Fandom Oct. 3 announced it is acquiring select entertainment properties from Red Ventures, including GameSpot, Metacritic, TV Guide, GameFAQs, Giant Bomb, Cord Cutters News and Comic Vine. Financial details of the transaction were not disclosed.
Red Ventures continues to own CNET Media Group, which it acquired from the former ViacomCBS (now Paramount Global) for $500 million in 2020.
Charlotte, Va.-based Fandom expects to add the acquired gaming, movie and TV brands’ combined 46 million monthly average users (MAUs) to its existing 300 million MAU’s, 250,000 Wiki communities and 40 million pages of content.
With the addition of these gaming, movie and TV platforms, Fandom expects to extend its programs for advertising partners — including game publishers, studios and streaming video services.
“In addition to creating exceptional fan experiences, these platforms will add to our data offering … [and] will help improve the consumer experience as well as make our commerce and advertising businesses more impactful,” Perkins Miller, CEO of Fandom, said in a statement.
This deal marks another page in Fandom’s growth trajectory. In 2018, Fandom acquired ScreenJunkies to bolster its entertainment and news coverage. The company acquired Curse Media in 2019, which combined video gaming wikis digital gaming tools. In 2021, Fandom acquired Fanatical, an e-commerce video game retailer, which strengthened the company’s footprint in gaming.
LionTree served as exclusive financial advisor to Red Ventures on the transaction.