Flixster operates a movie ratings website and companion mobile applications, including a top-ranked iPhone app that helps users find nearby movies, add ratings, and buy tickets. The company acquired Rotten Tomatoes from News Corp in January, combining the two services’ reach to about 30 million people. Flixster’s mobile applications on iPhone, Android, and BlackBerry had crossed 11 million users. An SEC filing shows Flixster issued $12.5 million in shares to News Corp in connection with the Rotten Tomatoes transaction. The filing notes the first sale of securities in this issuance was December 31, 2009. The company previously raised a $5 million Series B in April 2008; the filing reports total capital raised of $19.5 million. CEO Joe Greenstein said the filing described shares issued to News Corp as part of the acquisition and cautioned against interpreting the $12.5 million as the definitive valuation of the deal. Flixster is a San Francisco–based social network focused on user-generated movie ratings and discussions. The site has recently seen very heavy user registration and page-view growth. Its core product centers on movie discovery and community discussion around films. The company closed a small financing round amid that traffic surge. Reporting suggested the round's valuation was likely under $10 million. There were also rumors that major studios had shown interest as investors or potential acquirers; founders have since confirmed the financing and shared traffic statistics.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2010