Over the past few years, movie theater chains have been struck by a slowdown in the number of seats sold. Due to escalating ticket prices, they’re having a difficult time getting people into their theaters.
Dealflicks, which considers itself a kind of “Priceline for movie tickets,” is trying to change that by partnering with theater chains and offering discounted tickets and snacks at concessions stands. And it’s raised $1.7 million in seed funding to do so.
Investors in the round include 500 Startups, Siemer Ventures, Archer Gray, Rubicon VC, Wefunder, Be Great Partners, Rosepaul Investments, Mogility Capital, Sierra Maya Ventures, and Warner Brothers Media Camp. It also had some angels participate, including Ajay Narula, Richard Wolpert, Larry Braitman, Marc Berger, Hersh Narula, Jason Kothari, Darcy Wedd, and others.
Getting people into the theaters is becoming a challenge, especially since theater chains make most of their money off concessions. According…
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