AOL MOVIEFONE AND MOVIETICKETS.COM ANNOUNCE ALLIANCE TO GIVE CONSUMERS NATIONAL ACCESS TO MOVIE TICKETING
Ticketing Services Now Cover More Than 85% of the Movie Screens Nationwide That Offer Internet Ticketing
America Online, Inc. to Make Minority Investment in MovieTickets.com
(New York - March 21, 2001) – AOL Moviefone and MovieTickets.com, Inc., the two leading movie information and ticketing services, today announced a strategic alliance that will provide consumers with the most comprehensive Internet-based destinations for purchasing movie tickets. Under the agreement, the companies will establish a national footprint for movie ticketing in both the U.S. and Canada, offering consumers online access to tickets for more than 85 percent of North America's movie screens that currently offer Internet ticketing capability.
Consumers will have national access to movie tickets through both AOL Moviefone and MovieTickets.com. The ticketing transactions will be executed seamlessly, through one-click access to co-branded Moviefone/MovieTickets ticketing pages. Once online consumers have completed their purchase, they will then have easy access back to the site from which they started. Through both services, consumers will have access to tickets from AMC Theatres, City Cinemas, Clearview Cinemas, Colorado Cinemas, Crown Cinemas, Famous Players, General Cinema Theatres, Harkins Theatres, IMAX Theatres, Loews Cineplex Entertainment, Mann Theatres, Marcus Theatres, Muvico Theaters, National Amusements, Regal Cinemas, Reading Cinemas, Star Theatres, and United Artists Theatres.
America Online, Inc. will also make a minority investment in MovieTickets.com, whose founding shareholders include Hollywood Media Corp (NASDAQ: HOLL), AMC Entertainment (AMEX: AEN) and National Amusements. Additional partners in MovieTickets.com are Famous Players, Marcus Theatres (NYSE: MCS) and Viacom (NYSE: VIA).
Ticketing services from both AOL Moviefone and MovieTickets.com will be available through the entertainment channels of several America Online brands, including AOL, CompuServe and Netscape, providing enhanced ticketing capabilities to the more than 30 million AOL and CompuServe members and the millions of additional users of America Online's Web-based brands. In addition, both AOL Moviefone's and MovieTickets.com's ticketing inventories will be available through Hollywood Media Corp.'s Hollywood.com Web site.
"Moviefone is a brand that moviegoers love and trust and one in five U.S. moviegoers already uses our services either on the phone or online each week," said Tommy McGloin, General Manager of AOL Moviefone. "Our goal is to connect those users to the movies by providing them with the most expansive and convenient movie information and ticketing services possible. Through this alliance, we're doing just that by greatly expanding the number of theaters for which we can offer advance ticket sales to our consumers."
Mitchell Rubenstein, Co-CEO of MovieTickets.com, commented, "Teaming up with AOL Moviefone represents another step in our strategy to both broaden and simplify access to movie theater ticketing for millions of customers across North America. By combining our industry-leading representation of top-performing megaplexes with enhanced distribution across AOL's brands, MovieTickets.com will reach the largest online audience. We know that consumers want access to movie information and tickets online, and we look forward to working with our new partners at AOL in promoting our national footprint in online ticketing. We also welcome AOL as a minority shareholder in MovieTickets.com."
The ticketing capabilities of Moviefone.com and MovieTickets.com will benefit consumers not only online, but also through the companies' combined wireless agreements with various providers, including Palm, Sprint PCS, Verizon Wireless and AT&T Wireless.
MovieTickets.com is a joint venture between AMC Entertainment, National Amusements, Hollywood Media Corp., Famous Players, Viacom and Marcus Theatres, 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. The site accesses the rich movie content produced by Hollywood.com as well as other sources.
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.
About AOL Moviefone
AOL Moviefone, a wholly owned subsidiary of AOL Time Warner Inc. (NYSE: AOL), is a leader in providing online, telephone and wireless movie listings, information, and ticketing to consumers anytime, anywhere. Through its online service Moviefone.com, its 777-FILM telephone service, and numerous wireless devices, including Sprint PCS phones, AT&T PocketNet, and Palm handheld computers, the company serves one in every five U.S. moviegoers each week with a complete, free directory of movies, showtimes, theater locations, the ability to purchase tickets, and other content of interest to moviegoers. AOL Moviefone is a part of the AOL Interactive Properties Group.
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.
For AOL Moviefone:
John Angelo, TSI Communications
Kim Holt, Brainerd Communicators, Inc.
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