Moviefone, a brand once valued at nearly $400 million, has been sold to a TV producer for a tiny fraction of that amount — $1.075 million.
Los Angeles-based Cleveland O’Neal III, creator of the syndicated daytime TV series “Made in Hollywood,” on Wednesday announced his holding company Born in Cleveland is the new owner of Moviefone, the film listings service most recently owned by defunct service MoviePass’ parent company.https://www.latimes.com/entertainment-arts/business/story/2020-03-25/moviefone-sale-seinfeld-oneal
It’s not every day that you get one degree of separation closer to Jerry Seinfeld but that’s just what happened to us at the CSUF Startup Incubator!
Congratulations are in order to Cleveland O’Neal III, an alumnus of our CSUF Startup Incubator and the President and CEO of Connection III Entertainment Corp, for his acquisition of Moviefone. When Cleveland told us about this news he said that his “CSUF Startup Incubator exploration has come full circle” and that his focus is now on integrating Moviefone’s assets into his growing media company empire.
We’re extremely proud of Cleveland’s accomplishments and are looking forward to seeing what he will accomplish in the future!
To read the whole story, please go here: https://www.latimes.com/entertainment-arts/business/story/2020-03-25/moviefone-sale-seinfeld-oneal
We are dedicated to helping the next generation of entrepreneurs develop the skills that they need to compete locally and globally. The CSUF Entrepreneurship program does many things,