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May 4, 2011 05:14 pm GMT
Warner Bros. Home Entertainment Group has acquired social movie discovery site Flixster. The acquisition also includes Rotten Tomatoes, a movie review site Flixster acquired from News Corp. last year. Under the terms of the deal, Flixster will continue to operate independently and will expand its services beyond movie discovery. Financial terms of the acquisition were not disclosed.Warner's interest was originally reported by AllThingsD in March, and the price of the site was valued at between $60 million and $90 million. Flister has raised a total of $7 million in funding. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-8hzF-lPRck/
Warner Bros. Acquires Social Movie Site Flixster (And Rotten Tomatoes)
Warner Bros. Home Entertainment Group has acquired social movie discovery site Flixster. The acquisition also includes Rotten Tomatoes, a movie review site Flixster acquired from News Corp. last year. Under the terms of the deal, Flixster will continue to operate independently and will expand its services beyond movie discovery. Financial terms of the acquisition were not disclosed.Warner's interest was originally reported by AllThingsD in March, and the price of the site was valued at between $60 million and $90 million. Flister has raised a total of $7 million in funding. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-8hzF-lPRck/
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