Liège (Belgium) and Vienna (Austria) – 18 June 2019 / CinemaNext, the European specialist in cinema exhibitor services (Ymagis – ISIN: FR0011471291, MAGIS, PEA-PME eligible) and Austrian cinema circuit Cineplexx (Cineplexx Kinobetriebe GmbH) today announced the signing of an agreement for the sale and installation of a minimum of 150 laser projectors over the next two years. The announcement is made in conjunction with this week’s CineEurope, the annual convention of the International Union of Cinemas, representing exhibitors and their national associations in 37 markets.
The alliance between CinemaNext Austria GmbH and Cineplexx, Austria’s leading cinema circuit,consists of the replacement of the first generation of “Series 1" digital projectors installed in existing cinemas (131 screens) between 2008 and 2009 as well as the circuit’s new builds, for a total of more than 150 screens at Cineplexx locations in Austria and Southeastern Europe. The installations by CinemaNext’s technicians will take place between July 2019 and the end of the year 2021.
“We’ve enjoyed a lengthy partnership with CinemaNext & their operations teams in Vienna and we are very excited to be undertaking this important renewal project for our company,” explains Christian Langhammer, Owner and Managing Director of Austria’s Cineplexx Kinobetriebe GmbH (Constantin Film Group). “Supplied by Cinionic, the latest-generation Barco laser phosphor and RGB projectors significantly improve image resolution and operational performance. At a time when moviegoers are increasingly discerning, it is and always has been part of our strategy to further elevate the image quality in our cinemas to provide our audiences with the best moviegoing experience.”
For Matthew Jones, General Manager of CinemaNext in Europe, “It’s an important milestone for our company with such an innovative and key player in the European film industry as Cineplexx which underlines the competitiveness and quality of services provided by our sales teams, engineers and field technicians. It also marks the start of a new phase of equipment renewal with the replacement of the first generation of digital projectors installed in Europe between 2007 and 2013. The deal with Cineplexx, which consists primarily of equipment distribution, installation and maintenance, represents anticipated revenues of over EUR 9 million for CinemaNext over the next two years.”
“We are thrilled to be working with our long-time cinema partner and new technologies pioneer Cineplexx on the deployment of next-generation digital projection technology,” explains Christof Federle, Managing Director of CinemaNext Austria GmbH. “It’s a unique opportunity to introduce next-generation and ground-breaking image technology to moviegoers and offer them exceptional image quality in a comfortable environment while moving toward lower operating costs.”