Wednesday, April 11, 2007

Comcast Buys Fandango



"Comcast Corporation (Nasdaq: CMCSK, CMCSA), the nation’s leading provider of cable, entertainment and communications products and services, today announced that it has reached an agreement to acquire Fandango, the nation’s premier destination for movie information, showtimes and ticketing, and one of the Web’s top entertainment sites. The company also announced plans to launch Fancast.com, a new national online destination that will enable consumers to search, discover, manage and enjoy their entertainment experience across many devices and channels, including television, computers, DVDs and wireless services.
Comcast has a major Internet presence, through Comcast.net, which is now a top 10 site with more than 2.5 billion page views, more than 80 million videos viewed and 15 million unique visitors per month. Comcast will leverage its experience as the nation’s largest buyer of video content, serving nearly 25 million cable customers and 11.5 million broadband customers, to expand its existing video-centric websites and create a new online destination, Fancast.com. "

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