Author: Chaim Gartenberg
MoviePass parent company Helios and Matheson has announced a preliminary plan to spin off the struggling movie subscription service into its own company.
“Since we acquired control of MoviePass in December 2017, HMNY largely has become synonymous with MoviePass in the public’s eye, leading us to believe that our shareholders and the market perception of HMNY might benefit from separating our movie-related assets from the rest of our company,” Helios and Matheson CEO Ted Farnsworth said in a press release.
Helios and Matheson doesn’t want to just be known as “Moviepass’ parent company”
The plan would create a new holding company called MoviePass Entertainment Holdings, which would contain shares of MoviePass, MoviePass Films (the...
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MoviePass parent company Helios and Matheson has announced a preliminary plan to spin off the struggling movie subscription service into its own company.
“Since we acquired control of MoviePass in December 2017, HMNY largely has become synonymous with MoviePass in the public’s eye, leading us to believe that our shareholders and the market perception of HMNY might benefit from separating our movie-related assets from the rest of our company,” Helios and Matheson CEO Ted Farnsworth said in a press release.
Helios and Matheson doesn’t want to just be known as “Moviepass’ parent company”
The plan would create a new holding company called MoviePass Entertainment Holdings, which would contain shares of MoviePass, MoviePass Films (the...
Continue reading…
Continue reading...