Comments on: $200+ Million For Fandango

By: RazorSharp iPods & Raw Gadgets » Blog Archive » Comcast To Buy Movie Site Fandango

Mon, 21 May 2007 06:47:08 +0000

[...] Update: We’re hearing the price was around $200 million. [...]

By: patricia

patricia — Thu, 12 Apr 2007 18:03:08 +0000

@ Brian, ha! I thought about their commercials the minute I saw this too.

I think what’s moreso very interesting here is what Comcast is cooking up that prompted a move like this. I think the video and movie space is going to get very interesting in the coming year as bigger fish come in. AT&T is rolling out its initiative (albeit with a lot of criticism, I guess), Verizon. I think it’s yet to be seen what they all do and where they play, but a cool evolution no less.

I want to believe Comcast has something slick and sexy up its sleeve. Though we’ll see.

By: Brian Solis

Brian Solis — Thu, 12 Apr 2007 16:36:34 +0000

Great. More money for those paperbag puppet commercials!

Comcast is a natural fit for this relationship and will most likely increase fandango’s revenue. It’s the only service I use for picking up tix…

I’d like to see something like this take place for Opentable…it’s a great service, like fandango, just needs greater reach and an easier buy-in for restaurants.

By: Online Stock Trading News With The Proficient Investor

Online Stock Trading News With The Proficient Investor — Thu, 12 Apr 2007 16:26:43 +0000

[...] 26% of MovieTickets.com, by 2.2%. Apple fell by 1.8% and Google by 0.4%. Sources: Press release, TechCrunch , Bloomberg, WSJ Commentary: MovieTickets.com Wins Yahoo! Deal * Hollywood Media Must Unlock Value [...]

By: Garth

Garth — Thu, 12 Apr 2007 15:25:11 +0000

Flixster has no theater relationships, and no $50 million in revenue, this is not just about pageviews.

By: Wil Schroter

Wil Schroter — Thu, 12 Apr 2007 13:59:57 +0000

Typically when it takes this long for a company to come around, the equity gets diluted quite a bit. You just have too many people coming and going over time to maintain a healthy bit for everyone.

By: pallet jack

pallet jack — Thu, 12 Apr 2007 13:23:37 +0000

- great deal for a dot - com bust / its amazing that they could hang around -

- I hope the pay off is great for everyone -

By: ToddW

ToddW — Thu, 12 Apr 2007 07:41:10 +0000

5 year purchase or 5 year plan it will become MORE profitable now that Comcast and promote it on a ton of channels “cheaper” than the previous owner.

By: CSamarin

CSamarin — Thu, 12 Apr 2007 06:24:23 +0000

So based on Flixter.com’s current numbers they should get like $1 Billion right now???

Someone go tell Flixster it’s time to SELL!!!

By: Don Wilson

Don Wilson — Thu, 12 Apr 2007 05:56:31 +0000

Fandango is worth every penny. I usually visit it about 10 times a week.

By: Bazaar

Bazaar — Thu, 12 Apr 2007 05:39:36 +0000

Chuck Davis did good! The ROI on this was maybe a 2-3X given the threatre chains kept a bunch of the equity all along. This isnt about technology you dweebs!!! this is about distribution alliances.

By: Alejandro

Alejandro — Thu, 12 Apr 2007 05:19:05 +0000

Lot’s of money in …approx $51M

That said, impressive return for a dot bomb survivor. VC’s got back their original $51M and then probably made another $75M.

By: Eric Schmidt

Eric Schmidt — Thu, 12 Apr 2007 05:08:17 +0000

200 million for fandango? How is that in any way a good deal. Revenues of 50m on mediocre profits. Especially when the competition continues to mount. Sometimes I think these companies have a 5 year decision process. They actually started to buy fandango in 2002, but it just finally went through. Next month Comcast is going to acquire American Dixie Cup and String Company. They do short range communication better than anyone else.

By: Adrian

Adrian — Thu, 12 Apr 2007 05:07:00 +0000

What made Fandango the one and not any of the other video sharing sites, why now and not later?

By: Direct Textbooks

Direct Textbooks — Thu, 12 Apr 2007 04:46:37 +0000

Yeah, I don’t know but that seems pretty low, especially in the recent climate. I think a good choice too.

By: Garth

Garth — Thu, 12 Apr 2007 04:38:12 +0000

Comcast usually buys cheap, AT&T Broadband, TechTV, QVC, parts of Adelphia, MGM and United Artists. As far as I remember all of those are considered to be fantastic deals.

Their remnant inventory on their cable networks enables them to promote and distribute things they buy to a wide audience.