×
You will be redirected back to your article in seconds

NBCU’s Fandango Acquires Brazilian Ticketing Site Ingresso

Fandango has made its first international acquisition: NBCUniversal’s movie info and ticketing division is buying Brazilian entertainment-ticketing service Ingresso.

Terms of the deal were not disclosed. Fandango is acquiring Ingresso from parent ecommerce company B2W Companhia Digital, based in Rio de Janeiro.

Ingresso, which has more than 6 million registered users, claims to be Brazil’s largest online and mobile movie-ticketing service. It also sells tickets to concerts, soccer matches and cultural events including the Rock in Rio festival. Fandango points to Brazil’s large moviegoing population, which accounted for some 40% of Latin American box-office receipts in 2014, according to Rentrak.

“We see this as an opportune moment to expand outside of the United States,” Fandango president Paul Yanover said in announcing the pact. “Latin America presents the next logical growth area for Fandango, and we look forward to extending our leading online and mobile ticketing capabilities to Brazil’s entertainment fans.”

Upon the close of the deal, Fandango plans to bring its U.S.-based resources to bear on Ingresso.com, including leveraging its Movieclips channel on YouTube (acquired last year from Zefr) to as well as its marketing and product-development expertise.

Fandango expects the Ingresso acquisition to close in the fourth quarter of 2015, pending regulatory review and other usual closing conditions. Raine Group and G5 Evercore advised Fandango on the transaction.

In the U.S., Fandango reaches 42 million unique visitors per month, according to comScore. It has deals with theaters to sell tickets for 27,000 screens nationwide.

Popular on Variety

More Digital

  • Gabrielle Carteris

    SAG-AFTRA Urges Gavin Newsom to Sign Law Punishing 'Deep Fake' Videos

    SAG-AFTRA National Executive Director David White is urging Gov. Gavin Newsom to sign legislation that institutes penalties for nonconsensual digital sexually explicit videos, also known as “deep fakes.” The legislation, Assembly Bill 602, targets companies and individuals who create and distribute the videos in California without the consent of the individual being depicted. “We urge Gov. [...]

  • Facebook Portal logo

    Facebook Is Launching a Portal TV Device: Here’s What We Know

    Facebook is getting ready to launch a TV streaming device in time for the holiday season, Variety has been able to confirm with multiple sources familiar with the company’s plans. The new streaming hardware will be part of the company’s Portal family of devices, featuring a camera, and combining video chatting with TV viewing and [...]

  • MoviePass card

    MoviePass Shuts Down, With Parent Company Citing Failure to Raise Funds

    MoviePass, the long-struggling theater subscription service, finally appears to be down for the count. On Friday, MoviePass notified remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced. “The company is continuing [...]

  • Disney Plus - Full Lineup

    How to Browse the Disney Plus Catalog the Company Is Testing in the Netherlands

    Disney began testing its Disney Plus streaming service in the Netherlands this week. Consumers in the U.S. will have to wait until November 12 to get access to the service, but European streaming aggregator JustWatch already makes it possible to browse the catalog available during this beta test. JustWatch is one of a number of [...]

  • JoJo Siwa'The Angry Birds Movie 2'

    Nickelodeon Star JoJo Siwa Gets Her Own Dance-Tour Mobile Game (EXCLUSIVE)

    Fans of JoJo Siwa will be able to join the teen influencer’s dance squad on stage — virtually — in a new mobile game. In “JoJo Siwa — Live to Dance,” players will become part of the Nickelodon and YouTube star’s worldwide tour on her professional dance team and experience what it’s like to be [...]

More From Our Brands

Access exclusive content