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MoviePass parent files to spin off movie subscription service

Annlee Ellingson
MoviePass parent files to spin off movie subscription service

MoviePass Inc.’s parent company has filed paperwork to spin off the struggling movie subscription service into a separately traded holding company. Helios and Matheson Analytics Inc. said that it has submitted a draft registration statement of Form S-1 to the Securities and Exchange Commission with the proposal. The parent company first announced plans to spin off MoviePass in October.