Rotten Tomatoes Sold to Flixster by News Corp
Rotten Tomatoes, the movies review website, has been sold by News Corp to Flixster, which collects user reviews for its various website and mobile applications.
One of the first websites to gain popularity, Rotten Tomatoes was sold to News Corp, as part of IGN, in the year 2005 for $650 Million. IGN is responsible for running several websites aimed at youngsters, including GameSpy and TeamXbox.
Although the financial nuances of the deal have not been revealed, it has been confirmed that IGN has gotten a minority stake in Flixster, in addition to IGN's boss getting an observer seat on the board.
13 staff members of Rotten Tomatoes will be joining Flixster's 45 employees across its San Francisco offices.
"There's no secret plan to launch a FlixsterRottenTomatoes. com... [The takeover] jump-starts us from being an exciting but emerging player to being a leader in the category", said Flixster's Chief Joe Greenstein.