Hollywood Media Corp. (NASDAQ: HOLL) engages in online ticket sales, advertising, and book development license businesses. The company holds a 26.2% ownership interest in MovieTickets.com, the worldwide leader in advance movie ticketing. Today, MovieTickets.com announced a milestone as the company signs Showplex Cinemas as its 200th theater chain. Showplex operates in 10 locations with 81 screens, in Arkansas, Kansas, Missouri, Nebraska, and Oklahoma. In just under a year 50 additional movie theater chains have joined MovieTickets.com exclusively. The 200 theater chains represented by MovieTickets.com are about 10 times the number of chains as its nearest competitor, making MovieTickets.com the largest online movie ticketing provider when measured by the number of exhibitor partners.
MovieTieckets.com is a joint venture between AMC Entertainment, Hollywood Media Corp. (NASDAQ: HOLL), National Amusements Cineplex Entertainment, Marcus Theatres, (NYSE: MCS), Viacom (NYSE: VIA), and Time Warner, and leverages the collective theater chain expertise to deliver consumers a premium movie ticketing experience. On any given weekend, MovieTickets.com represents more than 50 percent of the top 100 grossing theaters in North America. Over the past year the company has significantly increased its international presence, offering advance movie ticketing services in Argentina, Aruba, Bermuda, and Curacao. MovieTickets.com is also the leading online movie ticketing provider in Canada; it's the only service with ticketing available in all 10 provinces, covering two-thirds of all movie theater screens in Canada.
"The exhibitor community has recognized and rewarded MovieTickets.com for our dedication to high-quality service, which is evident by the growth of our program within recent years," said Joel Cohen, CEO, MovieTickets.com. "We continue to meet the rising demand for the most comprehensive online movie ticketing solution available. We're energized with these successes, and look forward to maintaining MovieTickets.com's exceptional growth."
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