IC Places, Inc. (ICPA.OB), the owner and operator of 350 U.S. city websites at www.icPlaces.com which offer a virtual keyhole view of life in each community, recently announced that the company has partnered with CinemaSource to offer show time information and movie tickets on its websites. In 2008, movie ticket sales climbed to $9.6 billion in the U.S. and Canada and to $26.7 billion globally, both generating 5 percent increases, according to a recent LA Times article.
Under the terms of the agreement, CinemaSource will provide IC Places with theater and show time information for 39,000 U.S. theaters, and will also supply statistics for the highest weekly grossing films and other box office features, including an in-depth movie guide featuring past, current and future releases, plot synopses, trailers, photos, release dates and cast lists. IC Placesâ€™ site visitors will be able to purchase movie tickets quickly and seamlessly online and via the companyâ€™s upcoming wireless application.
Steven Samblis, president of IC Places, recently stated, â€œItâ€™s a perfect time for IC Places to enter the online movie ticket business. Our Instant Movie Review, 1st Look Series and Instant DVD Review shows are experiencing millions of views each month online and on TV.â€ He concluded, â€œThis agreement allows us to capitalize on these views and convert a percent into ticket sales thus opening up an entirely new revenue stream for IC Places.â€