Magazine article Screen International

Ymagis Group Sees Earnings Rise despite Continued VPF Decline

Magazine article Screen International

Ymagis Group Sees Earnings Rise despite Continued VPF Decline

Article excerpt

Company posts revenues of [Euro]179.6m, up 0.8% on the previous year.

Ymagis Group, the European cinema technologies specialist, reported a small rise in revenues for the year 2017, despite the ongoing decrease in the company’s VPF activities.

The Virtual Print Fee (VPF) is a subsidy paid by distributors towards the digitising of cinemas. Third parties such as Ymagis provide the up-to-date equipment and then recoup the costs over time. With digitisation now widespread across Europe, VPF revenues are winding down. In 2017, Ymagis saw its VPF activities bring [Euro]61. …

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