Rotten Tomatoes Sold to Flixster by News Corp

.

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.


Latest News

Blue Bell Returned to Central Texas and Houston on Monday
China PMI Slips to Three Year Low Pushing Gold Higher
Investors Retreat from Earlier Gains Pushing Oil Prices Down by Three Percent
Weak China PMI Raise fears, Asian Shares Slip Again
Springdale, the Small Utah town Finally Repeals Chain Restaurant Ban After a Dec
Oshkosh Corporation Won a $30billion Contract for Replacing Humvee Units of the
Federal Reserve Vice Chairman Fischer Hints Inflation is Likely to Rebound Permi
Trib Total Media Plans to Sell Nine Newspapers including Four Daily and Five Wee
Twitter Plans to Employ More Women Next Year to Diversify Its Workforce
OPEC Oil Producers Prepared to Endure Lower Oil Prices But will Continue their P
Stanley Fischer Federal Reserve Vice Chairman Says No Decision Has Been Taken fo
Biggest Daily Climb Noted in the Oil Markets in Past Six Years