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Source:CenterNetworks

Movie news and reviews site Movies.com has been acquired by Fandango. Fandango is owned by Comcast and Movies.com was owned by the Walt Disney Internet Group. Financial terms of the deal were not disclosed.

Nielsen/Netratings reports that for May 2008, Fandango reached 6.3 million monthly unique visitors, while Movies.com served 1.9 million monthly unique visitors. There was apparently very little overlap in the users.

Rafat Ali at PaidContent notes that Fandango’s ad team will sell advertising on both sites. He also spoke with Disney who said that a dozen of its Disney Internet Group employees will be reassigned because of the Movies.com sale and no layoffs are expected.

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This entry was posted on Monday, June 23rd, 2008 at 7:30 am and is filed under acquisition, Quick News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.