J. Michael Cline, a founding investor and former chairman of on-line ticketing service Fandango, died Tuesday after falling from the window of a high-rise resort in midtown Manhattan.
The New York Submit had the information first. The NYPD confirmed to Deadline {that a} man of that title and age, 64, fell from the Kimberly Lodge at 145 East fiftieth. Reviews stated he died by suicide and left a observe.
Cline was a managing companion at Accretive, which funds start-up firms, and the chief chairman of Juxtapose, which has an identical mission however focuses on constructing consumer-focused firms, in keeping with social media and firm web sites.
Earlier than he launched Accretive, Cline was a founding investor in Fandango in 2000 as a companion at Basic Atlantic. Early staff of the ticketing service whom Deadline spoke with at this time known as him completely key in getting the brand new firm off the bottom. Notably, he negotiated offers with film theaters chains together with Regal and Cinemark, none of which used on-line listings but, to hitch the location. He needed Fandango to compete with the 800-pound gorilla on the time, Moviefone, the ever present phone call-in listings service based in 1989.
A former colleague stated Cline was “inventive, and made certain the exhibitors had sufficient of a chance so it made sense for them.” He known as Cline beneficiant and philanthropic, donating vital sums to environmental causes just like the World Wildlife Fund.
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Different firms he based embrace R1 RCM, Accolade, Insureon, Everspring and Accumen.
Cline and others cashed out of Fandango in 2007, promoting a majority stake to NBCUniversal, which owns it nonetheless. Warner Bros Discovery is a minority investor.
If you happen to or anybody you realize is having ideas of suicide, name or textual content 988 to succeed in the Nationwide Suicide Prevention Lifeline.
