“With this agreement, Barco confirms and strengthens its commitment to the global cinema industry,” said Barco. The company refers to the increasing age of lamp projects in cinemas worldwide, which is now focusing on the installation of new laser projectors.
From 2024, the Cinionic activities will be fully integrated into Barco’s Cinema business unit of the Entertainment division. Furthermore, it sounds like the strong bond with CFEC will be maintained: they will remain active in the Chinese market with their joint venture CFG Barco, which is 49 percent owned by Barco.