Fandango To Buy, Online Ticket Sites Merge

Two of the major online movie tickets companies are merging — NBCUniversal-owned Fandango is acquiring Terms of the deal were not disclosed.

Fandango’s site provides ticketing to more than 33,000 screens worldwide; has deals with theaters representing over 29,000.

There is overlap between the two companies. Both sell tickets to AMC and Regal theaters. Reports suggest the deal will increase Fandango’s global screen count by around 20%, to 40,000.

MovieTickets will expand Fandango to include theater exhibitors, such as National Amusements, Cineplex, Landmark Theatres and Marquee Cinemas, and some independent theater chains.

Fandango’s site provides movie trailers and original video content and home entertainment. Last year, Fandango acquired Rotten Tomatoes and Flixster from Warner Bros. It already has a VOD movie service called FandangoNow.

In addition, Fandango will expand its business in Latin America. Earlier this year, Fandango announced a new global brand strategy for the region. Fandango will also have a ticketing presence in Canada and the U.K.

Fandango says it reaches more than 67 million unique visitors per month globally, with 210 million app downloads in the U.S. and South America.



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