Fandango Latam

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Fandango Latam
Formerly Cinepapaya
Company type Division
Founded 2012 ; 12 years ago  ( 2012 )
Headquarters Lima , Peru
Services Movie ticketing and content
Parent Fandango Media
Website fandango .lat

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 Cinepolis , 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 ]

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 [ edit ]

  1. ^ Heim, Anna (14 December 2012). "Peruvian movie portal Cinepapaya announces funding from 500 Startups, eyes Latin America" . thenextweb.com . Retrieved 28 May 2015 .
  2. ^ 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 .
  3. ^ Huaruco Gonzales, Luisa. "Peruana Cinepapaya espera cerrar el 2015 con presencia en 20 paises" . 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. ^ a b 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 (24 August 2012). "TNW Latin America Startup Battle: And the winner is…" . thenextweb.com . Retrieved 28 May 2015 .
  10. ^ "Aplicacion peruana Cine Papaya gano concurso de APEC" . elcomercio.pe . 14 August 2013 . Retrieved 28 May 2015 .
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