News Corp. Unloads Rotten Tomatoes
Online movie community Flixster stocked up on a bunch of Rotten Tomatoes to throw, acquiring the movie-review site from News Corp.’s IGN Entertainment, which will receive a minority stake in Flixster as part of the transaction. Financial terms were not disclosed.
The two sites—which reach a combined 30 million or so monthly visitors worldwide across multiple platforms—will continue to operate separately.
Flixster co-founder and CEO Joe Greenstein said:
To use movie terminology, we think this is a blockbuster double-bill.
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