|Bid||0.0000 x 27000|
|Ask||0.0000 x 800|
|Day's Range||0.0028 - 0.0033|
|52 Week Range||0.0011 - 0.0255|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Credit Suisse initiated coverage of AMC with an outperform rating, saying the stock's selloff is 'over done.' Yahoo Finance's Seana Smith, Brian Sozzi, Ines Ferre and Dan Roberts discuss.
After a wild eight-year ride, Helios and Matheson Analytics Inc (OTC: HMNY) officially shut down its subscription movie theater service MoviePass last weekend. In a matter of years, MoviePass went from an unknown startup to a major disruptive force to a financial albatross for parent company Helios. MoviePass launched back in 2011, charging early customers $40 per month to see one movie per day of the subscriber’s choice at any theater.
After struggling for months, MoviePass has finally been shut down. MoviePass’ parent company, Helios & Matheson Analytics (HMNY) , announced late last week that the movie-ticket subscription service would be shuttered as of Saturday. Before Helios & Matheson acquired it roughly two years ago, MoviePass had just 20,000 subscribers.
Financier Ted Farnsworth said he has submitted an undisclosed offer to purchase the assets of Helios and Matheson Analytics Inc. including MoviePass Inc. Farnsworth has stepped down from his roles as chairman and CEO of Helios and Matheson, and from his position on the board. "I believe there is great unrealized value in MoviePass and we want to rebuild and make sure it reaches its full potential," said Farnsworth in a statement. MoviePass shut down on Saturday.
After struggling for months, MoviePass has finally been shut down. MoviePass’ parent company, (HMNY) (ticker: HMNY) announced late last week that the movie-ticket subscription service would be shuttered as of Saturday. Before Helios & Matheson acquired it roughly two years ago, MoviePass had just 20,000 subscribers.
MoviePass had all the workings of a genius tech start-up but was unable to execute its business model effectively. What does this mean for other unprofitable public companies?
Helios & Matheson Analytics Inc., the corporate parent of MoviePass, announced Friday afternoon that it would shutter the service as of Saturday. The company’s board is reviewing options, including selling the entire business or just MoviePass.
Toll Brothers, Cree, Alibaba, Disney, Sony and Helios and Matheson Analytics are the companies to watch.
Beleaguered movie ticket subscription company MoviePass Inc. recieved more bad news late Tuesday following a report that tens of thousands of customer bank card numbers were exposed. Over-the-counter shares of Helios & Matheson Analytics Inc. , which owns MoviePass, closed up 18% at $0.002 Tuesday. One of MoviePass's databases was found to be not protected with a password by security researcher Mossab Hussein, according to TechCrunch. The database contained 161 million records at the time, but more than 58,000 contained customer card data, according to the report.
MoviePass made a splash in 2017 with its outrageous deals to see unlimited movies in theaters. Keeping that original deal alive proved too tough to keep up, but does that mean it isn't worth it anymore?
The rollout of Regal Unlimited, a year after AMC Stubs A-List, seems to make Helios and Matheson's currently suspended MoviePass app obsolete.
The leading movie chain's multiplex buffet is a hit for movie-hungry fans, but the stock has been cut in half since peaking late summer.
The movie ticket subscription service finally admits you can't make a profit paying full price for something you're going to resell at a discount.
Sinemia shuts down stateside operations -- effectively immediately -- as it concedes that its third-party movie service is unsustainable.
In the latest MoviePass news, parent company Helios and Matheson Analytics (OTCMKTS:HMNY) sold a large chunk of its new shares to cover expenses related to the troubled cinema business, playing a role in HMNY stock losing more than half its value on Tuesday.Source: WikipediaThe IT service management business said in a press release today that it had raised $6 million in new financing. Raising the money required Helios and Matheson Analytics to sell roughly 60,000 new shares of preferred stock "Helios' Series B Preferred Stock," which the company said are "convertible to 1,000,020,000 shares of its common stock."The move is an extension of previous moves in which the business has sold large amounts of new stocks in order cover hundreds of millions in losses linked to MoviePass, which went under a few months ago, but the company has been attempting to revive in recent weeks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's decisions have greatly diluted the value of shareholders' stake in the company. Helios and Matheson Analytics also recently amended its latest quarterly report for the period ending September 30, displaying a net loss of $138.6 million. The business said the net proceeds of the financing will be used to "accelerate MoviePass' product development, fine tune its subscription technology, and increase MoviePass Films' investment in new films."HMNY stock fell roughly 55.6% on Tuesday by closing time, with shares selling for less than a penny per share heading into Wednesday. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 10 Stocks on the Rise Heading Into the Second Quarter * 7 Beaten-Up Stocks to Buy as They Reverse Course Compare Brokers The post MoviePass News: Why HMNY Stock Is Nosediving Today appeared first on InvestorPlace.
Stacy Spikes helped change the way people think about going to the movies. With PreShow, he wants to do it again.