0.014 0.00 (3.85%)
After hours: 7:52PM EST
|Bid||0.013 x 1000|
|Ask||0.014 x 2200|
|Day's Range||0.0129 - 0.0145|
|52 Week Range||0.0100 - 2,662.5000|
|Beta (3Y Monthly)||-1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2019 - Feb 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,000.00|
Helios & Matheson Analytics Inc. has filed confidentially with the Securities and Exchange Commission to spin off its cinema discount-ticketing service MoviePass.
The parent company of MoviePass wants to spin off the struggling movie-theater subscription service. Helios & Matheson Analytics Inc. said Thursday it formed a new entity that would take possession of its shares in the MoviePass business, as well as other film assets Helios holds, as a prelude to letting that entity trade on its own. The new entity, called MoviePass Entertainment Holdings Inc., also must be accepted by a trading market.
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.
Key InsightsThe New York-based company has been losing money after attracting millions of subscribers to MoviePass with the promise of seeing unlimited theatrical movies for $9.95 a month. It has had to restrict use of its service to retain cash and canceled a planned reverse stock split in November, having already done one in July.Helios & Matheson shares lost almost all of their value last year, battered by fears that the unprofitable MoviePass service won’t survive.
Helios and Matheson Analytics Inc. said Thursday it has filed confidentially with the Securities and Exchange Commission to spin off its cinema discount-ticketing program MoviePass. The company said it has created a new subsidiary called MoviePass Entertainment Holdings Inc. to take ownership of its MoviePass stake. The company will spin off shares by listing on Nasdaq or an alternative exchange, and distribute some of the shares as a dividend to shareholders as of a record date yet to be selected. Helios and Matheson will retain a controlling stake in MoviePass, which offers consumers various packages that allow them to see films at discounted prices. Helios and Matheson has struggled to make MoviePass viable. It was a rather sleepy data analytics company when it first acquired the service and immediately slashed the monthly fee to $9.95 a month from up to $50 a month. Its subscriber base ballooned to cross the 3-million mark last June. But the company ended up burning through its cash holdings and plans to monetize data or partner with cinema chains did not come to fruition. Shares were trading Friday at 1 cent.
Helios and Matheson Analytics Inc. (HMNY) (“HMNY”) today announced that MoviePass Entertainment Holdings Inc. (“MoviePass Entertainment”), a newly formed wholly-owned subsidiary of HMNY that would take ownership of the shares of MoviePass Inc. and other film related assets held by HMNY, has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed distribution by HMNY of a minority of the shares of MoviePass Entertainment common stock held by HMNY as a dividend to stockholders of HMNY as of a record date that is yet to be determined. HMNY plans to retain control of MoviePass Entertainment upon any such distribution.
Helios and Matheson Analytics Inc. (HMNY) (“Helios”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc., today announced that it has entered into definitive agreements with certain institutional investors for the purchase of 333,333,334 common units for aggregate gross proceeds of approximately $5.4 million in a registered direct offering priced at-the-market. Each common unit consists of (i) one share of common stock, (ii) one warrant to purchase one share of common stock at an exercise price of $0.0163 per share (the “Series C Warrants”), (iii) one warrant to purchase one share of common stock at an exercise price of $0.0163 per share (the “Series D Warrants”), and (iv) one warrant to purchase one share of common stock at an exercise price of $1.00 per share (the “Series E Warrants” and collectively with the Series C Warrants and the Series D Warrants, the “Warrants”).
Every year there are opportunities to learn from winners and losers in the market. 2018 was at once extraordinary and normal.
While MoviePass’ prospects for surviving 2019 are dimming by the day, the changes that the company has wrought to the industry appear to be sticking around.
MoviePass is getting desperate. "TIME IS RUNNING OUT 🎁 Up to 53% off MoviePass Select Plans," MoviePass emailed me on Dec. 23, one of 16 emails it has sent me, a former subscriber, since the start of this month. Other subject line snippets include "There's Still Time" (Dec. 20) and "GET IT BEFORE IT’S GONE"…
If anything can be gathered from L.A. Biz’s most-read stories this year, it’s that our readers have eclectic taste.
Helios and Matheson Analytics Inc. (HMNY) production company MoviePass Films announced today its film American Animals won in two categories at the 20th British Independent Film Awards. The British Independent Film Awards highlight the most innovative and creative independent filmmaking and filmmakers each year in an effort to support the independent film community and promote British talent to the public.
At this time last year, MoviePass was the darling of the entertainment industry, boasting millions of subscribers and a cult following. Ted Farnsworth, CEO of MoviePass parent company Helios and Matheson Analytics, has taken a financial beating. Thanks in part to the failures of MoviePass, $7.25 million worth of Helios and Matheson stock Farnsworth was awarded in 2017 was worth less than $50 as of Dec. 8, as Quartz pointed out after a Dec. 10 SEC filing by the company.
NEW YORK, Dec. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
You see, it was all just a test. MoviePass is claiming the chaos of the last few months—in which its $10 movie-per-day plan became increasing unreliable, it started surge pricing, then limited moviegoers to three movies per month instead, and picked the movies they were able to see each day—was all done to determine the…
The movie subscription service is updating its pricing plan for 2019 with three new plans that still start at $9.95 per month. The prices also go up depending on where subscribers live, with three geographic “zones” designed to reflect the differences in average ticket prices in different parts of the country.
Helios & Matheson Analytics Inc. said its majority-owned subsidiary MoviePass will introduce a new pricing plans next year, that start at $9.95 per month. The plans will feature a 3-tier pricing structure, with the plans offering users three movies a month, or the equivalent of up to 36 movies per year to target the casual moviegoer, the company said. In the "Select" $9.95 plan, which will exclude opening weekends at launch, the title selection includes standard 2D movies, with more titles becoming available as product enhancements take place. The "All Access" $14.95-a-month plan includes 2D movies only, but at any time during their threatrical run, including opening weekends. The "Red Carpet" plan for $19.95 a month offers three movies a month, including opening weekends, with one of the allotted three movies in IMAX 2D, IMAX 3D or RealD 3D. The company said it will also offer limited-time 12-month offers to subscribers for holiday gift giving. H&M's stock was up 4.9% in premarket trade.
MoviePass™, the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (HMNY) (“Helios”), announced that, after months of determined testing, it will introduce an updated pricing plan for the new year, effective January 1, 2019. In addition to rolling out the new plans, MoviePass is offering two special, limited-time 12 month offers to their subscribers and for gift-giving during the holiday season. SELECT (starting at $9.95/month): Subscribers will be able to see three movies per month at some point during their theatrical run through a programming model (announced the week prior), which at launch will exclude Opening Weekends.
MoviePass™, the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (HMNY) (“Helios”), today announced the appointment of Khalid Itum to Executive Vice President. Previously MoviePass’ Vice President of Business Development, Itum will continue to report to CEO Mitch Lowe.