Tuesday 12th June 2018
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Vista Group has signed up French cinema chain Les Cinémas Pathé Gaumont for its cinema management software which will be rolled out in 69 sites.
Auckland-based Vista, which posted a 57 percent jump in profit last year, said the cinema unit of France's Pathé is taking up a full suite of its software including "Vista Cinema’s food & beverage functionality to operate their Starbucks coffee venues and other specialised food & beverage offerings, and the innovative offerings of digital signage, Vista app ‘InTouch’, film programming and analytics, among other applications." The rollout is scheduled for 2019, it said.
The company also agreed a deal to supply its cloud-based cinema management system Veezi to Pathé Gaumont's North African sites.
"We are excited to see how our products will contribute even more to Les Cinémas Pathé Gaumont’s efforts of pushing the boundaries of customer service and operational efficiency," Mischa Kay, managing director of Vista Entertainment Solutions, said in the statement.
The announcement to the NZX also cited Martine Odillard, chair of Pathé Gaumont, saying: “We are very confident in our choice to implement the Vista Cinema software solution. This milestone is key to go further in our strategy of upgrading and modernizing our cinemas.”
Vista said in February that full-year profit rose as more cinemas bought its products and sales growth ran ahead of costs. Vista is one of the biggest suppliers of cinema management, film distribution and customer analytics software products. Subsidiary companies provide software and applications to various film industry segments.
Vista Cinema, the largest member of the group, added almost 800 new cinemas in 2017, to the more than 5,550 already taking its software products. It also brought 11 new countries on board, including Brazil, Italy and Austria, taking total countries to 93, the company said in February.
The shares rose 0.3 percent to $361 and have gained 21 percent in the past 12 months, just ahead of the S&P/NZX 50 Index.
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