TheWrap Buys

Santa Monica-based The Wrap News, an online news site covering entertainment and media, said this week that it has acquire, an online, subscription service providing information on ongoing movie projects. Financial terms of the cash and stock deal were not disclosed. was founded by Jason Scoggins, who becomes Chief Product Officer and general manager of for TheWrap. TheWrap is headed by Sharon Waxman, a former New York Times reporter, and is venture backed by Maveron.