Fandango Latam, previously known as Cinepapaya, is a company selling movie tickets online and through mobile devices. It also provides showtime information and movie related content.
 | |
| Formerly | Cinepapaya |
|---|---|
| Company type | Division |
| Founded | 2012 |
| Headquarters | Lima, Peru |
| Services | Movie ticketing and content |
| Parent | Fandango Media |
| Website | fandango |
History
Fandango Latam started as Cinepapaya in 2012, getting funding from 500 Startups and Telefonica‘s startup accelerator Wayra.[1] It participated also in the Start-Up Chile’s acceleration program.
In 2014, Cinepapaya received a $2M investment from Brazilian internet conglomerate Movile.[2] As of May 2015, Cinepapaya was transactional in Peru, Chile and Colombia, and served content in 17 countries in South America (as for May 2015), expecting to close 2015 with 20 countries,[3] and then venture into other emerging markets.
In December 2016, Fandango Media purchased Cinepapaya, for an undisclosed amount.[4] Fandango had previously acquired Cinepapaya's Brazilian competitor Ingresso in 2015, and merged the two entities to create Fandango Latam.[5] In March 2017, Fandango announced a new branding strategy for its Latin American assets, and definitely switched its name from Cinepapaya to Fandango Latam.[6][7]
In October 2017, Fandango acquired MovieTickets.com and gained more market shares in Latin America.[8] In October 2018, Fandango Latam announced several multi-year deals with Cinépolis, Cinemark Theatres, National Amusements, and Cinemex, adding 5,000 new screens to Fandango s Latin American inventory. This deal turned Fandango into the largest online ticketer in Latin America.[5]
Awards
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