Fandango Latam

Fandango Latam, previously known as Cinepapaya, was a company selling movie tickets online and through mobile devices. It also provided showtime information and movie related content.

Fandango Latam
FormerlyCinepapaya
Founded2012 (2012)
HeadquartersLima
ServicesMovie ticketing and content
OwnerFandango Media
Websitefandango.lat

History

Fandango Latam started as Cinepapaya in 2012, getting funding from 500 Startups and Telefonica‘s startup accelerator Wayra.[1] It participated also in the Start-Up Chile’s acceleration program.

In 2014, Cinepapaya received a $2M investment from Brazilian internet conglomerate Movile.[2] As of May 2015, Cinepapaya was transactional in Peru, Chile and Colombia, and served content in 17 countries in South America (as for May 2015), expecting to close 2015 with 20 countries,[3] and then venture into other emerging markets.

In December 2016, Fandango Media purchased Cinepapaya, for an undisclosed amount.[4] Fandango had previously acquired Cinepapaya's Brazilian competitor Ingresso in 2015, and merged the two entities to create Fandango Latam.[5] In March 2017, Fandango announced a new branding strategy for its Latin American assets, and definitely switched its name from Cinepapaya to Fandango Latam.[6][7]

In October 2017, Fandango acquired MovieTickets.com and gained more market shares in Latin America.[8] In October 2018, Fandango Latam announced several multi-year deals with Cinépolis, Cinemark Theatres, National Amusements, and Cinemex, adding 5,000 new screens to Fandango s Latin American inventory. This deal turned Fandango into the largest online ticketer in Latin America.

In August 2020 Fandango announced its closure in all latin america due to the ongoing scamdemic[5]

Awards
Founders Manuel Olguin and Gary Urteaga at TNW Conference Latin America 2012
  • 2012: 2nd place in TNW Conference Latin America's Start-Up Battle[9]
  • 2013 : 1st place in Intel Challenge APEC[10]

References
  1. Heim, Anna. "Peruvian movie portal Cinepapaya announces funding from 500 Startups, eyes Latin America". thenextweb.com. Retrieved 28 May 2015.
  2. Shieber, Jonathan. "Movile, Brazil's Answer To Rocket Internet, Backs Mobile Ticketing Co. CinePapaya With $2M". techcrunch.com. Retrieved 28 May 2015.
  3. Huaruco Gonzales, Luisa. "Peruana Cinepapaya espera cerrar el 2015 con presencia en 20 países". gestion.pe. Archived from the original on 5 March 2016. Retrieved 28 May 2015.
  4. "Comcast's Fandango Buys Online Ticket-Seller Cinepapaya". Fortune. 2016-12-01. Retrieved 2016-12-03.
  5. Brent Lang (22 October 2018). "Fandango Becomes Largest Online Ticketer in Latin America (EXCLUSIVE)". Variety.com. Retrieved 25 March 2019.
  6. Kyle O'Brien (27 March 2017). "Fandango unveils new global brand strategy for Latin America". Thedrum.com. Retrieved 25 March 2019.
  7. Claudia ingra (14 March 2017). "La startup Cinepapaya pasa a llamarse Fandango". Elcomercio.pe (in Spanish). Retrieved 25 March 2019.
  8. Sarah Perez (13 October 2017). "Fandango is acquiring rival online ticketer MovieTickets.com". Techcrunch.com. Retrieved 23 March 2019.
  9. Heim, Anna. "TNW Latin America Startup Battle: And the winner is…". thenextweb.com. Retrieved 28 May 2015.
  10. "Aplicación peruana Cine Papaya ganó concurso de APEC". elcomercio.pe. Retrieved 28 May 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.