Fandango, best known for their movie ticket purchasing service, will acquire the Flixster movie app and its well-known Rotten Tomatoes movie review ratings brand. The specific financial terms of the deal were not disclosed.
Deadline has the news on the deal:
"Flixster and Rotten Tomatoes are invaluable resources for movie fans, and we look forward to growing these successful properties, driving more theatrical ticketing and super-serving consumers with all their movie needs," Fandango President Paul Yanover said in a statement. "Our new expanded network will offer unparalleled capabilities for all of our exhibition, studio and promotional partners to reach a massive entertainment audience with innovative marketing and ticketing solutions that benefit from original content, home entertainment products, 'super tickets,' gifts with purchase and other new promotional opportunities."
Warner Bros. Entertainment previously owned Flixster and Rotten Tomatoes; this deal will see Warner Bros. acquire a minority stake in Fandango, which is owned by NBCUniversal. Fandango's ticketing service will be integrated into the Flixter app later this year. Flixster Video won't be included in this deal; its users will be directed to access the upcoming video-on-demand service from Fandango before Flixster Video shuts down later this year.
Source: Deadline
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