News

EVS Spin-out XDC raises 9 millions Euros to deploy the first European digital cinema network!
December 16, 2004

XDC S.A., the 60% spin-out of EVS Broadcast Equipment, has increased yesterday its capital by € 9,000,000 with 10 new partners from Belgium, France and Luxembourg who will have a 40% holding in the company when the operation is completed.

XDC aims to digitise 500 cinema screens over the next two years to create the first European digital cinema network. Europe has more than 30,000 screens and XDC is positioning itself as a third party investor between distributors and exhibitors, controlling the digital technology which has made EVS successful.

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XDC is also working in partnership with several European companies on this project. These include: Studio l’Equipe, Cast4All, UCL… (Belgium), Astra, BCE (Luxembourg), Denmark (VLL), Mikrom, FTT… (Germany), Filmteknik, Display It, Public Entertainment (Sweden), MarinaStudios, Elsacom (Italy), CST, AFNOR, Digimage (France), Bell Theater Services and British Telecom (UK). XDC has also developed some preferred business relationships in the US and in Asia.

Laurent Minguet, CEO of XDC: "The new financial resources we have now will enable XDC to become a leader for services in the digital cinema industry. XDC's aim is to become a trusted partner for distributors and exhibitors."

For the full copy of the press release, please go to XDC