Movies.com~ “purchase price was minimal” ???
June 23, 2008 · Print This Article
As it was reported that AM, Movies.com was purchased from Disney by Fandango which is owned by Comcast. I was reading the story on Yahoo! and was pretty shocked to read Comcast say the "purchase price was minimal" for Movies.com . WHAT??? possibly their "minimal" is WAY different soon after my thinking…
The story plus stated "Fandango said it had 6.3 million monthly different visitors to its Web site in May compared with 1.9 million for Movies.com."
Any domain that is getting 1.9 MILLION UNIQUES per month is going to cost a pretty penny! I know Comcast has a boat load of money, but I’m certain that domain sale could very well rank near the top of all moment domain sales IMO.
Since the selling price was not disclosed, I can not say Disney got the poor end of the deal, but to take in Comcast say the purchase price was minimal, Disney (The Movie Maker) got the short end of the deal. Why list your "movies" under http://home.disney.go.com/movies/ ? Disney already uses Go.com for it’s main site and uses subdomains for all of it’s linking from what I can see, so possibly that’s why they sold?
Also to note: The Montley Fool reports that Fandango did not migrate Movies.com current members into Fandango’s interface, so all Movies.com users will need to sign up with Fandango.
[Source] admin




Comments
Got something to say?