Flixster Acquisition May Not Be Too Far Away
“They [Joe Greenstein and Saran Chari, founders of Flixster] have built an amazing user generated content site around movies, including ratings, reviews, actor pages, trivia quizes, movie compatability tests and tons of other stuff.”
-Jeremy Liew, Partner at Lightspeed Venture Partners
San Francisco, Calif.-based movie and social network database, Flixster.com, has seen exponential growth since its January 2006 start. Flixster currently has 30 million-plus user homepages, has 870 million+ movie ratings, and 1.5 million+ quiz questions in user-generated content. The database currently also hosts over 30,000 movie profiles, 60,000 actor profiles, 1.1 million pictures, and 310,000 videos. Flixster’s Facebook Application is part of the reason why Flixster has seen enormouse growth as well.
Today TechCrunch reported that we may see a Flixster acquisition happen soon. TechCrunch sources have cited that a letter of intent was sent to Flixster from InterActivCorp (NASDAQ:IACI), parent company of Ask.com, LendingTree, Ticketmaster, HSN, and Match.com. The rumored valuation is worth $150 million.
Flixster is monitored by several administrators and the company has about 8 employees. Besides the Facebook Application, another reason for Flixster’s accelerated growth is because users are asked to provide GMail or Yahoo! Mail passwords and then the user is asked to invite friends and family from their contact lists.
Flixster is powered with $2 million in funding from Lightspeed Venture Partners. Keep checking Pulse 2.0 to see whether the acquisition takes place.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry