Founder of Fandango J. Michael Cline has died: suicide in New York
19 july 2024 в 03:28
Financial executive J. Michael Cline, who founded the ticket-selling company Fandango, died Tuesday morning in Manhattan from an apparent suicide, falling from the 20th floor of the Kimberly Hotel. He was 64 years old.
According to sources from law enforcement, police from the 17th precinct and EMS arrived at the Kimberly Hotel, located at 145 East 50th St., around 10:30 a.m. on July 16 after receiving a report of a man with serious injuries. Responding officers found the 64-year-old man, who turned out to be Cline, dead at the back of the building. Further investigation by the police indicates that the man took his own life by jumping from the 20th floor of the building.
According to TMZ, Cline left a clear suicide note, which read: «I'm sorry. I can’t explain the pain of so many mistakes. I love you all», - the publication reported.
Cline, who graduated from Cornell University and earned an MBA from Harvard Business School, founded Fandango, a movie ticket-selling service, in 2000. He remained with the company, which was acquired by Comcast in 2007, for over ten years before leaving in 2011. Fandango is now owned by NBCUniversal and Warner Bros.
Although Cline had long severed ties with Fandango, the company faced challenges, particularly due to decreased theater attendance during the COVID-19 pandemic. Reports indicate that the company tried to pivot to streaming, but the revenue of its parent company NBCUniversal in the category representing Fandango reportedly dropped by 40.8% in 2020.
Cline told Variety at the launch of his old company: «Fandango was fast and fun. Fandango is the perfect blend for a service designed to make going to the movies easier and more enjoyable than ever before», - he added. «It's an instantly recognizable and distinctive name that sets us apart in our industry».
In a recent article from Fordham University, he was described as a «serial entrepreneur» who inspired students to dream big and «work with people you trust».
He also founded several other companies, including R1 RCM, Accolade, Insureon, Everspring, and Accumen, among others, and was a founding managing partner of Accretive, LLC, according to the Harvard alumni website. Prior to Accretive, Cline was a general partner at General Atlantic, and before that, an associate partner at McKinsey & Company.
According to his LinkedIn profile, Cline was currently serving as the Executive Chairman of the investment firm Juxtapose, as well as the Chairman of the National Fish and Wildlife Foundation.
He is survived by his wife Pamela B. Cline and their six children.
If you or someone you know is having thoughts of suicide, please call the National Suicide Prevention Lifeline at 988 or visit SpeakingOfSuicide.com/resources
According to sources from law enforcement, police from the 17th precinct and EMS arrived at the Kimberly Hotel, located at 145 East 50th St., around 10:30 a.m. on July 16 after receiving a report of a man with serious injuries. Responding officers found the 64-year-old man, who turned out to be Cline, dead at the back of the building. Further investigation by the police indicates that the man took his own life by jumping from the 20th floor of the building.
According to TMZ, Cline left a clear suicide note, which read: «I'm sorry. I can’t explain the pain of so many mistakes. I love you all», - the publication reported.
Cline, who graduated from Cornell University and earned an MBA from Harvard Business School, founded Fandango, a movie ticket-selling service, in 2000. He remained with the company, which was acquired by Comcast in 2007, for over ten years before leaving in 2011. Fandango is now owned by NBCUniversal and Warner Bros.
Although Cline had long severed ties with Fandango, the company faced challenges, particularly due to decreased theater attendance during the COVID-19 pandemic. Reports indicate that the company tried to pivot to streaming, but the revenue of its parent company NBCUniversal in the category representing Fandango reportedly dropped by 40.8% in 2020.
Cline told Variety at the launch of his old company: «Fandango was fast and fun. Fandango is the perfect blend for a service designed to make going to the movies easier and more enjoyable than ever before», - he added. «It's an instantly recognizable and distinctive name that sets us apart in our industry».
In a recent article from Fordham University, he was described as a «serial entrepreneur» who inspired students to dream big and «work with people you trust».
He also founded several other companies, including R1 RCM, Accolade, Insureon, Everspring, and Accumen, among others, and was a founding managing partner of Accretive, LLC, according to the Harvard alumni website. Prior to Accretive, Cline was a general partner at General Atlantic, and before that, an associate partner at McKinsey & Company.
According to his LinkedIn profile, Cline was currently serving as the Executive Chairman of the investment firm Juxtapose, as well as the Chairman of the National Fish and Wildlife Foundation.
He is survived by his wife Pamela B. Cline and their six children.
If you or someone you know is having thoughts of suicide, please call the National Suicide Prevention Lifeline at 988 or visit SpeakingOfSuicide.com/resources
© Puhova Marina
