Companies Top Stories

Moviefone Is On Sale By MoviePass

Moviefone Is On Sale By MoviePass

Moviefone is much from its glory days. That is only a fraction of the $388 million AOL (subsumed into Engadget’s father or mother firm Verizon Media) purchased it for in 1999. It isn’t clear what profitable bidder Born in Cleveland LLC intends to do with Moviefone; nevertheless, it’s protected to say Moviefone’s heyday is not coming again.

The service has an extended and tortured historical past. It began as an automatic telephone providing in 1989 and rapidly grew in recognition as a choice for locating showtimes in a period when newspapers and landlines dominated. Its function in a well-known Seinfeld bit spoke volumes about its effect on well-liked tradition.

Nevertheless, the rising ubiquity of web entry was not formed by Moviefone. Though it did embrace the net and cell apps, it merely wasn’t essential when any theater or search engine might supply comparable options. It shrunk to the purpose the place Helios & Matheson may snap it up for a complete of $9 million in money and inventory. After Helios & Matheson went bankrupt, Moviefone was reportedly run by only one individual. It was a traditional instance of an organization basing its enterprise round expertise grew to become obsolete — the shock is sole that Moviefone has clung to life for so long.

Recent Posts