Helios and Matheson Analytics (HMNY) 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 […]
View More MoviePass parent company to spin off MoviePassCategory: Helios and Matheson Analytics
MoviePass parent drops another 46%
There’s been another bomb at the box office, and it isn’t a movie. MoviePass parent Helios & Matheson lost nearly half of its remaining value today as investors continued to flee the cash-burning movie service. That drop followed a 31% dive yesterday, after the company filed a statement with the SEC warning that it would […]
View More MoviePass parent drops another 46%MoviePass parent drops 31% on looming cash crunch
The big question in the media world today is whether MoviePass parent company Helios and Matheson can stanch the bleeding of its cash flows before it becomes insolvent. In a new filing today with the SEC, Helios informed investors that it had $15.5 million in available cash, with another $27.9 million in accounts receivable from […]
View More MoviePass parent drops 31% on looming cash crunchMoviePass CEO says he doesn’t know if the one-movie-per-day subscription will ever return
MoviePass is known for a pricing model that sounds too good to be true — in exchange for paying $9.95 per month, subscribers get up to one movie ticket per day. At least, they used to: If you try to sign up now, that isn’t quite what you’re offered. Instead, there’s a bundle that combines […]
View More MoviePass CEO says he doesn’t know if the one-movie-per-day subscription will ever return