December 4, 2025
New York, NY – December 4, 2025 – VERSANT, Comcast’s planned spin-off of select media brands and digital businesses, today announced that it has acquired INDY Cinema Group, a modern, cloud-based cinema operating system, enhancing its offerings under Fandango, the nation’s leading online movie ticketer. As part of Fandango, INDY will offer a vertically integrated software platform designed to support key operational functions across ticketing, point-of-sale, concessions, loyalty, marketing, inventory management, and real-time analytics. The acquisition expands the tools available to Fandango’s cinema partners and integrates a comprehensive operating solution into the company’s existing suite of products.
With a presence in nearly 300 locations worldwide, INDY’s robust multi-language capabilities allow cinemas to operate seamlessly around the world. INDY strengthens Fandango’s position with cinemas domestically while enabling a clearer path for international expansion and deeper operational integration.
This transaction aligns with VERSANT’s approach of transforming vertical businesses that extend into technology, services and direct consumer engagement. Similar to the evolution of VERSANT’s golf vertical, GolfNow, which expanded from a single platform into a portfolio of tee-time booking, course-management software and subscription products, the addition of INDY provides a foundation for broader operational tools and new market opportunities within the cinema space.
“At VERSANT, we have a track record of building vertical businesses that extend well beyond their origins,” said Mark Lazarus, Chief Executive Officer of VERSANT. “Integrating INDY into Fandango reflects a similar strategy: strengthening our core brands while expanding into adjacent services that support partners and consumers across the broader entertainment marketplace.”
“INDY has done an exceptional job of providing a strong foundation for cinemas to operate more efficiently and deliver a best-in-class user experience,” said Will McIntosh, President, Digital Platforms and Ventures, VERSANT. “With the acquisition of INDY, we are excited to not only strengthen the support to our nearly 3,000 cinema partners across the U.S. but also create a new global standard for how they can run their businesses and expand their offerings. Fandango and INDY together are positioned to become the digital backbone of modern exhibition.”
“From day one, we saw firsthand how outdated tools held theaters back, and we made it our mission to provide a smarter, more flexible and intuitive solution through INDY,” said Ian and Carmen Brown, Co-Founders, INDY Cinema Group. “From our very first conversations with Will and the Fandango team, it was clear that we shared the same vision and commitment to championing the cinema industry. We are thrilled to join forces and continue to lead INDY’s efforts within Fandango and VERSANT to take this vision even further by supporting and elevating cinemas across the globe.”
INDY Cinema will operate within VERSANT as part of Fandango.
About Fandango
Fandango digital network provides unrivaled, instant access to all things movies and TV, enhancing fan enjoyment across the entire entertainment journey. The portfolio serves more than 50 million unique visitors per month and includes leading online movie ticketer, Fandango, which tickets for 31,000 U.S. movie screens; world-renowned entertainment review site, Rotten Tomatoes; and Fandango at Home (previously Vudu), the on-demand streaming service offering the industry’s best selection of 4K UHD titles and more than 250,000 new release and catalogue movies and next day TV shows.
About VERSANT
VERSANT (Nasdaq: VSNT), Comcast Corporation’s planned spin-off, will be a leading independent publicly traded media company comprised of certain of NBCUniversal’s cable television networks, including USA Network, CNBC, MS NOW, Oxygen, E!, SYFY and Golf Channel, along with digital assets Fandango, Rotten Tomatoes, GolfNow, GolfPass and SportsEngine. The well-capitalized company will have significant scale as a pure-play set of assets anchored by leading news, sports and entertainment content. The spin-off is expected to be completed in early 2026, subject to the satisfaction of customary conditions.
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only our beliefs regarding future events, many of which are inherently uncertain and outside of our control. These may include, among other things, the anticipated benefits of the acquisition of INDY Cinema Group, the integration of INDY into Fandango, opportunities for international expansion, our vertical and technology growth strategies, and the expected timing and benefits of Comcast’s planned spin-off of VERSANT, as well as other aspects of our operations, strategy, and plans. These statements are often identified by words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “potential,” “opportunity,” “will,” “would,” “should,” “could,” “may,” “goal,” “commit,” “future,” “strategy,” “project,” “forecast,” “target,” “continue,” “will likely result,” and similar expressions. However, the absence of these words does not mean a statement is not forward-looking.
Forward-looking statements involve risks, uncertainties and other factors that are difficult to predict and that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, including risks relating to our ability to integrate INDY and realize the expected benefits of the acquisition, shifts in audience or industry trends, technology adoption, changes in competitive or regulatory conditions, the completion and timing of the planned spin-off, and the risks described in the “Risk Factors” section of the Company’s Registration Statement on Form 10, as amended, which has been publicly filed with the Securities and Exchange Commission.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made and involve risks and uncertainties that could cause actual events or results to differ materially from those expressed in any such statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the fairness, accuracy, or completeness of any of these forward-looking statements. Except as required by law, we undertake no obligation to update any forward-looking statements or any other information contained in this release.
Media Contacts:
Erin Calhoun
Hollie Tracz
Investor Contacts:
Wylie Collins
Wylie.Collins@VersantMedia.com
Natalie Candela natalie.candela@versantmedia.com
