Tix Corporation (TIXC)

Overview

Tix Corporation, initially founded in 1993 as Cinema Ride, Inc., has established its presence in the entertainment industry through its subsidiary that focuses primarily on offering discounted entertainment and dining reservations. With its headquarters in Studio City, California, the company rebranded itself to Tix Corporation in March 2005, signaling a shift towards a more focused mission in the ticketing sector. It has carved out a niche by providing discounts of up to 50 percent on tickets for same-day shows, concerts, attractions, and tours, predominantly in Las Vegas. The operation of nine discount ticket stores under the Tix4Tonight marquee and an online sales site positioned the company as a significant player in the discount ticketing market. However, the company faced financial challenges, resulting in a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Nevada on August 24, 2021. This led to an approved plan for Chapter 11 liquidation on February 7, 2022, marking a significant transition in the company’s operations.

Products and Services

• Discount Ticketing - Tix Corporation offered tickets at discounts up to 50 percent for same-day shows, concerts, attractions, and tours through both its physical Tix4Tonight stores and online through tix4tonight.com. This service catered to those looking for last-minute entertainment options at a reduced price, providing an affordable avenue for tourists and locals alike to enjoy Las Vegas's diverse entertainment offerings.
• Discount Dinner Reservations - Beyond entertainment, the company extended its discount services to the dining sector, offering reduced prices on dinner reservations. This service aimed to enhance the overall Las Vegas experience by making dining more accessible and affordable, complementing the discounted entertainment options.
• Online Booking Services - Recognizing the shift towards digital transactions, Tix Corporation provided online booking services for a wide range of entertainment and leisure activities. This platform offered a convenient way for customers to explore and secure tickets for shows, concerts, tours, and attractions, streamlining the process of planning and enjoying Las Vegas’s vibrant entertainment scene.