A consolidation within the advance film ticketing area is going on immediately, with Fandango’s announcement that it’s buying rival MovieTickets.com for an undisclosed sum. The deal, which is predicted to shut earlier than year-end, will assist Fandango develop its worldwide footprint, notably in Latin America, in addition to carry new cinemas to its ticketing platform.
Headquartered in Boca Raton, Florida, MovieTickets.com immediately serves moviegoers within the U.S., Canada, the U.Okay. and Latin America. Meaning along with serving to Fandango acquire extra floor in Latin America – notably in common moviegoing nations Argentina and Mexico, Fandango says – the acquisition will permit Fandango to determine a presence in each Canada and the U.Okay. for the primary time.
The deal follows different efforts Fandango had underway in Latin America, after asserting a brand new model technique for the area. This included new on-line and cellular ticketing locations at Ingresso.com in Brazil, and Fandango Latin America (www.Fandango.lat, beforehand often known as Cinepapaya) in a number of Latin American nations, together with Peru, Colombia, Argentina, Mexico, Chile, Ecuador and Bolivia.
Fandango says that MovieTickets.com will proceed to function from its HQ in Florida after the acquisition completes.
Past the regional enlargement advantages arising from the deal, MovieTickets.com may also carry new cinemas to Fandango’s community, together with Nationwide Amusements, Cineplex, Landmark Theatres, Marquee Cinemas, and several other impartial 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 solely latest acquisition targeted on worldwide enlargement and broadening its service. In 2016, Fandango purchased Flixster and Rotten Tomatoes from Warner Bros. Leisure, giving it the power to assist customers study extra about motion pictures and browse critiques.
Fandango additionally final 12 months purchased film streaming service M-GO from joint homeowners Dreamworks Animation and Technicolor, which it later rebranded FandangoNOW. That service now provides 1000’s of films and TV reveals for lease or buy.
Different acquisitions embody Brazil ticketer Ingresso.com and Peru’s Cinepapaya, referenced above.
With the addition of MovieTickets.com, Fandango’s suite of apps will attain “a whole lot of tens of millions” of moviegoers worldwide, the corporate claims.
“MovieTickets.com has accomplished a terrific job, constructing a well-liked and trusted model with tens of millions of loyal clients and a whole lot of exhibitors, and has been a champion of serving theater circuits massive and small for almost 20 years,” mentioned Fandango President Paul Yanover, in a assertion. “We stay up for sharing an array of cellular and social media improvements with their buyer base to boost the film discovery, planning and ticket shopping for expertise.”
The deal is predicted to shut in This autumn 2017.