The acquisition of dcinex by Ymagis has finally been approved by shareholders. This is the single largest and most important digital cinema consolidation in Europe as dcinex/Ymagis is without a pan-European competitor of similar size, facing instead competition on the national levels. From the translated French-only press release.
“We are convinced that the combination between dcinex Ymagis and will in the short term, create synergies creating value for all shareholders Ymagis” says Bart Diels, outgoing Chairman of the Board of Directors and Partner of dcinex GIMV (1).
Creation of the European leader in digital technology for the film industry
With the acquisition of dcinex, Ymagis performs an operation that will create a European leader in the provision of financial services and technology to the film industry.
Following this acquisition, Ymagis becomes:
The financier No. 1 Park cinemas in Europe deployed VPF contract with nearly 5800 auditoriums in 14 European countries;
The European leader in the sale and installation of cinema equipment operators with a share estimated at 20% of the European market;
Operator No. 1 st European network routing dematerialized content, with more than 3200 theaters in 15 countries connected in Europe;
Technical partner No. 1 Park cinemas in Europe as outsourcing and maintenance contract with nearly 7200 screens (about 36 000) under contract in 21 countries. LINK
Dolby – Quarterly earnings from Dolby show revenue at USD $227 million, which was slightly above their own projections and full year-on-year revenue is up 6%. Licensing revenue outweighs product and services revenue by more than 11:1 (USD $208.9 million to $18.1 million), so don’t be surprised that Atmos was not the first thing discussed in the earnings conference call (transcript courtesy of SeekingAlpha). They do say that “The amount of revenue we get from the Doremi acquisition in Q1 will depend on the actual timing of the close,” which is still pending approval in Brussels.
Turning to cinema. We’ve seen tremendous growth with Dolby Atmos, increasing our screens by 150% this year to over 750 screens committed globally. Providing content to these screens is a key focus, and we now have more than 200 titles released or announced in Dolby Atmos; which includes content from all of the major studios. 14 of the 15 highest grossing titles in 2014 were in Dolby Atmos and we have a strong slate for the rest of the year, including The Hunger Games: Mockingjay and The Hobbit: The Battle of the Five Armies. LINK