Fandango buys Movie.com & Movies.com from Disney

[musicdotmobi]

Fandango buys Movie.com & Movies.com from Disney

http://www.latimes.com/business/la-fi-movies24-2008jun24,0,311495.story

Not sure this is old news but probably the first time a company buys 2 huge generics (singular and plural).

I wonder what the price was paid to Disney. Anyone know? Maybe this is old news. Quite an interesting acquisition. it certainly makes sense.

 

[buyauthority]

Thanks. First time I heard of this one. Also, quite surprise Disney would sell but then again money talks. Our NP investigators will come up with these amount paid soon.

 

[Elite24]

nice!!

 

[labrocca]

Disney are complete morons.

Those domains SHOULD have been priceless to them.

 

[Jake]

Disney are complete morons.

Those domains SHOULD have been priceless to them.

I have to agree.

 

[luffo]

Thanks for the article,

Disney what are you guys doing ?

Wonder how much they paid for these SUPERB names

 

[gazzip]

Wonder how much they paid for these SUPERB names

Me too, you know the Mouse House would'nt sell em off cheap, pitty the price is'nt public




.

 

[lzy]

Disney are complete morons.

Those domains SHOULD have been priceless to them.

It must have been a very, very considerable sum of amount to let these 2 gems go.

 

[labrocca]

Long term this was a stupid move. Fandango shouldn't be able to buy these for even a couple billion. Reality is that Disney is in the business of movies. They could have done tremendous things themselves WITHOUT Fandango for movie.com and movies.com. IMHO...Not even a BILLION is worth it for Disney to sell these names.

Imagine Ebay selling off auction.com or Dell selling Network.com Disney had it's gem domain for the generic. It should have just kept it as a trophy at least.

 

[Spade]

It must have been a very, very considerable sum of amount to let these 2 gems go.

Oh yah. Im sure they did quite well.

 

[Malaysia]

first time to hear it the other way round.

 

[snoop]

Long term this was a stupid move. Fandango shouldn't be able to buy these for even a couple billion. Reality is that Disney is in the business of movies. They could have done tremendous things themselves WITHOUT Fandango for movie.com and movies.com. IMHO...Not even a BILLION is worth it for Disney to sell these names.

Unrealistic, only in some domainers eyes are these "priceless".

 

[nicedomains]

Funny to run across this right now as I am on vacation in Fla. We went to Hollywood Studios yesterday and are going to Universal Studios, Animal Kingdom and Magic Kingdom later this week. With as much money as they funnel in from these parks, MOVIES and MOVIE paraphanelia I can't believe they would ever sell these domains. Mind boggling to me. I'm going to ask Mickey Mouse tomorrow WTF the guys upstairs were thinking!

@fghi - Find another forum to spam dude..

 

[smashfactory]

read this elsewhere:

That Disney was willing to shed the asset should come as no surprise given CEO Bob Iger's strategy to focus on its Disney, ABC and ESPN brands.

Disney said a dozen of its Disney Internet Group employees will be reassigned because of the Movies.com sale and no layoffs are expected.

Comcast purchased Fandango a year ago for about $200 million. While Fandango usually doesn't disclose how many tickets it sells, it recently broke protocol by saying that it had sold 1 million tickets to "Sex and the City" for its opening weekend.

 

[Pred]

Disney are complete morons.

Those domains SHOULD have been priceless to them.

i agree.

wish we could know how much they went for though

 

[nasaboy007]

Disney's gonna buy fandango, and then its all gonna be lol.

i'm calling it.

 

[smashfactory]

comcast bought fandango- its actually comcast that bought the names as part of their "bigger" plan

 

[ballisticjoe]

Sweet domains, sure would like to know how much cash was exchanged :sold:

 

[gazzip]

Sweet domains, sure would like to know how much cash was exchanged :sold:

This is off DnJournal this week

In another piece of big news that Matt of WeBuyThe.com directed me to, the price that Fandango paid to get Movies.com from the Walt Disney Company earlier this summer was a cool $14 million. The number was revealed in Disney's latest quartely 10-Q filing. This was the purchase of a business rather than a domain name only, so this isn't one we can chart, but it is obviously still a significant sale. Disney sold tickets to 15,000 theaters around the country from the site and Fandango intends to expand the feature set at Movies.com.


.

 

[nicedomains]

$14 Million for both

What a steal!