Paul Yanover has not visited Fandango’s Beverly Hills headquarters since March. While holed up at his home office the past seven months, he’s seen the company’s core business — selling movie tickets— crash to virtually nil.
It’s “certainly not the most fun spot to be in, in the back of 2020,” acknowledges Yanover, the longtime president of NBC-Universal’s Fandango. The group cut back as part of NBCU’s companywide layoffs in August with a “small amount of cost-cutting,” Yanover says.
But the executive remains optimistic that once theaters reopen in a bigger way in 2021, Fandango’s movie-ticketing business will rebound, benefiting from pent-up demand. In the meantime, Fandango has shifted its focus to building up its home-entertainment streaming strategy. The big development here: its mid-pandemic closing of the deal to acquire Vudu, the digital movie and TV service, from Walmart in July. “We literally couldn’t get...
It’s “certainly not the most fun spot to be in, in the back of 2020,” acknowledges Yanover, the longtime president of NBC-Universal’s Fandango. The group cut back as part of NBCU’s companywide layoffs in August with a “small amount of cost-cutting,” Yanover says.
But the executive remains optimistic that once theaters reopen in a bigger way in 2021, Fandango’s movie-ticketing business will rebound, benefiting from pent-up demand. In the meantime, Fandango has shifted its focus to building up its home-entertainment streaming strategy. The big development here: its mid-pandemic closing of the deal to acquire Vudu, the digital movie and TV service, from Walmart in July. “We literally couldn’t get...
- 10/22/2020
- by Todd Spangler
- Variety Film + TV
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