Welcome!

Mobile IoT Authors: Liz McMillan, Zakia Bouachraoui, Yeshim Deniz, Elizabeth White, Pat Romanski

Blog Feed Post

Movie chain picks up Canadian DOOH network

I had heard some rumblings that a deal was in the works for Calgary-based Onsite Media Network, and was told I would be surprised by the suitor.

It's out there now, and yup, I'm surprised.

Digital Signage Universe has relayed a news release about the company, which has screens in sports arenas in Canada as well as in the Toronto and Calgary public walkway systems, has been acquired by the group that runs the Cinplex moviehouse chain across Canada.

Cineplex announced today it has signed a binding agreement with Onsite Media Network Inc. ("Onsite") pursuant to which Cineplex would acquire all of the issued and outstanding shares of Onsite through a shareholder-approved Plan of Arrangement (the "Arrangement"). Onsite is an Alberta-based digital signage network company that broadcasts advertising and custom content to premium office towers and sports stadiums across Canada. The total transaction value is approximately $1.7 million. 

The Arrangement is conditional on Onsite shareholder approval as well as upon the usual and customary regulatory conditions and the approval by the Court of Queen's Bench of Alberta. Cineplex has signed voting agreements with Onsite shareholders representing approximately 67% of the total number of shares outstanding.

The Onsite network includes a Sports Stadium Network with 1,000 screens located at GM Place (Vancouver), Pengrowth Saddledome (Calgary), Rexall Place (Edmonton) and Scotiabank Place (Ottawa) as well as the Office Tower Network which features approximately 200 screens located in public concourses and food courts throughout 22 Brookfield Property Management Ltd. office towers. These marquee office properties in Toronto's vibrant PATH system include, among others, First Canadian Place, TSX Exchange Tower, Brookfield Place (formerly BCE Place), and Hudson's Bay Centre at Bloor and Yonge, and in Calgary at Banker's Hall, Royal Bank Building, 5th Avenue Place, and coming soon to Petro Canada Centre. Additional network locations are in Place DeVille I and II in Ottawa. The Onsite network will add more than 120 million annual impressions to the current Cineplex Media offerings.

"Adding Onsite enables us to expand our advertising reach beyond our theatres and into some of Canada's premier, high-traffic facilities. Through Cineplex Media, we already have the content, the sales force and the business relationships in place. This acquisition extends our reach further to new audiences in office towers and stadiums," said Ellis Jacob, President and CEO, Cineplex Entertainment. The Arrangement is expected to close on or about April 30, 2009.

These guys were clients until recently. Very nice people. very well organized. But like a lot of people in this space, and in media in general, challenged by generating ad revenues in a wobbly economy.

I was the guy, along with my buddy Kevin O'Shaughnessy, who started the whole screens in public concourses thing as Concourse Media, so it is interesting to see how this has played out as other companies have followed and/or taken over. We always figured a much larger media company would take us out, but we were in waaay too early.

The more educated guess for a buyer would have been an outdoor company, but I know most of those guys have been having less than stellar results lately, while the movie ad business and movies in general are doing pretty well by comparison.  

Hopefully, this is very positive for all involved and I wish Dave, Remo, Ian and the other guys at Onsite all the best.    

Read the original blog entry...

More Stories By Dave Haynes

Dave Haynes is one of the most seasoned professionals in the still young digital signage industry, with deep experience in everything from business development and sales to technical operations, product development and start-up strategy and fundraising. These days he is extensively working on business development and consulting for an industry big on enthusiasm but still a lot short of experience and know-how.

IoT & Smart Cities Stories
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...
Artificial intelligence, machine learning, neural networks. We're in the midst of a wave of excitement around AI such as hasn't been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. This time is (mostly) different. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Pattern recognition can equal or exceed the ability of human experts in some domains. It's devel...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...