Comcast has purchased online movie information and ticketing site Fandango. They also have plans to launch Fancast.com that is designed to help users manage their entertainment experience.
Comcast Does The Fandango
Fandango receives between 4 and 5 million unique visitors each month. The company was formed in 2000 by several of the top 10 theater franchises. A price tag for the Comcast acquisition has not been disclosed.
Fancast will launch in the summer and will be an entertainment site where users can search for television and movie content. Fancast users will be able to search for shows, movies, actors or watch video content on the site. The site will also provide information on where shows or movies are airing/playing and in what media format.
Fandango and Fancast will be managed by Comast Interactive Media (CIM). CIM sites will feature content from Fandango and will increase traffic for both web properties.
“Fandango is one of the strongest entertainment brands online as well as a dynamic, profitable business with a superb management team and rapidly growing advertising revenue,” said Amy Banse, President of Comcast Interactive Media.
“Adding Fandango to Comcast Interactive Media and creating Fancast.com will enable us to leverage our combined assets to offer consumers an outstanding entertainment experience.”
Fandango will continue to be run by CEO Chuck Davis who will work with CIM to expand the site across platforms and brands. Their headquarters will remain in Los Angles and the deal will close in the second quarter.
“Comcast will enable us to expand our reach with moviegoers, enhance our product, and grow Fandango into an even bigger brand and stronger business,” said Chuck Davis, Chairman and CEO of Fandango
