Fandango to acquire MovieTickets.com
Fandango, a leading digital network for movie fans, has signed a definitive agreement to acquire MovieTickets.com, a popular online movie ticketer serving moviegoers in the United States, Canada, the United Kingdom and Latin America.
MovieTickets.com will join brands Fandango, Flixster, Ingresso and Fandango Latin America to create a suite of movie ticketing properties serving hundreds of millions of moviegoers worldwide. The deal is subject to customary closing conditions and is anticipated to close in Q4 2017.
The addition of MovieTickets.com will further Fandango’s goal of full national coverage, enabling moviegoers to purchase advance tickets to their favorite local theatres anytime, anywhere and on any device. Once completed, the acquisition will bring to Fandango’s ticketing network new exhibitors including National Amusements, Cineplex, Landmark Theatres and Marquee Cinemas, as well as many independent theatre chains.It will also expand the company’s footprint in Latin America, and establish a ticketing presence in Canada and the United Kingdom for the first time. After the acquisition is complete, MovieTickets.com will continue to operate from its headquarters in Boca Raton, Florida.
“MovieTickets.com has done a terrific job, building a popular and trusted brand with millions of loyal customers and hundreds of exhibitors, and has been a champion of serving theatre circuits large and small for nearly two decades,” said Fandango president Paul Yanover. “We look forward to sharing an array of mobile and social-media innovations with their customer base to enhance the movie discovery, planning and ticket-buying experience.”
Fandango continues to pioneer new movie discovery and ticketing experiences for leading mobile, social, AI bot and voice-recognition platforms with partners including Apple, Google, Facebook and Amazon. The company has also incorporated leading digital payment platforms into its ticketing service, including Apple Pay, Android Pay, PayPal, Visa Checkout and Masterpass, enabling ticket purchases via debit and credit cards with just one touch. Fandango also offers PayPal split pay, making it easier to split the bill for tickets with multiple friends.
“MovieTickets.com is committed to serving moviegoers and exhibitors to enhance the total moviegoing experience,” said MovieTickets.com CEO Joel Cohen. “Teaming with Fandango will enable MovieTickets.com to further its mission and increase advance ticket sales.”