A consolidation within the strengthen film ticketing area is occurring these days, with Fandango’s announcement that it’s acquiring rival MovieTickets.com for an undisclosed sum. The deal, which is expected to close before 12 months-conclusion, will support Fandango extend its international footprint, principally in Latin america, in addition to carry new cinemas to its ticketing platform.
Headquartered in Boca Raton, Florida, MovieTickets.com nowadays serves moviegoers in the U.S., Canada, the U.k. and Latin the usa. That skill besides helping Fandango benefit extra ground in Latin the us — certainly in accepted film-going nations Argentina and Mexico, Fandango says — the acquisition will allow Fandango to set up a presence in both Canada and the U.k. for the primary time.
The deal follows different efforts Fandango had underway in Latin the united states, after saying a brand new company strategy for the region. This covered new on-line and cell ticketing locations at Ingresso.com in Brazil, and Fandango Latin america (prior to now referred to as Cinepapaya) in a couple of Latin American countries, including Peru, Colombia, Argentina, Mexico, Chile, Ecuador and Bolivia.
Fandango says that MovieTickets.com will continue to function from its HQ in Florida after the acquisition completes.
beyond the regional growth advantages coming up from the deal, MovieTickets.com will also convey new cinemas to Fandango’s community, including national Amusements, Cineplex, Landmark Theatres, Marquee Cinemas and several unbiased theater chains. previous to the acquisition, Fandango already had partnerships with over 80 % of the U.S.’s theater chains with on-line ticketing capabilities.
MovieTickets.com isn’t Fandango’s handiest recent acquisition concentrated on international expansion and broadening its carrier. In 2016, Fandango purchased Flixster and Rotten Tomatoes from Warner Bros. entertainment, giving it the capacity to assist clients gain knowledge of extra about movies and browse reviews.
Fandango also final yr bought movie streaming provider M-GO from joint homeowners Dreamworks Animation and Technicolor, which it later rebranded FandangoNOW. That carrier now offers heaps of movies and television shows for hire or buy.
other acquisitions include Brazil ticketer Ingresso.com and Peru’s Cinepapaya, referenced above.
With the addition of MovieTickets.com, Fandango’s suite of apps will reach “a whole lot of hundreds of thousands” of moviegoers worldwide, the company claims.
“MovieTickets.com has accomplished a very good job, constructing a favored and trusted manufacturer with tens of millions of loyal valued clientele and lots of of exhibitors, and has been a champion of serving theater circuits tremendous and small for basically two a long time,” observed Fandango President Paul Yanover, in an announcement. “We seem to be forward to sharing an array of cellular and social media improvements with their customer base to increase the movie discovery, planning and ticket buying adventure.”
The deal is anticipated to shut in q4 2017.
Featured photo: Mikael Damkier/Shutterstock (image HAS BEEN MODIFIED)
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