YMAGIS acquires Arqiva’s digital cinema delivery network
– YMAGIS strengthens its position in Europe and becomes the leader in digital delivery of cinema content in the United Kingdom and Ireland –
YMAGIS (ISIN: FR0011471291, mnemonic: MAGIS), the specialist in digital technologies for the cinema industry, has announced the acquisition of Arqiva’s digital cinema delivery network in Europe.
YMAGIS and Arqiva have reached an agreement on the acquisition of Arqiva’s network in the digital delivery of feature-films, trailers and advertising content to theatres. YMAGIS's subsidiary SMARTJOG YMAGIS Logistics will take over the satellite receivers installed and managed by Arqiva in around 750 connected theatres in more than 10 European countries, including 378 in the United Kingdom and Ireland as well as 137 in Italy, which will join its existing network of 1,964 connected theatres in 9 countries. With this acquisition, SMARTJOG YMAGIS Logistics will manage the largest digital cinema delivery network in the world.
Jean Mizrahi, YMAGIS CEO, said on this occasion: “The purchase of Arqiva assets makes it possible for SMARTJOG YMAGIS Logistics, already the number one European player in digital content logistics for the cinema industry, to gain a leading position in the United Kingdom and Ireland and a strong position in Italy – strategic regions for the Group’s development, and in which we were not yet present. The quality, the geographic coverage and the size of SMARTJOG YMAGIS Logistics network following the conclusion of this purchase sets us up de facto as the ideal partner for distributors, especially for those in search of a player who can offer an integrated global solution on a European scale. Our goal is to build a wide network of satellite and IP receivers throughout Europe in order to provide tailored solutions to film distributors and advertising agencies with the view to progressively reduce the cost of logistics for digital contents”
Barrie Woolston, Commercial Director of Satellite & Media at Arqiva added: “Arqiva launched its Digital Cinema network in 2008 pioneering the use of satellite to deliver content to cinema venues throughout the UK and Europe. YMAGIS were the ideal choice to continue Arqiva’s work, building the European network further for existing and new exhibitors. Arqiva still remains committed to the broadcast of live alternate content for our event cinema customers.“
The agreement signed with Arqiva allows YMAGIS to take over all Arqiva assets related to its digital cinema network including electronic delivery of digital copies and a managed service for exhibitors of live events. The assets acquired from Arqiva include:
- A network of 774 cinemas, mainly deployed in the United Kingdom, Italy and Spain, connected via satellite;
- Existing contracts with equipment suppliers, exhibitors and distributors in the areas where the network is deployed;
- The management and delivery platforms of DCPs (1) to the cinemas.
Arqiva will continue to operate the network on behalf of SMARTJOG YMAGIS Logistics during the six months following the acquisition, particularly ahead of technical enhancements that are already planned.
SMARTJOG YMAGIS LOGISTICS BUSINESS DEPLOYMENT ACCELERATION
This transaction makes it possible for SMARTJOG YMAGIS Logistics to speed up its business deployment and to complete its base of connected theatres. It gives YMAGIS a leading position in the United Kingdom and in Ireland and a strong presence in Italy – two strategic markets for the Group – in order to offer an integrated global solution to distributors for the delivery of their digital copies right across Europe.
Reinforced by this acquisition, the global logistics service for the delivery of digital copies offered by YMAGIS now covers more than 10 countries: France, the United Kingdom, Ireland, Spain, Portugal, Italy, Germany, Austria, Switzerland, Benelux.
SIGNIFICANT SYNERGIES TO COME
The acquisition of Arqiva assets will make it possible to quickly generate economies of scale, related to the relinquishment of one of the three satellite transponders operated by Arqiva and SMARTJOG YMAGIS Logistics. The price and financing terms related to the transaction were not disclosed.