Multi-Year Renewal Solidifies Fandango's Long-Term Partnership With One of the World's Leading Motion Picture Exhibitors
LAS VEGAS/CINEMACON - March 24, 2014 - Fandango, the nation's leading moviegoer destination, announced today it has signed a multi-year contract extension with Cinemark USA, Inc., one of the world's leading theater circuits, to serve as the exclusive third-party online and mobile ticketing partner for Cinemark's 4,400 U.S. screens. The renewal solidifies Fandango's position as the nation's top online and mobile movie ticket seller, serving 22,000 screens across the country - nearly 80 percent of theaters in the U.S. with advance online ticketing capabilities.
"Together with Cinemark we've been able to provide millions of movie fans across the country with the latest moviegoer conveniences, including mobile ticketing," says Paul Yanover, President of Fandango. "We look forward to many more years of shared success, working together to innovate and enhance the moviegoing experience for Cinemark's guests."
"Our partnership with Fandango has been a success from the start," says Tim Warner, Chief Executive Officer of Cinemark. "We have worked closely with Fandango for many years and they've been a great partner, helping us deliver many conveniences to our guests."
Cinemark has rolled out Fandango's Mobile Ticket option at more than 4,000 of its U.S. screens. It has proven to be a valued convenience to Cinemark moviegoers looking to save time and paper, by enabling their phones to be scanned by theater ticket-takers.
Fandango is coming off a record-breaking year in 2013, with record-high ticket sales, web and mobile traffic, and app downloads. The rapid growth was propelled by a dramatic 57% increase in mobile ticket sales. In addition, as Fandango has become an everyday convenience and go-to movie experience for consumers, the company's ticket sales post-opening weekend have increased by 15% year-over-year and now represent almost half of Fandango's total ticket sales.
Fandango, the nation's leading moviegoer destination, sells tickets to 22,000 screens nationwide. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance. For many theaters, fans can print their tickets at home or receive them as a paperless Mobile Ticket on their smartphones. Fandango's top-ranking movie ticketing apps, with 39 million downloads, are available on the iPhone and iPad, Android, and many other platforms. Fandango is enjoyed by more than 30 million online and mobile visitors each month, according to comScore. Film fans also find Fandango on Facebook atwww.facebook.com/fandango and on Twitter @Fandango.
About Cinemark USA, Inc.
Cinemark is a leading domestic and international motion picture exhibitor, operating 482 theatres with 5,563 screens in 40 U.S. states, Brazil, Argentina and 10 other Latin American countries as of December 31, 2013. For more information, go to investors.cinemark.com .