Comcast's Fandango grabs Peruvian online movie ticketer

Comcast Corp.'s Fandango online movie ticketer has purchased South America's online Cinepapaya, expanding into Mexico, Argentina, Colombia, Chile, Ecuador, Bolivia, and Peru.

Terms were not disclosed. Fandango noted that the Latin American box office has grown by 31 percent since 2011, to $3.4 billion in sales in 2015.

Last year, Los Angeles-based Fandango purchased the largest online movie ticketer in Brazil,

Paul Yanover, Fandango president, said Thursday that the Comcast subsidiary has "become a significant player in online movie ticketing in South America," an area he called "one of the highest-growth box office regions in the world." Of Lima-based Cinepapaya, he said: "It's much more than Peru." 

Yanover said he viewed Cinepapaya as a start-up that has "gone from an idea to a real live product." He first came into contact with Cinepapaya managers in 2015 at the movie-theater trade show in Las Vegas called CinemaCon, then asked about the service on a vacation with his family to Peru. 

Among those Yanover asked about the Peruvian firm was a food-tour guide, he said,  and "what she described to me was how someone would describe Fandango in the United States."

The largest online movie ticketer in the United States, Fandango says its U.S. business is up 40 percent this year. It does not provide revenue figures. More than 70 percent of online tickets are sold on smartphones, the company says. 

Under Yanover, Fandango has rapidly expanded its business with acquisitions and by pushing mobile-based movie-ticketing. Among those acquisitions were Movieclips and the movie-rating service Rotten Tomatoes. Fandango officials note that about half the traffic to Rotten Tomatoes comes from overseas.

Fandango calls Movieclips the No. 1 movie-trailers channel on YouTube. Fandango reaches 60 million unique visitors a month, according to comScore data. As it grows globally, Yanover said, the company would use both U.S. and local brands.

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue
Help us moderate this thread by flagging comments that violate our guidelines

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Load comments
Continue Reading