…Creating Global Suite of Movie Ticketing Properties With Mission Of Getting More Moviegoers Into Theaters Worldwide.
PRESS RELEASE
LOS ANGELES and BOCA RATON, Fla., Oct. 13, 2017 /PRNewswire/ — Fandango, a leading digital network for all things movies, announced today it 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, ensuring that moviegoers can purchase advance tickets to their favorite local theaters 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 theater 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 theater 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.”
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