Fandom Buys Gamespot, TV Guide, & Metacritic in $55M Deal With Red Ventures

Fandom Buys Gamespot, TV Guide, & Metacritic in $55M Deal With Red Ventures
Fandom Acquires Gamespot, TV Guide, Metacritic in $55M Deal With Red Ventures 1
Red Ventures has made a deal for Fandom to take over major assets such as Gamespot, TV Guide and Metacritic.

While Nexstar Media Group has solidified their acquisition of The CW to reframe television, Fandom has acquired many of Red Ventures’ entertainment and gaming assets in the latest $55 million deal. Fandom has been the largest fan platform to date, now adding more bigger assets to their repertoire— GameSpot, Metacritic, TV Guide, GameFAQs, Giant Bomb, Cord Cutters News and Comic Vine. The platform will now be ranked as the 14th ad supported site in the U.S.

The CEO of Fandom, Perkins Miller added, “We’re thrilled to add these powerful, authoritative brands into the Fandom platform, which will expand our business capabilities and provide immersive content for our partners, advertisers and fans. The trusted insights, ratings and content they provide will make us a one-stop shop for fans across their entertainment and gaming journey.”

Miller continued to explain how the combination of Fandom advertising capabilities would be a perfect amalgamation for the acquired platforms and their strategic mission to be the number one platform for everything fandom related. The company has been known for their proprietary data platform, FanDNA which collects data and insights from its 360 advertising partners. The deal will also bolster their revenue stream on Fanatical, their gaming commercial business.

Fandom Acquires Gamespot, TV Guide, Metacritic in $55M Deal With Red Ventures 2

Chief Strategy Officer at Red Ventures, Christina Miller also released a statement on the major deal, “Today’s announcement marks the beginning of a new chapter for Red Ventures and Fandom, and we couldn’t be more excited for what’s ahead. With Fandom at the helm, we are confident these brands and their teams will be well-equipped to continue empowering and connecting gaming and entertainment audiences around the globe, while Red Ventures continues to focus on unlocking the next phase of growth and evolution of its strong stable of decision-making brands.”

While it may seem that Red Ventures has lost some major platforms, they will still own and operate CNet and other brands like LonelyPlanet, ThePointsGuy and HealthGrades. Originally, ViacomCBS owned CNet, which included TV Guide, GameSpot and Metacritic—CBS had acquired TV Guide all the way back in 2013. Then, Red Ventures acquired those assets in 2020 for $500 million.

In August 2022, Fandom had extended its RPG business by selling tabletop game maker, Cortex to studio Dire Wolf Digital. You will most likely recognize Fandom’s 250,000 Wiki communities—like when you are trying to track the names of all the characters in Lord of the Rings: Rings of Power, or trying to trace the Targaryen bloodline in House of the Dragon.



* This article was originally published here

Comments

Post a Comment

Popular posts from this blog

How To Get Your Delta 9 THC Gummies Delivered Cheaply?

Image
Do you want to indulge in Delta 9 THC Gummies for a sweet and enjoyable experience? With the rise of marijuana legislation across many states, it is easier than ever to have Cannabis delivered directly to your front door. But, just like ordering other items online, it can be hard to find the most reliable sources that offer great deals on these gummies without sacrificing quality or safety. In this article, we will provide helpful tips so that you can find out how to get Delta 9 THC Gummies delivered cheaply and remain safe while enjoying their delicious flavor! Here Are 7 Ways To Get Your Delta 9 THC Gummies Delivered Cheaply 1. Shop Around for Deals Shopping around for deals on Delta 9 THC gummies can be the key to getting your order delivered cheaper. It pays to research different vendors and websites before purchasing, as prices often differ from one outlet to another. Compare delivery times and prices from different vendors, and read reviews on customer experiences. Oth
Read more

What Governmental Body Directly Preceded the Ministry of Magic? Hogwarts Legacy Answers

Image
While completing Sophornia Quiz, she will ask you pretty challenging questions that might appear complex even if you are a big fan of Harry Potter. Therefore, answers to Sohpornia’s questions are widely required by Hogwarts Legacy players. Read this guide, and you will find out what governmental body preceded the Ministry of Magic in Hogwarts Legacy. What Governmental Body Directly Preceded the Ministry of Magic? Even though the first five questions of the quiz are straightforward, the sixth question made even the most experienced players fail. The question is, “What governmental body directly preceded the Ministry of Magic?” The game provides you with three possible answers: * This article was originally published here
Read more