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Hollywood Media Acquires U.K. Movie Theater Site Network CinemasOnline

Authored by Mark Hefflinger on November 28, 2005 - 10:32am.
Baton Raton, Fla. - Florida-based Hollywood Media, a provider of news and ticketing services for entertainment companies, announced that it has acquired England-based CinemasOnline, a group of advertising and data services companies in the U.K. and Ireland. The cash purchase was for $3.45 million. Hollywood Media estimates that CinemasOnline will have $5 million in revenue and $1.1 million in operating income during the next year. CinemasOnline's business primarily involves maintaining websites for cinemas and live theatres in the U.K. and Ireland. In exchange for managing the websites, CinemasOnline retains the right to sell advertising on the websites.
tags: Movies | Website | U.K | Theater | Hollywood Media | CinemasOnline |