Big Entertainment Signs Agreement to Acquire CinemaSource
Posted on April 2, 1999Big Entertainment, Inc. has announced that it has signed an agreement to acquire the assets of CinemaSource, Inc., a provider of movie showtimes listings to the Internet industry. Internet portals and websites that obtain their movie showtimes listings from CinemaSource include Yahoo!, MSN, Excite, Go Network, CitySearch, and Zip2, among others. The movie showtimes listings data that CinemaSource provides will be an integral part of the online movie ticketing service planned to be offered by hollywood.com, the online movie information website that BigE has contracted to acquire from Times Mirror.
"The acquisition of CinemaSource in combination with BigE's earlier announced acquisition of hollywood.com as well as the bige.com studio store, is designed to create the premier online site for movie information, online movie ticketing, and movie merchandise," stated Mitchell Rubenstein, Chairman and CEO of BigE. "In addition, this acquisition means that not only will BigE be the provider of premier movie information on the web via hollywood.com, but also the number one provider of movie showtimes listings information to the Internet industry."