|Bid||0.0000 x 27000|
|Ask||0.0000 x 800|
|Day's Range||0.0016 - 0.0026|
|52 Week Range||0.0011 - 0.0530|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 20, 2019 - Sep 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,000.00|
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 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.
(Bloomberg) -- It looks like the curtain has fallen for good on MoviePass.Helios & Matheson Analytics Inc., owner of the pioneering movie-theater subscription service, is considering a sale and other options after suspending its operations two months ago. A board committee will “identify, review and explore all strategic and financial alternatives,” including a sale of MoviePass and Moviefone, the company said Friday.The announcement brings to a close a two-year saga that shook the cinema industry with a monthly subscription that offered unlimited moviegoing for one low price. Led by penny stock investor Ted Farnsworth and former Netflix executive Mitch Lowe, MoviePass was unable to keep up with the demand it created with its $10-a-month plan or profitably offer a service that effectively subsidized moviegoing. Still MoviePass helped boost attendance, and theater owners across the country took notice.“The company is unable to predict if or when the MoviePass service will continue,” Helios said.The service spurred leaders like AMC Entertainment Holdings Inc. to offer their own subscriptions, while MoviePass’s precarious finances forced the service to continually cut back and find ways to stay afloat. The July shutdown was called an effort to revamp its app and recapitalize.Farnsworth has a string of ventures behind him, from psychic phone lines to energy drinks, some of which lost all their value. At one point, Helios shares advanced 1,151%. Today it trades below a penny.The company is being investigated by the New York Attorney General for securities fraud and faces class action lawsuits.To contact the reporter on this story: Anousha Sakoui in los angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Helios and Matheson Analytics Inc. (the “Company” or “HMNY”) today announced that its board of directors has formed a strategic review committee (the “Committee”), composed entirely of the Company’s independent directors, to identify, review and explore all strategic and financial alternatives for the Company, including a sale of the Company in its entirety, a sale of substantially all of the Company’s assets including MoviePass™, Moviefone™ and MoviePass Films™, a business reorganization or one or more other extraordinary corporate transactions, together with the assumption or settlement of the Company’s liabilities in connection with any of these alternatives. The Company requests that all bona fide transaction proposals and expressions of interest be directed to the Committee at SRC@hmny.com.
The lights have been turned off on MoviePass, the once-heralded theatre subscription service. Parent company Helios & Matheson Analytics said on Friday that it will shut down MoviePass, possibly for good, beginning Saturday and will explore strategic alternatives, including a possible sale of the group in its entirety. The decision to close the service, which offered unlimited movie access for $9.95 per month, came as the company said “efforts to recapitalise MoviePass have not been successful to date”.
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.
Moviefone™, the iconic media, news, and entertainment information service owned by Helios and Matheson Analytics Inc. (HMNY), announced the first season of THE MS. MOVIEFONE SHOW, a 16-episode interview series executive produced and hosted by Grae Drake (AKA Ms. Moviefone). MOVIEFONE SHOW will cover the hottest releases and the biggest stars, celebrating all things movie related in an interview show where NO ONE behaves, and EVERYONE has fun.
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.
Moviefone™, the iconic media, news, and entertainment information service owned by Helios and Matheson Analytics Inc. (HMNY), today announced that former Rotten Tomatoes Senior Editor, Grae Drake, has assumed the role of “Ms. Moviefone” to serve as Moviefone’s leading brand personality. A nod to the memorable “Mr. Moviefone” character, Ms. Moviefone plans to become a pillar of the film industry and a go-to source for providing commentary on the entertainment industry and recommending which audiences will like which movies.
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.