Valnet Acquires Leading Movie and TV News Site ScreenRant.com
04 Feb, 2015, 12:17 ET
MONTREAL, Feb. 4, 2015 /PRNewswire/ - Leading independent movie and TV news website ScreenRant.com has been acquired by Valnet Inc., a Canadian company specialized in developing internet-based businesses and brands.
Vic Holtreman, CEO and Founder of Screen Rant, originally launched the website in 2003 as a place for fans to speak openly about the movies they love. Starting as a one man show, the ongoing addition of talented writers and editors propelled the site to become one of the most visited movie and TV news sites in the United States.
"With its full time team of developers, designers and video editors, I'm confident Valnet will take ScreenRant.com to the next level and beyond" said Holtreman.
CEO and Co-founder of Valnet Inc., Hassan Youssef, commends Holtreman for his successful creation and management of Screen Rant and looks forward to working with its highly talented editorial team. "Combining the expertise of the existing Screen Rant team and the resources Valnet has to offer will produce only great things," states Hassan Youssef.
Moving forward, Valnet and Screen Rant's longtime editorial team plans to bolster the site's unique and in-depth film and television content with enhanced features, new digital media and expanded coverage of the industry's biggest events and releases.
Valnet is based in Montreal and over the years has acquired and developed a variety of web properties. ScreenRant.com is an exciting addition to Valnet's portfolio of high traffic content sites such as TheRichest.com, TheSportster.com and BabyGaga.com, to name a few.
Valnet Inc. was represented internally by David Felicissimo, General Counsel. Screen Rant LLC/Vic Holtreman was represented by Travis Marc Wilson of Jones Waldo (Utah). Escrow.com acted as escrow agent for the transaction. Logan Abner of WeBrokr.com provided brokerage services.
SOURCE Valnet Inc.
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