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Author
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Topic: changes at Kinoton
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Carsten Kurz
Film God
Posts: 4340
From: Cologne, NRW, Germany
Registered: Aug 2009
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posted 03-31-2014 05:51 AM
http://www.kinoton.de/fileadmin/user_upload/Dateien/News/Pressemitteilungen/kinoton-pr_Liquidation_EN.pdf
'Press Release
www.kinoton.com
Kinoton GmbH
Industriestraße 20a
82110 Germering
Germany
March 31, 2014
We, the shareholders of Kinoton GmbH, have decided to dissolve the company and end its business operations with effect on March 31, 2014.
The decision was not an easy one for us. For more than 65 years, Kinoton GmbH and its employees have stood for excellence in developing innovative cinema equipment and providing first-class, speedy service to our customers and business partners.
The progressive digitization of the film and cinema industry has radically changed the market, however. Kinoton GmbH’s existing business model, as an innovative developer of first-class products and vertically highly integrated manufacturer, especially where mechanical production is concerned, isn’t appropriate to the new market conditions. The coming challenges of the digital age call for new concepts and ideas that focus on software and services.
With Kinoton Cine Perfect and the Kinoton Remote Service, we have built a good foundation for a new, forward-looking model.
The Kinoton brand will live on in a new form and as a new company. We are very happy to know that highly experienced staff of Kinoton GmbH will continue to work in product sales, consultancy, and maintenance and service under the banner of the new company, “Kinoton Digital Solutions GmbH”. They will seamlessly ensure continued professional support for our customers and the good, universally available service for products supplied by Kinoton GmbH that they have come to appreciate. You’ll find more information on Kinoton Digital Solutions GmbH at www.kinoton.eu.
Kinoton GmbH will of course fully meet all of its obligations to employees, customers, suppliers, and business partners.'
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Carsten Kurz
Film God
Posts: 4340
From: Cologne, NRW, Germany
Registered: Aug 2009
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posted 04-01-2014 09:18 AM
While the previous Kinoton company will continue operation for another year, the major operational intention is to properly liquidate the company. That will mean, you will get parts, etc., but they will not continue production. As major mechanical parts of Kinoton digital projectors are also manufactured in house, I assume that there will also be no more Kinoton digital projectors. Which, in my opinion is not a big deal, as the core of these machines incl. all major replacement parts is Barco. What's not so nice is that all local offices of Kinoton will be closed and current staff has received their termination papers. Formally, they are not just changing the name, but close one company and liquidate all assets, while building a new service company. The former executives of Kinoton will not be part of the new company.
- Carsten
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Martin McCaffery
Film God
Posts: 2481
From: Montgomery, AL
Registered: Jun 99
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posted 04-01-2014 06:11 PM
According to Chapin Cutler at Boston Light & Sound:
quote:
At the time, we had a huge inventory of parts to support our operations. We have continued to have that inventory to this very day. We had a larger inventory than Kinoton America with a great deal of depth for the AA II / DP 70/ Todd A-O projector as well as the "E" line of machines.
Last summer, Kinoton GMBH decided to close their American operation. We acquired their entire inventory of parts when that happened.
Over the years, we have periodically manufactured parts for the AA II, including gears, shafts, and the like, and continue to do so. Others have done likewise.
So, the moral of my tail is that we continue to stock parts, some in great depth. We know which parts to a degree are available from OEM vendors and can still acquire those items. Where it makes sense, we will probably go into the limited manufacture of wear items. We have picked up used gear and some equipment for parts.
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