ONLINE MOVIE TICKET SALES INCREASE 31% IN FIRST HALF OF 2007: MOVIETICKETS.COM REPORTS INTERNET SALES GROWTH OUTPACING OVERALL BOX OFFICE
MovieTickets.com Expects Record Summer Volume as Transformers™, new Harry Potter and other Blockbusters Staged for Success
(Los Angeles, CA - July 3, 2007) – Moviegoers are logging online more than ever to reserve a place in line for movie tickets, according to a study conducted by MovieTickets.com (www.movietickets.com), the world’s most powerful online movie ticketing provider. MovieTickets.com experienced an astounding 31% increase in overall online ticket sales for the first half of 20071 compared to the same time period in 2006, while overall box office receipts increased by nearly 3%.2
“Clearly online movie ticketing has become an integral part of consumers’ lifestyles. Planning ahead and committing to the in-theater experience has gone from a ‘want’ to a ‘need’ in many parts of the country,” said Joel Cohen Executive Vice President and General Manager MovieTickets.com. “And while e-commerce proliferation is a factor in our striking sales growth, we know that moviegoers are responding more and more to studio marketing campaigns to not only reserve their ticket for a must-see opening weekend film, but for all of their movie ticket buying.”
While the increase can also be attributed to the blockbuster heavy May 2007, online sales are still eclipsing overall box office receipts by double digits. MovieTickets.com is also reporting consistent year over year increases even through years when overall box office receipts increased slightly. Some highlights of the study include:
*31% increase in overall MovieTickets.com sales during first half of 2007 (January 2, 2007- June 30, 2007) compared to same time period in 2006. Overall box office increased by nearly 3% during same time period.
*41% increase in MovieTickets.com sales comparing its combined May & June 2006 and May & June 2007 sales totals while overall box office was up 2.4% in the same period.
*Dramatic 150% increase MovieTickets.com registered users from 2005 to 2007. The increase demonstrates the expanding use of online ticketing by moviegoers across all demographic profiles.
In terms of sales growth, MovieTickets.com expects continued sales success heading into the latter half of 2007 as the industry braces for more blockbuster film releases. Early indicators of MovieTickets.com sales volume include:
*Transformers™ is selling 10 times the amount of tickets as Fantastic Four: Rise of the Silver Surfer at same point in sales cycle.
*Moviegoers have been buying Harry Potter and the Order of the Phoenix advance tickets since May 2007, nearly two months prior to the film’s mid-July open.
1 Data reflects domestic box office
2 Box office data provided by Media By Numbers
MovieTickets.com exhibitors currently include:
Academy 8 Theaters, Access Digital Theatres, All Star Entertainment, AMC Theatres, Amherst Cinema Art Center, Arena Grand Theatre, Ashbrie Cinemas, Atlantic Theaters, Atlas Cinemas, Brooklyn Academy of Music, Bryn Mawr Movie Theatre Co., Camera Cinemas, Celebrity Theatres, Channelside Cinemas, Cinefe’ 8, Cinema Centers, Cinema Four-Quad, Cinemagic Movies, Cinemagic Theatres (MN), Cinemall, Cineplex Odeon, Classic Cinemas, Clearview Cinemas, Cleveland Cinemas, Consolidated Theatres, Cornelius Cinemas, Crown Theatres, Dickinson Theatres, Drexel Theatres, Eastern Shores, Emagine Entertainment, Entertainment Retail (Hollywood Hits), Elvis Cinemas, Famous Players, Film Forum, Fine Arts Theatre - Beverly Hills, Fox Bay Cinema Grill, Foxmoor Movies, Galaxy Cinemas, Greater Huntington Theatres, Greenville Cinemas, Hallett Cinemas, Harkins Theatres, HLB Entertainment, Hollywood Cinema 9, Hollywood Premier Cinemas, IFC Center, Kew Gardens (Cobble Hill), Krikorian Premiere Theatres, Landmark Theatres, M Park 4, Main Street Cinemas, Malco Theatres, Mann Theatres, Marcus Theatres, Marquee Cinemas, Metropolitan Theatres, Mission Grove Theaters, MJR Theatres, MnM Theatres, MovieMax Theatres, NAOS Entertainment, Narberth Theatre, National Amusements, Nelsonville Movies 10, North American Cinemas, Oasis Cinema, Omniplex Theatre Group, O'Neil Theatres, Pacific Theatres, Paris Theater, Penn Cinema, Phoenix Theatres (MI), Phoenix Theatres (TN), Pickwick Theatres, Premiere Cinemas, Rail Road Square Cinema, Rave Motion Pictures, Reading Cinemas USA (City Cinemas), Rio Entertainment,, Riviera Cinemas, Roxy Theatres, Sayville Theatre, Scotiabank Theatres, Sea Turtle Cinemas, Silver Screen Cinemas, Spotlight Theatres, Star Vu Drive-In, Studio Movie Grill, Sunrise Cinemas, Tango Theaters, Trans-Lux Cinemas, UltraStar Cinemas, Village Theaters, Watson Theatre, Wellfleet Cinemas, and Westates Theatres.
MovieTickets.com, the most powerful Internet movie ticketing service, provides consumers with the ease of a virtual box office from the convenience of their home or office. Formed in 2000, MovieTickets.com is a joint venture between AMC Entertainment, Hollywood Media Corp. (NASDAQ: HOLL), National Amusements, Famous Players, Marcus Theatres (NYSE: MCS), Viacom (NYSE: VIA), and America Online, and leverages the collective exhibitor expertise to deliver consumers a premium movie ticketing experience. MovieTickets.com enables consumers to buy tickets online for movie screens across the United States, Canada and the U.K. Its elite collection of partner theaters consistently represents over 50% of the top 50 and over 50% of the top 100 grossing theaters in North America on any given weekend. The MovieTickets.com Exhibitor group, which includes nearly 100 theater chains, is more than four times the amount of its nearest competitor.
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