Ymagis Bids to Acquire Éclair Group Currently in Insolvency

Ymagis Bids to Acquire Éclair Group Currently in Insolvency
Press Release

Paris (France), July 14, 2015 - Ymagis Group (ISIN: FR0011471291, TICKER: MAGIS), the European specialist in digital technologies for the cinema industry, today announced it placed an offer for the acquisition of Éclair Group with the latter’s legal representative, Maître Hélène Bourboulous. Éclair Group filed for bankruptcy protection on June 18, 2015. With various other entities having placed offers, there is currently no indication that Ymagis Group’s buyout offer will be accepted.


Éclair Group is a French company specializing in services for film and television content providers (producers and distributors). Founded in 1907, Éclair is one of the oldest organizations in the media sector. With operations primarily in France, the Group also has subsidiaries in Germany and Morocco. It is currently organized into four divisions reflecting its core activities: distribution, film restoration/heritage, post-production and adaptation services (voice-over and dubbing). Its consolidated revenues (French GAAP) for 2014 were between 35 and 40 million euros.


Founded in 2007 and managed by professionals from cinema and high-tech industries, YMAGIS (www.ymagis.com) is specialized in services for digital cinema. YMAGIS provides services to producers, distributors of movies and alternative content, advertising sales agencies and cinema exhibitors, to ensure a smooth transition of their operations from 35-mm to digital, while keeping costs under control and producing the best possible mix in terms of creativity, marketing and financing. YMAGIS’ offer covers three main business areas: the management of VPF(1), services to exhibitors (“Exhibitor Services”) and services to producers / distributors (“Content Services”). The services to exhibitors cover sale and installation of equipment for cinemas, maintenance and online support services for digital projection equipment, sale and leasing of 3D glasses, while the services to producers and distributors cover post-production of content as well as preparation and distribution of digital content. YMAGIS’ digital laboratories deliver thousands of DCPs(2) and other digital contents to cinemas each week on behalf of its distributor and advertising sales agency clients. During the 2014 fiscal year, the Group generated consolidated revenue of €84.6 million, an increase of 78.8% compared with 2013, including dcinex’s results beginning October 1, 2014. The consolidated pro forma (3) full year 2014 revenue stand at €150.4 million compared to €139.0 million in 2013 (+8.2%).

  1. VPF or Virtual Print Fee: Fee paid to YMAGIS Group by the supplier of digital content, mainly the distributors of feature-length films, in order to allow the projection of its content in a theater under VPF contract with YMAGIS Group, regardless of the equipment financing model chosen by both parties (Third Party Investors – financing carried out by YMAGIS Group - or Third-party Collector – financing carried out by the exhibitor). The VPF collection makes it possible to cover a significant part of the financing of digital projection equipment, the balance being supported by the exhibitors under contract with YMAGIS Group.
  2. DCP: Digital Cinema Package - group of digital files comprising feature-length films, trailers and commercials, or any other content shown via a digital projector.
  3. Pro-forma revenues are based as if dcinex acquisition was carried out as of January 1, 2013
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