Manuel Olguin

  • Current company Cinepapaya
  • Location Peru
  • Industry Consumer Services

From Bogotá to Beirut, cinema seats are increasingly being filled by more than just Hollywood-hungry Americans. Markets outside the US now account for 70% of total movie ticket sales: an increase of 33% from five years ago. Cinepapaya is harvesting the fruits of increased international demand for movie tickets by providing a platform for online and mobile ticketing sales. The company has expanded its operations throughout Latin America, facilitating ticket sales in five Latin countries and delivering content in 18. The region’s US$2.6 billion in annual ticket sales are not enough to sate Cinepapaya’s ambitions; the company seeks to establish itself as a global brand by expanding to other emerging markets – selling 50 million tickets (US$109 million) by 2018.

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