Italy’s L’Immagine Ritrovata Expected to Take Over France’s Eclair Cinema

  • Variety
Lyon, France — Leading Italian restoration company L’Immagine Ritrovata’s acquisition of renowned film lab Eclair Cinéma, announced last month, is expected to be approved by the French Commercial Court of Nanterre, according to a source familiar with the deal.

‘Immagine Ritrovata’s French subsidiary, L’Image Retrouvée, last month signed a binding letter with Paris-based Ymagis Group, a key European player in digital technologies for the film industry, to take over Eclair Cinema, a subsidiary of the group’s Eclair business unit that oversaw post production and restoration activities in France before being placed in receivership in 2018.

Eclair Cinema has since undergone major restructuring and is now focused solely on content restoration, an area of expertise in which it is a leader in France, boasting more than 750 feature film restorations. The subsidiary generated €2.32 million ($2.55 million) in revenue from its core restoration business in the first half of 2019.

The agreement is
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