THE DRINK NATION IS A FREE RESOURCE FOR FINDING EVERYTHING AWESOME ABOUT DRINKING IN YOUR LOCATION

AB InBev Buys Minority Shares in RateBeer.com: Craft Beer Brands Ask to Be Removed From Site

by Alexander Frane on Jun 12, 2017 in Beer

Global conglomerate Anheuser-Busch InBev is well known for acquiring beer companies, including multiple craft breweries, as well as its #1 competitor, SABMiller, in a $100 billion dollar transaction. There is a growing concern in the beer community that ABI is growing too large and risks becoming a monopoly. For those that share the concern, the news that ABI now has minority stake in RateBeer.com, a popular beer review site, offers little comfort. It might be especially concerning considering the relative anonymity in which the purchase happened.

Good Beer Hunting was the first to report the news after clever sleuthing on their part uncovered information about the purchase in March of 2017. Writers at GBH found the LinkedIn profile of a product manager at ZX Ventures, a subsidiary of ABI, who was supposedly involved in a merger with Rate Beer. Though the Executive Director, Joe Tucker, originally declined to comment on the merger, it appears that the transaction began in early 2016. However, stakeholders were not made aware of the exact nature of the purchase, only that a “big investor” was interested. They only recently found out in a press release on Friday, June 2, 2017.
 
Tucker assured Good Beer Hunting that the purchase would have no effect on the ratings on the site. “RateBeer is acting independently,” Tucker told writers at GBH. “We’ve always acted independently. The value of our scores is based on our independence. We’ll continue to operate in the same way.” He described the purchase of stake by ZX as beneficial to Rate Beer, saying  it would help the company “keep pace with technology and keep pace with the growth of the community.” Likewise, a representative for ZX said that Ab InBev’s interest in Rate Beer was purely “Insight into consumer trends”, saying, “It’s a better understanding of the beer consumer, and the beer markets globally. That’s really going to help us kind of keep our finger on the pulse.”
 
However, not everyone seems placated by the statements made by Rate Beer and ZX/AB InBev. Sam Calagione, founder and president of Dogfish Head Brewery out of Delaware, has publicly requested that all Dogfish Head beers be removed from Rate Beer network. “We believe this is a direct violation of the Society of Professional Journalists (SPJ) Code of Ethics and a blatant conflict of interest.” Calagione wrote. Sixpoint Brewery in Brooklyn similarly has requested removal from the site, writing that,  “AB doesn't buy companies to be "bros" - there is always a strategic initiative at play. Buying up beer rating sites, the nation's largest homebrewing site*, and acquiring other grassroots companies is definitely part of a larger strategic initiative.”
 
It’s unclear whether more breweries will follow suit and ask to be removed from the site. If they do, Rate Beer may not be as pleased with the transaction as it seems now to be.
 
*link provided by The Drink Nation
 
Photo via Flickr user Image Catalog
Recent Articles

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Applebees Employee's Video Shows Crappy $1 Margaritas Even Crappier Than You Thought

Applebees Employee's Video Shows Crappy $1 Margaritas Even Crappier Than You Thought

Applebee's is offering a $1 margarita throughout the entirety of October at any of their participating restaur...read more ›

by Ryan Hudak Oct 13, 2017
California Wildfires Burn 150,000 Acres, Majorly Affecting Vineyards Throughout Wine Country

California Wildfires Burn 150,000 Acres, Majorly Affecting Vineyards Throughout Wine Country

Wildfires have swept through Napa and Sonoma counties, killing 15 and putting the livelihood of wine country a...read more ›

by The Drink Nation Oct 10, 2017
Johnnie Walker Is Selling a Blade Runner 2049 Scotch

Johnnie Walker Is Selling a Blade Runner 2049 Scotch

With the Blade Runner sequel in theaters now, Johnnie Walker has designed a blend to commemorate the film: Johnnie Walker Black The Director's Cut....read more ›

by Alexander Frane Oct 10, 2017
SPONSORED
Oregon's Union Wine Co. Teams up with Wildfang Clothing to Benefit Planned Parenthood

Oregon's Union Wine Co. Teams up with Wildfang Clothing to Benefit Planned Parenthood

Oregon's Union Wine Co. and Wildfang Clothing are teaming up to raise money for Planned Parenthood with a new ...read more ›

by Alexander Frane Oct 2, 2017
Boozy Ice Cream is Here To Boost Your Buzz

Boozy Ice Cream is Here To Boost Your Buzz

A Maryland company, ArcticBuzz, has given us the gift of combining vodka and ice cream to create the ultimate boozy treat....read more ›

by Jessie Donofrio Oct 2, 2017
What's Happening at the 2017 Great American Beer Festival

What's Happening at the 2017 Great American Beer Festival

Just about everything you can think of having to do with beer is at this festival....read more ›

by Carrie Dow Oct 2, 2017
Celebrate Fall in Style with Flask Cocktails from Coopers' Craft

Celebrate Fall in Style with Flask Cocktails from Coopers' Craft

Spice up your autumnal drinking with coffee cocktails that fit perfectly in a flask made with Coopers' Craft Kentucky Bourbon, which pairs perfectly w...read more ›

by The Drink Nation Sep 29, 2017
NPR is Starting a Wine Club to Fund Public Radio

NPR is Starting a Wine Club to Fund Public Radio

With funding for public radio possibly under fire, NPR is finding a way to fund its own shows that fits perfectly in their own tote bags - a wine club...read more ›

by The Drink Nation Sep 27, 2017
Summer Isn't Over Yet, Thanks to a Rose Festival in Texas This October

Summer Isn't Over Yet, Thanks to a Rose Festival in Texas This October

Summer may be over, but rose season isn't done quite yet, thanks to a rose wine festival this October in Dalla...read more ›

by The Drink Nation Sep 27, 2017
Auchentoshan Whisky Releases Bartenders' Malt

Auchentoshan Whisky Releases Bartenders' Malt

Auchentoshan recently released the Bartenders' Malt, a scotch whisky designed by twelve bartenders from around the world coming together at the distil...read more ›

by Alexander Frane Sep 26, 2017
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close