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HOYTS CINEMAS PARTNERS WITH MOVIETICKETS.COM MOVIE TICKETING SERVICE
Fast and Easy Online Ticketing Service to be Available to Hoyts' 926 Screens in the Northeast
(Boston, MA and Boca Raton, FL - April 10, 2001) – MovieTickets.com today announced that Hoyts Cinema Corporation, a leading theater exhibitor in the Northeast United States, has joined the MovieTickets.com joint venture to provide online movie ticketing. MovieTickets.com has been selling movie tickets online in the United States since late May, 2000.
The announcement was made jointly by Terry Moriarty, Chief Financial Officer of Hoyts Cinema Corporation; as well as MovieTickets.com's founding corporate partners and Co-Chairmen, Mitchell Rubenstein, Chairman and CEO of Hollywood Media Corp. (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 theater circuits of Hoyts Cinemas Corporation, with 926 screens located in the New England states, New York, Pennsylvania, New Jersey, Maryland, Virginia and West Virginia; 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; Famous Players theaters, Canada's top grossing and fastest growing theatrical exhibitor; Marcus Theaters, one of the most profitable theater circuits in the U.S.; Muvico Theaters, a chain of state-of-the-art megaplex theaters; and 15 additional movie theater companies.
"Hoyts Cinemas takes great pride in providing moviegoers with a quality viewing experience," said Terry Moriarty. "The partnership with MovieTickets.com will extend the quality experience by providing consumers with the added convenience of purchasing tickets online in advance of going to the theater."
"The addition of Hoyts Cinemas' 900 plus movie screens will enhance our national ticketing footprint and significantly expand our presence in the attractive Northeast corridor," said Mitchell Rubenstein. "Through our deal announced last week with Moviefone and this deal with Hoyts, MovieTickets.com's online ticketing will soon be available for over 85% of movie screens, making MovieTickets.com the preeminent destination for online movie ticketing."
Purchasing tickets online is simple. Users click on www.MovieTickets.com, enter their postal code so they can find nearby theaters, select a movie and showtime, and buy their tickets with a credit card. Then, they simply go to the theater's box office and pick up their tickets. In addition, the company is currently rolling out at home ticket printing, which will further increase the convenience factor.
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.
MovieTickets.com recently formed a strategic alliance with AOL whereby consumers will have national access to movie tickets on both Moviefone.com and Movietickets.com through one-click access to the other site's ticketing inventory. Both sites will offer consumers online access to tickets for more than 85% of North America's movie screens that currently offer Internet ticketing capability.
MovieTickets.com, Inc. also has an agreement with Viacom, Inc. whereby MovieTickets.com is receiving advertising across the full range of CBS media properties.
About Hoyts Cinemas Corporation
Hoyts Cinemas Corporation, a leading exhibitor in the Northeast United States, is a division of Hoyts Cinemas Ltd. based in Sydney, Australia. In addition to its US operations, Hoyts Cinemas Ltd. is the leading exhibitor in Australia and New Zealand and has significant operations in Mexico and South America.
MovieTickets.com is a joint venture between Hollywood Media Corp., AMC Entertainment, National Amusements, Famous Players, Marcus Theaters, Hoyts Cinemas and Viacom, offering the online sale of movie tickets with additional content to assist users with their movie-going plans. Purchasing tickets online through MovieTickets.com couldn't be easier. MovieTickets.com's Quick Checkout service allows users to register with the site and buy tickets online by simply entering a name and password. In addition to ticket sales, MovieTickets.com distinguishes itself by offering comprehensive information about current and future movie releases.
Since Spring 2000, MovieTickets.com's ticket sales have exceeded one million tickets, offering consumers the ease and convenience of a virtual box office in their homes. Additionally, MovieTickets.com has recently begun to offer moviegoers the ability to print purchased tickets at home, as well as email tickets to friends and family members.
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. Potential risks and uncertainties include, but are not limited to, the risks described in Viacom Inc.'s, Hollywood Media Corp.'s, AMC Entertainment Inc.'s and The Marcus Corporation's filings with the Securities and Exchange Commission.
John Buckley/Kim Holt
Brainerd Communicators, Inc.
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