June 23, 2008 6:57 AM PDT
Disney sells Movies.com to Comcast's Fandango
Fandango, the movie-ticketing company owned by Comcast since 2007, announced on Monday that it has acquired Movies.com, a movie news and reviews aggregator. Movies.com had previously been owned by Disney's Walt Disney Internet Group.
Financial details were not disclosed.
The aim of the acquisition is to provide a one-stop movie hub for the Web, executives said.
"We are pleased to expand our rich-entertainment reach through this strategic addition of Movies.com," Chuck Davis, CEO of Fandango, said in a statement. The ticketing site currently sells admission to 15,000 theaters in the United States. "We'll be able to leverage our combined assets to offer millions of new moviegoers the best movie-related information available on the Web."
Originally posted at The Social
Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos. E-mail Caroline.
