Wednesday, June 25, 2014
Moviepilot Goes Native, Bets On LA, US Market
Moviepilot, the online film review and publishing site led by Tobias Bauckhage, has sold off its German website, moviepilot.de, to French publisher Webedia. The move puts the company's focused squarely on its Los Angeles operations. The sale netted the company $20M, which it will use to fund its U.S. efforts. Moviepilot's web site focuses on film recommendations, film discovery, and the company also helps studios with social media campaigns. Moviepilot set up shop in LA in 2012, due to the entertainment industry's base here. Moviepilot is venture backed by T-Venture, Grazia Equity, IBB Beteiligungsgesellschaft, and angels.