Blog Post

Filings Watch: Disney Sold Movies.com To Comcast For $17 Million

imageEarlier this year in June, Fandango, the online movie tickets service that is part of Comcast (NSDQ: CMCSA), bought out movies-info site Movies.com from Disney (NYSE: DIS), for a then-undisclosed sum. Now the amount has come out, in Disney’s latest annual 10-K filing with the SEC: The movies.com business was sold for $17 million on June 18, 2008, resulting in a pre-tax gain of $14 million.

Movies.com, under its previous name MrShowbiz.com, was one of first online movie news and info sites. Then, after it morphed into Movies.com, Disney partnered with Fox to turn it into an online movies-on-demand site, but it didn