Online movie ticketing company Fandango, which provides movie tickets and information service announced on June 25 that it has reached an agreement with Microsoft Corp. that would make it the official online and mobile movie ticketer for MSN Movies and MSN Entertainment.
Fandango makes money by charging a commission on ticket sales. Gaining access to some of the Internet’s most popular destinations is likely to make Fandango an even bigger force in the movie ticketing business. There are more than 100 million users in US who access MSN Movies and MSN Entertainment each month. It means, the Fandango ticketing system will reach more than 100 million web surfers in the US each month. But, Fandango hasn’t disclosed the financial terms of the partnership.
Fandango said record-breaking ticket sales for “The Avengers” led to its highest selling month in May with a 47 percent surge in year-over-year ticket sales and a 29 percent percent year-over-year increase in its monthly site visitors to 34 million.
Be noted that Fandango, the nation’s leading moviegoers destination, sells tickets for nearly 20,000 theater screens across the US. The Microsoft relationship is the latest in a series of Fandango announcements that included deals with AMC Theatres, Regency Theaters and other chains. Earlier the company has signed a similar agreements with Yahoo and AOL.