of-the-art Barco Laser projectors at 15
of the circuit’s current sites and upcoming new cinema builds through 2021. Per
the agreement, CinemaNext will oversee the replacement of “Series 1” digital
projectors in all Megarama-branded cinemas located in France, Spain and
Morocco.
“We’ve enjoyed a lengthy partnership with
CinemaNext and are very excited to be undertaking this important renewal
project with their skilled teams,” explains Jean-Pierre Lemoine, President and
CEO of Megarama Group. “As we continue to invest in the modernization of our
cinema equipment, we will roll out over 110 Barco Laser projectors over the
next two years. At a time when moviegoers are increasingly discerning, it is
part of our strategy to further elevate the image quality in our cinemas to
provide our audiences with the best moviegoing experience.”
For
Georges Garic, Senior Vice President of CinemaNext, “Over the years, we have
witnessed the fast-growing success of Megarama, which is now a prominent EMEA cinema
exhibitor - the 5th largest operator in France and the first in
Morocco in terms of ticket sales. It’s a great honor for us to work with Jean-Pierre
Lemoine and his Chief Operating Officer, Joseph Vacrin, on modernizing their facilities
to offer consumers a premium experience and significantly lower operating costs.
This deal, which
consists primarily of equipment distribution, installation and maintenance, represents
anticipated revenues for CinemaNext of over EUR 10 million over the next two years.”
“We are thrilled to be working with our longtime
cinema partner Megarama on the deployment of next-generation digital projection
technology,” explains Olivier Douet, CinemaNext Sales Director (France) and
Country Manager for Switzerland. “With many Series 1 projectors nearing the end
of their expected lifetimes, this provides a tremendous opportunity for exhibitors
to enhance their offer with visually-spectacular screenings while moving toward
more cost-efficient and environmentally-friendly operations.”
“This long-term agreement clearly shows
Megarama’s confidence in Barco Laser”, says Serge Plasch, Chief Commercial
Officer at Cinionic, the Barco, CGS, and ALPD cinema joint venture. “Besides
the installation of our current Smart Laser projector range, Megarama will also
be an early adopter of our brand-new Barco Series 4 platform. We’re delighted
that our future-proof technology plays a key role in this leading exhibitor’s
growth strategy.”
With offices in 27 countries and over 13,000 screens
installed globally to date, CinemaNext is the largest cinema exhibition
services company in EMEA. It provides smart, comprehensive solutions across the
board: projection equipment, audio systems, Sphera premium cinema concept, VR
activities, Onyx Cinema LED, central systems, cinema outfitting and seating,
content management, 3D projection systems & glasses, TMS, digital signage
and screens. Clients enjoy the highest level of reliability and lowest cost of
ownership through our various services: consulting, design & project
management, equipment sales and financing, installation, maintenance, support
(NOC), online monitoring, spare and consumables, service agreements and supply
chain & logistics.
