×
You will be redirected back to your article in seconds

Atom Tickets Raises $60 Million From Fidelity, Disney, Fox and Lionsgate

Pull out the giant tub of popcorn: Upstart Atom Tickets has banked more than $60 million in funding to take on the online movie-ticketing segment’s leader, NBCUniversal-owned Fandango.

The company’s Series C funding was led by Fidelity Management & Research Co., with participation from previous investors Disney, Lionsgate, and 20th Century Fox Film. The trio of Hollywood studios pumped $50 million into Atom in 2016.

Atom Tickets has now raised more than $125 million to date. The company has about 80 employees. With the additional capital, Atom plans to further enhance its social movie-ticketing app and website experience as well as boost marketing.

After initially rolling out its service in early 2016, Atom now offers ticketing for nearly 20,000 screens across the U.S. and Canada. The company says it has tripled registered users and ticket sales in the past year (but isn’t disclosing actual numbers).

“We’re pleased to participate in this latest round of financing for Atom Tickets, which has demonstrated enormous traction with exhibition partners, studios, and moviegoers during the past year,” Lionsgate vice chairman Michael Burns said in a statement provided by the startup. Lionsgate led Atom’s Series A round. The new investment and the backing of Fidelity will help “take Atom to the next level as a groundbreaking force for change in the moviegoing experience.”

Atom touts its social-focused movie-ticketing service, which lets users invite friends to see a movie while they all pay separately. Using the free-to-download iOS and Android app, which also lets customers purchase concessions, moviegoers go directly to ushers and concession counters and scan a QR code at tablet kiosks instead of using paper tickets or vouchers.

Atom’s initial exhibitor partners were AMC Theatres and Regal Cinemas, and it has since expanded through deals with Southern Theatres, Showcase Cinemas, B&B Theatres and others. Santa Monica, Calif.-based Atom also powers digital ticketing for Regal and Amazon-owned IMDb.

In the last year, Atom Tickets formed an advisory board with filmmakers Steven Spielberg, J.J. Abrams, and Tyler Perry. The company also has teamed with studios to provide proprietary data and marketing-targeting capabilities on the Atom service and across the web.

“We’re leading and delivering on what the industry needs,” said Matthew Bakal, co-founder and chairman of Atom Tickets. He said its studio investors’ “collective industry leadership has helped guide us through these major milestones.”

More Film

  • FX's 'Snowfall' Panel TCA Winter Press

    John Singleton Hospitalized After Suffering Stroke

    UPDATED with statements from John Singleton’s family and FX Networks John Singleton, the Oscar nominated director and writer of “Boyz N’ the Hood,” has suffered a stroke. Sources confirm to Variety that Singleton checked himself into the hospital earlier this week after experiencing pain in his leg. The stroke has been characterized by doctors as [...]

  • 'Curse of La Llorona' Leads Slow

    'Curse of La Llorona' Leads Slow Easter Weekend at the Box Office

    New Line’s horror pic “The Curse of La Llorona” will summon a solid $25 million debut at the domestic box office, leading a quiet Easter weekend before Marvel’s “Avengers: Endgame” hits theaters on April 26. The James Wan-produced “La Llorona,” playing in 3,372 theaters, was a hit with hispanic audiences, who accounted for nearly 50% [...]

  • Jim Jarmusch in 'Carmine Street Guitars'

    Film Review: 'Carmine Street Guitars'

    “Carmine Street Guitars” is a one-of-a-kind documentary that exudes a gentle, homespun magic. It’s a no-fuss, 80-minute-long portrait of Rick Kelly, who builds and sells custom guitars out of a modest storefront on Carmine Street in New York’s Greenwich Village, and the film touches on obsessions that have been popping up, like fragrant weeds, in [...]

  • Missing Link Laika Studios

    ‘Missing Link’ Again Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by the TV ad measurement and attribution company iSpot.tv, Annapurna Pictures claims the top spot in spending for the second week in a row with “Missing Link.” Ads placed for the animated film had an estimated media value of $5.91 million through Sunday for [...]

  • Little Woods

    Film Review: 'Little Woods'

    So much of the recent political debate has focused on the United States’ southern border, and on the threat of illegal drugs and criminals filtering up through Mexico. But what of the north, where Americans traffic opiates and prescription pills from Canada across a border that runs nearly three times as long? “Little Woods” opens [...]

  • Beyonce's Netflix Deal Worth a Whopping

    Beyonce's Netflix Deal Worth a Whopping $60 Million (EXCLUSIVE)

    Netflix has become a destination for television visionaries like Shonda Rhimes and Ryan Murphy, with deals worth $100 million and $250 million, respectively, and top comedians like Chris Rock and Dave Chappelle ($40 million and $60 million, respectively). The streaming giant, which just announced it’s added nearly 10 million subscribers in Q1, is honing in [...]

More From Our Brands

Access exclusive content