Atom Tickets Secures Series B Round of Financing

01 Feb 2016, 00:00 AM EST

First-of-Its-Kind Mobile Ticketing App Attracts Major Investment from
A-List Entertainment Brands and Executives

SANTA MONICA, Calif.–(BUSINESS WIRE)–Atom Tickets, the first-of-its-kind theatrical mobile ticketing platform
and app, today announced that it has completed a Series B round of
financing from investors that include The Walt Disney Company
(NYSE:DIS), 20^th Century Fox (NASDAQ:FOXA) and
Lionsgate (NYSE:LGF). Atom
Tickets is a social, mobile ticketing platform designed to make
movie-going simple. Movie fans can use the service to purchase tickets
and concessions, coordinate and invite friends without having to pay for
them, and skip the lines at the theater. The app is available in both
the Apple
App Store and Google Play Store.

“We’re thrilled to partner with some of the most forward-thinking media
companies, exhibitors and trailblazers in the entertainment business,”
said Matthew Bakal, Atom Tickets co-founder and Executive Chairman.
“By bringing convenience to consumers and innovation to theaters, we
will enhance the movie-going experience and bring additional revenue to
studios and exhibitors.”

“The Atom Tickets app and platform is bringing innovation to the
ticketing market by empowering social networks and mobile devices to
make the movie-going experience seamless and convenient,” said Kevin
Mayer, Chief Strategy Officer of The Walt Disney Company. “Their
technology not only adds value to the consumer, but also helps movie
studios and theaters by providing deep consumer insights, advanced
analytics, and concession and ticket couponing.”

For consumers, Atom Tickets reimagines the most convenient way to plan a
night out. The app provides relevant reviews, trailers and synopses
information to help make a decision on what to see. Then, with a few
clicks, movie-goers can seamlessly invite friends to the same show and
order tickets and concessions to skip all the lines in the theater. At
the theater, consumers go to the usher and concession stands where they
scan their QR codes at simple tablet scanners.

“Our innovative e-commerce platform utilizes cutting edge data analysis
and targeting techniques to help connect movie-goers to films that they
and their friends will love,” said Ameesh Paleja, Atom Tickets
co-founder and CEO.

“This is an exciting opportunity for us and more importantly, for our
audiences,” said Jim Gianopulos, Chairman and CEO, 20^th
Century Fox. “Atom Tickets provides an enhanced social experience for
consumers to discover and purchase tickets to movies, designed for ease
of use on mobile devices. Atom’s unique interface and integration with
movie fans’ social networks creates a streamlined, fun way to go to
movies with friends.”

“We believe that Atom Tickets has the potential to revolutionize the way
audiences go to the movies, and we’re delighted to partner with blue
chip studios like Disney and Fox in this cutting edge initiative for the
theatrical business,” said Lionsgate Vice Chairman Michael Burns. “More
than four billion seats go unsold in theaters each year, and Matthew,
Ameesh and the Atom team have developed a state-of-the-art app that
offers exciting new opportunities to pre-purchase tickets and
concessions as well as paving the way for the successful introduction of
dynamic ticket pricing.”

Established in 2014, Atom Tickets’ Series A funding was led by Lionsgate.
The app is currently available in select test markets, with a full
national rollout planned for later this year.

ABOUT ATOM TICKETS

Atom
Tickets is the first-of-its-kind theatrical mobile ticketing
platform. Through its patent pending recommendation and personalization
technology, Atom Tickets enables consumers to search for films, invite
friends, buy tickets, concessions and more. The platform’s innovative
targeting capabilities and data analysis maximize revenue opportunities
for studios, exhibitors and brands. The free app is available in the Google
Play Store and the Apple
App Store. For more information please visit www.atomtickets.com.