Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-07-18 23:47:27| Engadget

One of the founders of the movie ticketing service Fandango has died following an apparent suicide in New York City. J. Michael Cline, the co-founder of the movie ticket website and service Fandango, died Tuesday after falling from the balcony of a Manhattan hotel in what the medical examiners office ruled as a suicide, according to The New York Times. Cline co-founded Fandango in 2000 with former chief operating officer Art Levitt during the dot-com boom and became one of the biggest online retailers. Fandango launched with seven movie theater chains, according to Variety. Fandango found success by completely changing the way people went to the movies. Moviegoers didnt have to wait in long ticket lines only to find out that the 6 PM showing of Battlefield Earth was already sold out. They could purchase their tickets before they even left home and still have time to buy an overpriced box of Milk Duds and a watered down Shasta. The companys flashy orange F logo also made it one of the most recognizable online brands in the industry. Cline described his company's whimsical sounding name to Variety as fast and fun and a perfect match to a service designed to make going to the movies easier and more enjoyable than ever before. Five years after its launch, online movie ticket sites like Fandango and its competitor Movietickets.com sold tickets worth over $30 million in one year. Comcast bought the Fandango brand in 2007 for an undisclosed sum. Fandango also bought some of the Internets hottest movie properties such as the aggregated movie review website Rotten Tomatoes in 2017. The movie ticket brand went through subsequent parent sales until it landed with its current owners NBCUniveral and Warner Bros., which expanded the Fandango brand to a streaming service called Fandango at Home as a replacement for Vudu. Fandango continues to thrive as an online ticket retailer even at a time when movie theaters are seeing a huge slump in sales. During the Barbenheimer craze last summer, Fandango sold 3.5 million tickets alone just to the Oscar nominated and winning films Barbie and Oppenheimer. Cline left Fandango in 2011 and went on to become the executive chairman of the tech investment firm Juxtapose that helped launch health and wellness companies like Care/of and Corduroy, according to the firms website. Levitt described his former business partner to the New York Times as a formidable entrepreneur who was a bit of an adventurer and someone who saw an opportunity in the market with Fandango. In the US, the National Suicide Prevention Lifeline is 1-800-273-8255 or you can simply dial 988. Crisis Text Line can be reached by texting HOME to 741741 (US), 686868 (Canada), or 85258 (UK). Wikipedia maintains a list of crisis lines for people outside of those countries. This article originally appeared on Engadget at https://www.engadget.com/fandango-co-founder-j-michael-cline-dead-at-64-214725046.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

18.10Woolworths New Zealand opens a supermarket for bees
18.10X updates its privacy policy to allow third parties to train AI models with its data
18.10Sam Altmans Worldcoin startup is dropping the coin and doubling down on Orbs
18.10YouTube is testing a new version of its Premium Lite subscription
17.10A new trailer for the Dune: Prophecy series just dropped
17.10Unity mounts a comeback with launch of Unity 6 game engine
17.10Amazon is rebooting its live-action adaptation of the God of War reboot
17.10ESPN faces $146K fine for using emergency alert tones in NBA ads
Marketing and Advertising »

All news

18.10Polycab shares slip 7% after Q2 results. What should investors do?
18.10Nestle India shares fall 2% as Q2 net profit falls marginally YoY. Should you invest?
18.10Woolworths New Zealand opens a supermarket for bees
18.10Self-Directed 401(k)s and Direxion ETFs: Empowering Your Retirement Strategy
18.10Va Tech Wabag, Nazara among 10 smallcaps that MFs bought & sold in September
18.10Zee Entertainment Enterprises to announce Q2FY25 earnings today. Here's what to expect
18.10LTIM shares fall 5% despite reporting 8% YoY growth in Q2 PAT
18.10China economy slowdown deepens, official figures show
More »
Privacy policy . Copyright . Contact form .