In a heartbreaking incident, James Michael Cline, a well-known finance executive and former founder of Fandango, has passed away at the age of 64. The news of his death broke after he allegedly jumped from the 20th floor of the Kimberly Hotel in Manhattan on Tuesday morning, as reported by Variety.

According to officials from the New York Police Department, they responded to the scene at 10:19 am, where they discovered an unconscious and unresponsive male with injuries consistent with a fall from a significant height. The investigation into the incident is still ongoing.

TMZ reports that a suicide note was found in James Michael Cline's hotel room, shedding light on the tragic circumstances surrounding his untimely demise.

Throughout his career, Cline was widely recognized for his founding role in the Fandango movie ticketing business back in 2000. Although he left the company in 2011 after it was acquired by NBC Universal and Warner Bros, his influence continued to be felt in the industry. Cline also established Accumen, Insureon, and Accolade under his company Accretive, in addition to investing in Fandango.

Aside from his involvement in various ventures, James Michael Cline had a diverse portfolio of tech companies and venture capital businesses, including his role at the hedge fund Bridgewater Associates.

He is survived by his wife, Pamela B Cline, and their six children. The couple made notable headlines in late 2020 when they purchased a lavish 5-bedroom lakefront property in Palm Beach valued at over $20 million.

The news of James Michael Cline's sudden passing has sent shockwaves through the business community, leaving many colleagues and industry professionals mourning the loss of a trailblazing entrepreneur and influential figure in the world of finance. Tributes and condolences have already begun pouring in for him and his family.