MOVIETICKETS.COM EXPANDS INTO CANADA
Fast and Easy Online Ticketing Service
Now Available In Canada as well as the United States
Founders Include Hollywood.com, Famous Players, AMC Entertainment, National Amusements and Viacom
(Toronto, ON and Boca Raton, FL -- October 10, 2000) – MovieTickets.com today announced that it has launched its online movie ticketing service in Canada. MovieTickets.com offers online ticketing for approximately 1,000 movie screens in Canada including many that rank among the top 25 top grossing movie theaters in North America. MovieTickets.com has been selling movie tickets online in the United States since late May.
The Canadian launch announcement was made jointly by founding partners John Bailey, Chairman and CEO of Famous Players Inc.; Mitchell Rubenstein, chairman and CEO of HOLLYWOOD.COM, INC. (NASDAQ: HOLL); Peter Brown, chairman and CEO of AMC Entertainment Inc. (AMEX: AEN); and Shari E. Redstone, president of National Amusements.
This initiative combines the theatre circuits of Famous Players theatres, Canada's top grossing and fastest growing theatrical exhibitor; AMC Entertainment, North America's top-grossing theatrical exhibitor; National Amusements (Showcase Cinemas and Multiplex Cinemas), a major theatrical exhibitor in the U.S., England, Chile and Argentina, and the parent company of Viacom; Marcus Theatres, one of the most profitable theatre circuits in the U.S.; and 15 additional movie theatre companies. The various partners in MovieTickets.com currently operate approximately 1,000 movie screens in Canada and thousands of screens throughout the United States.
"We are very pleased to join MovieTickets.com in this exciting initiative," said John Bailey. "We always are looking for ways to provide our guests with the best service and convenience. This partnership continues Famous Players' tradition of building our success by understanding and paying special attention to the tastes and preferences of Canadian moviegoers."
"We are thrilled to present Canadian moviegoers with a fast, easy and convenient way to purchase their movie tickets in advance online," said Mitchell Rubenstein. "People have become increasingly comfortable with Internet services, and we are confident they will find MovieTickets.com extremely helpful in facilitating their moviegoing plans."
Purchasing tickets online is simple. Users click on www.MovieTickets.com, enter their postal code so they can find nearby theatres, select a movie and showtime, and buy their tickets with a credit card. Then, they simply go to the theatre's box office or customer service counter located in the lobby and pick up their tickets.
MovieTickets.com distinguishes itself by offering comprehensive information about current and future movie releases. The site features movie reviews, trailers, entertainment news, coverage of movie premieres and industry data.
MovieTickets.com employs the latest technology for maintaining data security and allows customers to register with the Web site to easily purchase movie tickets without entering credit card information every time. MovieTickets.com owns both the MovieTickets.com and MovieTicket.com URLs to ensure that moviegoers can easily locate the site.
Earlier this year, the Company signed an agreement in principle for CBS (now Viacom, Inc.) to receive a 5% ownership position in MovieTickets.com, Inc. Under terms of the relationship, MovieTickets.com will receive $25 million of CBS advertising across the full range of CBS media properties over a period of five years.
About Famous Players
Famous Players is Canada's top grossing and fastest growing theatrical exhibitor. The company operates 868 screens, the most in the country, in 111 theatres from coast-to-coast, predominantly in large metropolitan areas including Toronto, Vancouver and Montreal. These theatres include those operated in partnership with IMAX® Corporation and Alliance Atlantic Communications, Inc. Since 1997, Famous Players has opened 38 state-of-the-art movie theatres as part of the largest expansion in its history. Many of these entertainment destinations rank among the top 25 grossing movie theatres in North America.
MovieTickets.com is the dedicated Internet site for the online sale of movie tickets, with additional content to assist users with their moviegoing plans. Participating theatre chains and companies include AMC Entertainment, National Amusements (Showcase Cinemas and Multiplex Cinemas), Famous Players, Marcus Theatres, Muvico Theaters and other exhibitors.
The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. These forward-looking statements generally can be identified as such because the context of the statement include words such as we "believe," "expect," "anticipate" or other words of similar import. Similarly, statements herein that describe our objectives, plans or goals also are forward-looking statements. Potential risks and uncertainties include, but are not limited to; the risks described in Hollywood.com, Inc.'s and AMC Entertainment Inc.'s filings with the Securities and Exchange Commission.
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