Feb 9, 2010

Updated: Flixster Issues $12.5 Million In Shares To News Corp For Rotten Tomatoes

Update CEO Joe Greenstein got back to us. He says, "We actually have not raised any new money recently." Movie ratings site Flixster raised issued $12.5 million in new shares funding, according to an SEC filing. The last time Flixster raised money was a $5 million Series B in April, 2008. The new round brings the company's total capital raised to $19.5 million. Flixster operates both a Web site and a companion iPhone app, which is the most popular movie app in the App Store. The iPhone app lets consumers find nearby movies, add their ratings, and buy tickets. In January, the company bought Rotten Tomatoes from News Corp for an undisclosed sum. The combined reach of the two movie review services is 30 million people, according to the companies.

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