Comcast to Acquire Fandango, Launch New Online Destination

PHILADELPHIA/LOS ANGELES, April
11: Comcast Corporation is to acquire Fandango, a website for movie information
and ticketing, and is planning to launch Fancast.com, a new online destination
that will enable consumers to manage their viewing options across many devices
and channels.

The move bolsters Comcast’s
online presence, with Comcast.net currently receiving more than 2.5 billion
page views, more than 80 million videos viewed and 15 million unique visitors
per month.

Fancast, which will launch this
summer, will be an entertainment site where people can search and discover
television and movie content, while managing their viewing experience across
multiple devices. Consumers will be able to search for their favorite shows,
movies, actors and actresses, or just view the video content on the site.
Fancast will provide consumers with a place to discover when their favorite
shows or movies are on, and where they can view them via television, video-on-demand,
online or on other devices.

Fandango will be a core part of
the Fancast user experience.
Fandango.com receives between 4 million and 5 million unique visitors
each month.

Both Fandango and Fancast will
be managed by Comcast Interactive Media (CIM), a division of Comcast that
develops and operates Internet businesses focused on entertainment, information
and communication.

"Fandango is one of the
strongest entertainment brands online as well as a dynamic, profitable business
with a superb management team and rapidly growing advertising revenue,"
said Amy Banse, the president of Comcast Interactive Media. "Adding
Fandango to Comcast Interactive Media and creating Fancast.com will enable us
to leverage our combined assets to offer consumers an outstanding entertainment
experience."

Fandango will continue to be
led by CEO Chuck Davis who will work with Comcast Interactive Media to grow
Fandango's online entertainment and ticketing business and expand the Fandango
e-commerce experience across platforms and brands. Fandango will remain
headquartered in Los Angeles.