Ymagis Group Completes OpenSky Acquisition

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Fri, 01/13/2017 - 13:01 -- Nick Dager

Ymagis Group 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 November 30, 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 digital cinema package 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 and reactive local teams, we will be able to use our combined synergies to reach our profitability objectives in this activity.”

Ymagis Group http://www.ymagis.com