A consolidation within the advance film ticketing house is going down these days, with Fandango’s announcement that it’s acquiring rival MovieTickets.com for an undisclosed sum. The deal, which is anticipated to near prior to year-end, will assist Fandango extend its world footprint, in particular in Latin America, in addition to deliver new cinemas to its ticketing platform.
Headquartered in Boca Raton, Florida, MovieTickets.com these days serves moviegoers within the U.S., Canada, the U.Okay. and Latin America. That method along with serving to Fandango acquire extra flooring in Latin America — in particular in well-liked movie-going nations Argentina and Mexico, Fandango says — the purchase 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 saying a brand new emblem technique for the area. This incorporated new online and cellular ticketing locations at Ingresso.com in Brazil, and Fandango Latin America (up to now referred to as Cinepapaya) in different Latin American nations, together with Peru, Colombia, Argentina, Mexico, Chile, Ecuador and Bolivia.
Fandango says that MovieTickets.com will proceed to perform from its HQ in Florida after the purchase completes.
Beyond the regional growth advantages bobbing up from the deal, MovieTickets.com may even deliver new cinemas to Fandango’s community, together with National Amusements, Cineplex, Landmark Theatres, Marquee Cinemas and a number of other impartial theater chains. Prior to the purchase, Fandango already had partnerships with over 80 p.c of the U.S.’s theater chains with online ticketing features.
MovieTickets.com isn’t Fandango’s simplest fresh acquisition excited about world growth and broadening its provider. In 2016, Fandango purchased Flixster and Rotten Tomatoes from Warner Bros. Entertainment, giving it the facility to assist customers be told extra about motion pictures and browse critiques.
Fandango additionally final 12 months purchased film streaming provider M-GO from joint homeowners Dreamworks Animation and Technicolor, which it later rebranded FandangoNOW. That provider now gives hundreds of films and TV displays for hire or acquire.
Other acquisitions come with Brazil ticketer Ingresso.com and Peru’s Cinepapaya, referenced above.
With the addition of MovieTickets.com, Fandango’s suite of apps will achieve “hundreds of millions” of moviegoers international, the corporate claims.
“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 theater circuits large and small for nearly two decades,” stated Fandango President Paul Yanover, in a remark. “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.”
The deal is anticipated to near in This autumn 2017.