High Tech > Business

MoviePass to be jettisoned by parent company

27 days ago   |   By Phys.org

MoviePass, the struggling discount movie ticket subscription service, is being spun off by the company that owns it.
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The owner of MoviePass soars as much as 50% to $0.025 after saying it plans to spin-off the company

The owner of MoviePass soars as much as 50% to $0.025 after saying it plans to spin-off the company

27 days ago   |   By Business Insider

Helios & Matheson Analytics , announced Tuesday its plan to make MoviePass a separate public company listed on the US market.
The company said it's considering distributing some common shares of MoviePass Entertainment as a dividend to stockholders of the parent company.
Shares surged as much as 50% to $0.025 apiece on the news.
Watch Helios and Matheson Analytics trade in real time here.
Shares of Helios & Matheson Analytics , the owner of MoviePass, exploded by as much as 50% to $0.025 apiece Tuesday after the company announced its plans to spin-off MoviePass and make it a separate...
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MoviePass' parent wants to spin it off into a separate company, as the government investigates its finances

MoviePass' parent wants to spin it off into a separate company, as the government investigates its finances

27 days ago   |   By Business Insider

MoviePass' parent company, Helios and Matheson Analytics, wants to spin off MoviePass into a separate, publicly traded company.
Helios and Matheson has been under fire for months from angry investors, and the New York Attorney General's office recently confirmed it was investigating whether the company had misled investors .
Helios and Matheson has a complicated history as a Nasdaq-listed company, and was once controlled by an Indian company accused of massive fraud.
On Tuesday, MoviePass parent company, Helios and Matheson Analytics , announced a " preliminary plan " to spin off MoviePass...
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MoviePass parent company to spin off MoviePass

27 days ago   |   By TechCrunch

Helios and Matheson Analytics will spin off MoviePass and all movie-related activities into a separate public company. HMNY is an analytics company after all, and MoviePass has been a pretty bad investment for the company's bottom line.
When HMNY acquired MoviePass last year, the company didn't really care about creating a subscription service for movie theaters. HMNY wanted to attract enough subscribers to generate more data about the movie industry. This data could then be leveraged for targeted advertising.
But MoviePass has had so many financial issues that it's hard to believe it's...
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MoviePass to spin out from its parent company amid legal woes

27 days ago   |   By Engadget

If you're in any way familiar with Helios and Matheson Analytics , you probably know it only as the owner of MoviePass - and the company would unsurprisingly like to change that perception. Its board has greenlit a preliminary plan...
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MoviePass is getting spun off as its own separate company

MoviePass is getting spun off as its own separate company

27 days ago   |   By The Verge

MoviePass parent company Helios and Matheson has announced a preliminary plan to spin off the struggling subscription move service into its own, separate company
“Since we acquired control of MoviePass in December 2017, HMNY largely has become synonymous with MoviePass in the public's eye, leading us to believe that our shareholders and the market perception of HMNY might benefit from separating our movie-related assets from the rest of our company,” commented Helios and Matheson CEO Ted Farnsworth in announcing the move.
Developing...
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