Fandango acquires rival
Published 5:00 am Thursday, August 29, 2013
LOS ANGELES — Fandango, the fast-growing online seller of movie tickets, has swallowed a rival company that runs Hollywood Movie Money, a popular gift-certificate system that studios use to promote DVD and Blu-ray releases.
Fandango’s acquisition of the company, Quantum Loyalty Solutions, catapults the online ticket seller deep into a backwater of the movie business, but a lucrative backwater nonetheless, said Paul Yanover, Fandango’s president.
— From wire reports