Boca Raton, FL. February 8, 2012 – MovieTickets.com, Inc., the leading global online movie ticketing provider, joined a lawsuit against one of its founding shareholders, AMC Entertainment, Inc. The lawsuit was previously filed on behalf of National Amusements Inc. and Hollywood Media Corp., each founding shareholders of MovieTickets.com, in Circuit Court for Palm Beach County by prominent trial attorney, Eugene Stearns of Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, P.A. The plaintiffs have asked for a jury trial.
MovieTickets.com began 12 years ago when Hollywood Media Corp. along with two exhibitors, National Amusements Inc. and AMC entered into a Joint Venture Agreement in order to create and grow the company. MovieTickets.com has grown from its two founding exhibitors to 247 exhibitors in 19 countries/territories. The company added over 3,000 screens in 2011, bringing its total representation to 19,500 screens and nearly 20 million registered users. The company maintains a 99.6 percent exhibitor retention rate, and continues its growth trajectory on a global basis. (more…)
This article was printed from http://deadline.com/2012/02/amc-entertainment-sued-after-breaking-with-movietickets-to-sell-tickets-with-fandango-227913/