Fandango Latam
 | |
| Formerly | Cinepapaya |
|---|---|
| Company type | Division |
| Founded | 2012 |
| Headquarters | Lima, Peru |
| Services | Movie ticketing and content |
| Parent | Fandango Media |
| Website | fandango |
Fandango Latam, previously known as Cinepapaya, is a company selling movie tickets online and through mobile devices. It also provides showtime information and movie related content.
History
[edit]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.[5]
Awards
[edit].jpg)
- 2012: 2nd place in TNW Conference Latin America's Start-Up Battle[9]
- 2013: 1st place in Intel Challenge APEC.[10]
References
[edit]- ^ Heim, Anna (14 December 2012). "Peruvian movie portal Cinepapaya announces funding from 500 Startups, eyes Latin America". thenextweb.com. Retrieved 28 May 2015.
- ^ Shieber, Jonathan (20 October 2014). "Movile, Brazil's Answer To Rocket Internet, Backs Mobile Ticketing Co. CinePapaya With $2M". techcrunch.com. Retrieved 28 May 2015.
- ^ 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.
- ^ "Comcast's Fandango Buys Online Ticket-Seller Cinepapaya". Fortune. 2016-12-01. Retrieved 2016-12-03.
- ^ a b Brent Lang (22 October 2018). "Fandango Becomes Largest Online Ticketer in Latin America (EXCLUSIVE)". Variety.com. Retrieved 25 March 2019.
- ^ Kyle O'Brien (27 March 2017). "Fandango unveils new global brand strategy for Latin America". Thedrum.com. Retrieved 25 March 2019.
- ^ Claudia ingra (14 March 2017). "La startup Cinepapaya pasa a llamarse Fandango". Elcomercio.pe (in Spanish). Retrieved 25 March 2019.
- ^ Sarah Perez (13 October 2017). "Fandango is acquiring rival online ticketer MovieTickets.com". Techcrunch.com. Retrieved 23 March 2019.
- ^ Heim, Anna (24 August 2012). "TNW Latin America Startup Battle: And the winner is…". thenextweb.com. Retrieved 28 May 2015.
- ^ "Aplicación peruana Cine Papaya ganó concurso de APEC". El Comercio. 14 August 2013. Retrieved 28 May 2015.